Economic Update
(Monday, March 22, 2012)
The TV commercial used to say “When E.F. Hutton speaks everyone listens.” Well, E.F. Hutton is no more. Now we have the Federal Reserve. And when the Fed speaks, truly EVE...

Our daughter is moving from Washington state to Albuquerque. She'll be retaining her old home as a rental. Her new job won't be starting until August. So, I was surprised when she told my wife that she had been qua...

Hello All-I'm still in the process of walking through houses, analyzing deals, and networking.. I have not yet pulled the trigger on my 1st property. My current approach is to run analysis on properties which are comi...

Without going into too much detail, is it normal for a lender to cause you to have to push back your closing date because they couldn't get underwriter approval on time?   I feel like they are having me scramble now t...

Perhaps someone can help clarify my thinking on a financial question.For this discussion let's assume we're talking about a $100,000 30 year fixed rate mortgage at 5% with a payment of $536.82 per month.Not that you w...

Background
I am not a Professional Real Estate (yet) as I am working as a full-time engineer, and I don’t meet 750 hours of services during the tax year in real property trades or businesses in which I participated. ...

Hi Everyone, I'm under contract for a multifamily property for $300k.  Bank appraisal came in at $282k.  Appraisal came in low because there are few multifamily comps and they all sell at massive discount because they...

I put my first investment property in Baltimore, MD recently.  I am about to start the rehab and plan to rent it as a Section 8 property once I'm finished.  I am deciding now what level of renovation will give me the ...

Is there a scenario that exists in which it is reasonable for a seller to refuse to share their Profit and Loss statement covering the most recent 12 month period for the property under contract? I think it is a deal ...

Hi there,I am soon to visit several markets where a handful of turnkey providers will lead tours of the neighborhoods they operate in, their renovations in progress, and their finished product.In doing so, I hope to g...