Before I proceed with my blog I want to make 2 statements:1) I am politically neutral.  I am not red or blue. 2) I truly feel bad for people going through hardships right now.With that said, prior to COVID, real estat...

Economic Update
(Monday, July 27, 2020)

This week is a good week for real estate investors (particularly if you have a house for sale). Existing houses sales are up, new home sales are up, inventories are down...

As we all observe and fear the Coronavirus, we see many cities under “shelter-at-home” restrictions, and many “non-essential” businesses closing. Then on the other hand, the Fed lowered rates almost to zero, and mortg...

The last 6 months of leading indicators spell bad news historically for the state of New York!!! Of course no one knows what will happen, and neither do I claim to. But damn!!! Look at those lines! Eerie.. The leading...

When qualifying a property, why does it matter how much it is under water if the bank will still only be able to get the highest bid at auction? Isn't the bank just as likely to accept a short sale vs going through a ...

Or are we going to see slow and steady 2-4% appreciation for the next 30 years like a "perfect economy"

What percentage is the structure worth vs land for depreciation?In California in the property tax bill you can see sometimes the land is 90% and the structure is 10% but the reality to rebuild the structure can someti...

Hi everyone, I recently heard about a method some investors are using. It involves attending foreclosure auctions and identifying any properties that sell for a surplus over the mortgage, lien and junior liens. This a...

I ran across this article this morning on Business Insider.  It is painted with broad strokes, but it still has some data that could be troubling or encouraging depending on which side of the fence you sit.  I just wa...

All,I wanted to get peoples opinion on real estate values in Chicago being to high and it might not be the best time to enter the market to purchase my first investment property.I see prices close to pre real estate b...