Another week of Long Distance Landlording
Monday, January 11
The following is just a quick post of items I have had to deal with as a long distance landard. I chose to invest 3 hours from my home and I travel alot for my day job so I leverage property managers. In the last week I have had calls on the following topics:Needed to deal with Bed Bugs and wo...
Economics 101
Wednesday, January 06
What happens to a market when you take away or threaten to take away the artificial sweetener of free money? Answer: You get less Buyers What happens to a market when supply increases more than demand? Answer: Prices go down How many owner occupant homes can a first time buyer acquire (and ge...
Good News Continues
Monday, January 04
This might be a little early to report it but I am already seeing additional inventory in the Cash Flow Rental properties in my chosen market. These properties usually require 8-10K in make ready repairs and won't go FHA.As I have reported in previous posts I had been hearing this was coming but...
10 Predictions for 2010
Tuesday, December 29
With the closing of one year and the start of the next I thought I would take some time and jot down some predictions for 2010. I want to do this for a couple of reasons. First it allows me to shares my thoughts on the next 12 months with a lot of people who can point out my errors. Second it ...
So you have no Money or you're just starting ...
Sunday, December 27
First off you shouldn’t be concerned if you don’t have any money because most rich real estate investors I know started with very little or no money at all. It was instead the continuous effort and education that got them to where they are now. Since I mentioned education please don’t think I a...
2 Data Points and a Trend may be forming
Thursday, December 24
OK so I just got the following email from a mid sized REO agent in my investment market."We expect 60-70 new REO listings from Jan 15-Feb 15" - In the past his team would get 15-20 a month so a large spike for sure. And as an earlier post indicated this is now the second time I heard about this ...