Real Estate Investing & Loans?
The more I
What’s on my wrist
I’m not an electronic gadget guy (I didn’t run out and get an iPhone) but I am a fan of well made mechanical things. I’ll probably be the last guy shooting film while the world around me goes digital; I love my Leica rangefinder - the feel of those hand-assembled German gears pulling the film though the camera’s perfectly engineered sprockets.
But things like this are expensive, so they’re an occasional indulgence. When I glance down at my wrist I see my daily watch: the venerable Casio W-201. Date, time, alarm, stopwatch, water resistant to 50 meters. Accurate to fifteen seconds per month, and the battery lasts ten years without changing.
National median price declines
I’d written here before about how there has never been a national correction in the history of the U.S. real estate market. Well what we’re facing now is not exactly a national correction, but it is a notable occurrence nonetheless: we’re about to mark the first year-on-year decline in national median home prices since federal housing agencies started collecting statistics on pricing.
The reason that this doesn’t represent a national correction is the fact that even though the national median is down, there are still some regional markets that are flat or rising. Investors know this and we’re watching our local markets.
You want to be a hippo, not a whale shark
I put a premium on making things happen and getting things done. If I compare a bunch of B+ deal that I can actually get done vs. an A+ deal that doesn’t close guess which one I prefer?
This is a philosophy that I’ve learned over time, and one that doesn’t really jive too well with my background as an Army officer and my academic training as an engineer – two disciplines where finding the right solution is pretty darn important. So this is something that I have to work at.
This extends to the way that I deal with people. Real estate, at the end of the day, is all about people. Yeah there’s financing, and strategies and technical know-how, but at the end of the day it’s all about you and the person sitting across the table from you – whether she’s a contractor, a Realtor, or a buyer.
Real Estate Investing, An Important Item For Reveiw?
Hi all,
Let’s get straight to it, while I’ve been travelling I’ve been looking for investor opportunities…I wanted to show you all this interesting option.
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Imagine if 500 entrepreneurs came together, and
started purchasing high-end luxury vacation homes
around the world to share…
And what if you could use the vacation homes as much
as you wanted…
And what if it only cost $97/month?
Sound Interesting? Then click to learn more:
http://EntrepreneursVacationClub.com/?x=1138253
After all, real estate investing is all about money…
I spend a fair amount of time thinking about money and my ideas about the subject have changed over time. Money, in my view, is not the key to happiness – but being overwhelmed by money (or by the lack of it) can
They
Real estate investors have a problem in that the general market is geared squarely toward the needs of the standard homebuyer; us investors often feel like square pegs trying to fit into round holes.
The relationship between investors and real estate agents is a weird one. I have a long-term relationship with an agent that’s based primarily on loyalty and trust; I know she’ll take care of me and get the details taken care of, and she knows I’ll be back. I don’t get a lot of useful advice and she never brings me a deal, but she helps make sure I get the work done. So, generally speaking, when I’m buying a property or looking for a tenant I’ll often work with her.
Is it time to buy? Here’s a question to ask yourself…
So, what do we do now…?
I’ve discussed in the past the folly of forecasting. A good case in point is the diverse smorgasbord of forecasts for the housing market, each offering served up by an immensely qualified expert running a sophisticated model.