Archive for the 'Real Estate' Category

From MSN.com’s Bill Fleckenstein
June, I suggested that Time magazine’s cover story, “Home Sweet Home: Why We’re Going Gaga Over Real Estate,” might be signaling the peak.
“Big dreams filled Rick and Christy Alonso when they bought their new house from Dominion Homes. Start a family. Build equity. Move to a larger house. But six months [...]

This Microsoft Corp sales pro turned part time real estate investor is having to confront the reality of a real estate bubble in his own home town. Here’s what he did…
From RealEstateJournal.com
Throughout his first year as a landlord, Mr. Jones has spent as much energy prospecting new investments as he did worrying about his existing [...]

Many people with “daytime jobs” have work at home jobs on the side to prepare for retirement.
I interviewed one such part time “work at home” entrepreneur yesterday.
He plans to retire in a few years, so in the last decade or so he accumulated a portfolio of rental properties.
The mortgages are timed to be paid at [...]

Why do bankers sell foreclosure properties at auction when they could make more otherwise?
Frank Chan offers this interesting insight at creonline.com about their preference for auctions.
1. They’ve already taken the loss.
2. The auction setting gives them a higher profit because, in their world, it’s a 100% profit.
And here’s something else that wasn’t mentioned… the [...]

In the states surrounding the devastation, many folks are already being mobilized for short term “clean up” jobs.
Many are considering the future rebuilding of New Orleans - especially with politicians lining up to throw our tax money at the problems there - as a potential bonanza for the construction trades.
I’m including this because many contractors [...]