In defense of Real Estate Speculators :: four points to consider
Not long ago I wrote a post on Real Estate Speculating vs. Real Estate Investing. My main point was that
Not long ago I wrote a post on Real Estate Speculating vs. Real Estate Investing. My main point was that
I wrote an earlier post on negotiating, stressing the idea that investors should negotiate based on principles instead of trying to defend established positions. What do I mean by this? I mean that if you negotiate based on a position (example: I’ll pay $100 thousand and not a penny more) then you’ll end up digging your heels in on something that may not be the only path to getting to the principle that’s really at the core of your best interests (perhaps the seller could offer seller financing? Or give a package discount on the neighboring plot?)
Real estate investing software offers a number of advantages to real estate investors, many of which we emphasize
Ok, so I’m in the middle of a 1031 tax deferred exchange, the result of a New Years resolution to cash out of a high-end townhouse that had generated some equity and reinvest into a property(ies) that generates better income.
I’ve stated in previous posts and articles that running the numbers and making sound assumptions about your potential investments is one of the keys to avoiding real estate investor burnout.
…how’s your market?
From time to time I contribute pieces to publications on investing in real estate.
Today economy.com and cnnfn.com released the most recent data on housing prices, compiled for November of 2006 - it’s clear that the slide in values is starting to accelerate.
I wrote a few days ago about the phantom bounce that some housing statistics may be implying.
When you start reading a lot of articles in the general news media about real estate investors it’s usually a sure bet that they’re not going to be flattering.
When the market was flying it would seem that everyone was making big bucks, if you took media coverage at face value. That led to a big increase in speculative buying. This hasn’t painted a pretty picture in many areas, and an ugly convergence of flattening/declining prices, declining sales, and a collapsing sub-prime lenders has turned many a get-rich-quick scheme into a sob story.
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.