This week as a long distance landlord
Tuesday, December 22
As I become more familiar with the BP network and resources it has become clear that we are fortunate to have some of the most thoughtful and helpful real estate investors on the web. I love all the real life stories and daily posts from the various full time investors. It is because of them th...
One Data Point is not a Trend but …
Friday, December 18
So I just heard from one of my REO agents. She indicated that this past week she was given 20 REO properties where she rarely saw more than 2 or 3 a week the past 6 months. She also expects more next week in a short week. I don’t know if this is a trend yet but the backlog might finally be hit...
Real Estate Investing will TEST you …
Monday, December 14
To the new investors looking to get started make sure you and your significant other is totally committed because investing in real estate will test you. When you get started everything is great. Deals seem plentiful and you are making all the correct moves. You may even buy a property, get i...
My current Top 5 Real Estate Investing Books
Saturday, December 12
Like other active investors I am constantly looking for new material to read and review. I do it not so much to find new ways of investing but more to hear stories, challenges and deals. I estimate that I have read 200+ investing books to date and average about 2-3 a month. Without further a due ...
Market seems to be changing again
Tuesday, December 08
In my investment market I am starting to see signs that the market is changing again. In the early part of 2009 if you had cash you could close on some very nice deals. Then the world changed with supply constraints and artificial demand looking to scoop up cheap homes. As an investor I am h...
So does 1.5% make a difference???
Sunday, December 06
In my investment market the most popular loan programs are sponsored by FHA. Which only requires 3.5% down payment for first time buyers and given the $8k tax credit meant each buyer would have to come up with very little out of pocket cash when they netted out the tax savings. As we are rele...