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All Forum Posts by: Ted Harris

Ted Harris has started 39 posts and replied 537 times.

Foreclosures

Post: Agents inquiring about hard money...

Ted HarrisPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 660
  • Votes 244

cash = no appraisal needed which can be issue in some areas ...

0 Votes
General Landlording & Rental Properties

Post: Anyone flipping buildable lots?

Ted HarrisPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 660
  • Votes 244
Well Ted, in that case, here's more on where that idea came from:
http://www.biggerpockets.com/forums/79/topics/32290-jack-bosch-land-for-pennies

Thanks Steve!!

0 Votes
General Landlording & Rental Properties

Post: Anyone flipping buildable lots?

Ted HarrisPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 660
  • Votes 244

I like this idea!

0 Votes
Buying & Selling Real Estate

Post: Tax credits expiring--what will happen?

Ted HarrisPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 660
  • Votes 244

In Las Vegas where close to half of all closing are cash, it'll have little to no effect ..... in Portland, Oregon it may slow starter home sales a bit but interest rates remain at historic lows which helps.

1 Vote
General Landlording & Rental Properties

Post: Anyone flipping buildable lots?

Ted HarrisPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 660
  • Votes 244

Building has re-started where I live .... market appears to have thawed and showings signs of life. Anyone have success finding a lot(s) that may have been abandoned say 2-3 years ago where they picked up on the cheap and re-sold to a builder?

2 Votes
Real Estate News & Current Events

Post: TARP, P-PIP.

Ted HarrisPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 660
  • Votes 244

That seems very wrong :nono: .... glad you didn't bite!

0 Votes
Starting Out

Post: Hello all...

Ted HarrisPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 660
  • Votes 244

Welcome to BP Nation Joseph!!

0 Votes
General Real Estate Investing

Post: "Why invest in real estate when stocks are better?"

Ted HarrisPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 660
  • Votes 244

New research show disappointing stock returns dating back 50 years ....

http://www.bloomberg.com/apps/news?pid=20601109&sid=aVZEFfnDQdyg&pos=15

0 Votes
Investor Mindset

Post: Would you recomend having a coach and/or mentor?

Ted HarrisPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 660
  • Votes 244

Bingo!

0 Votes
Foreclosures

Post: New wave of foreclosures coming- Worse than first wave??!!

Ted HarrisPosted
  • Real Estate Investor
  • Portland, OR
  • Posts 660
  • Votes 244
There are now millions MORE homes in jeopardy with more problems to come. As article explains, it normally takes 6-7 months of missed payments before lenders start foreclosure. Millions of homes are falling into that area now. Lenders are still not lending, which means purchases must be for cash.
It is also obvious that many lenders have been delaying foreclosures and then delaying resale of these REOs. These HAVE to hit the market sometime!

Hearing or reading news like this excites me ... means the window of opportunity on buying cashflowing properties remains wide open for awhile. Buy, get tenant, build up reserves, buy, get tenant, build up reserves ....

1 Vote