All Forum Posts by: Mike Morrison

Josh-
There is so much free information to be had.I blog to let the members of this site know the things we are facing. The Good,Bad & Ugly.I have found that "other" RE sites, don't want to hear the Bad or the Ugly only the Good. That is like walking into traffic and turning your back.
I think what stops folks from bloging is human nature; "I want to please everyone". We both know that won't happen. The other is time. Many may feel it takes too much time. I have a system that takes the time factor out of the equation.
I'm not offended if my blog post is canned. I just keep posting.

I say jump in the water is just fine.

Welcome, jump in we don't bite!

Joel,there is a debate going on regarding CRE valuation due to abnorminal low "risk free" assets used in valuations. There are 3-4 ways I've seen of how to deal with this issue. Some economists think this is no problem. You can wind up with a artificial valuation too low or too high.We need to make investors understand that our cap rate was arrived at by X .

For CraigsList: "Here's your chance to become a RE investor."

Thanks for the update Chris!! I use a RE Atty & have a MB that specializes in Owner Finance Deals.I had to shop Title Co's. Many would not do the impoundments on an owner finance deal.

You're correct anything you can do to CYA.I'm like you, anything I can outsource to further limit my liability is well worth the money.

Derek--

Just did my Qt. review of marketing costs & rank in terms of good leads. My best lead generator is bandit signs. Hope that helps.

Who foots the initial rehap & future repairs? Let me guess...

Mitch & Don--

This has bail out written all over it. Think of all the dollars that will be,shall we say, not booked.

Shanequa,

I'm talking about owner/occupant. I would jump on an offer like you received. in this market,we have to look at all offers & options. Thanks for your input.

Joshua,

What does HUD think will happen to the rental market?