Was May's Job Report Good or Bad News?
Saturday, June 05
On paper, the job increase of 431,000 announced for the month of May, and the dip in unemployment from 9.9 to 9.7% should be good news.The reality? Most of those jobs were only temporary census positions that will disappear by the end of summer. Only 41,000 private sector jobs were created in ...
To invest, or not to invest in Real Estate Education...
Saturday, June 05
That is the question? Actually, there are more questions which need to be asked.Question 1 - how serious are you about this career? Too many investors make mistakes during transactions or miss opportunities because they don't recognize a potential transaction. Any business endeavor is going to...
Short Sale Dilemma
Friday, June 04
I submitted a short sale packet for a property in Cedar Creek, TX, to IndyMac back in April. The comps in the area range between $150-$225k. It requires about $15k in repair (though it could probably sell in as-is condition). It's a 4 bed house that sits on 2 acres of land out in the 'country'...
Increase your Selling Time
Thursday, June 03
We all have the same 24 hours in a day. Isn't it amazing how some people can get so much more accomplished than others?If you feel as though you don't have enough hours in the day to accomplish everything you desire, consider this: before you can improve your use of time, you may want to first ...
Pitfalls to Loan Modifications
Thursday, June 03
ARE THERE DOWNSIDES TO LOAN MODIFICATIONS?The simple answer is it depends on your situation as the negatives may not outweigh the advantages of lowering your monthly mortgage payment in the first place. A loan modification, according to loanmortgage.com, is when a lender agrees to modify the te...
When can 'Walkaway' Foreclosure Homeowners Buy Again?
Wednesday, June 02
What do you do if you owe $500k on a house that is worth $350k? If you ever plan to buy another home again in the near future, you may want to stick it out.There are 2 types of people going through foreclosure: ones with economic hardships and ones that just want to walkaway because the propert...