The Flip Board

WASHINGTON (MarketWatch) - U.S. consumers took on more debt in May, led by auto loans, the Federal Reserve reported Tuesday. Total seasonally adjusted consumer debt increased by $7.8 billion, or a 3.6% annual rate, in May to $2.57 trillion. This is about the same pace as April. Credit-card debt rebounded by $5.7 billion, or 7.1%, in May to $961.8 billion, after falling in April for the first time since May 2005. Non-revolving credit - such as auto loans, personal loans and student loans - increased by $2.1 billion, or 1.6%, to $1.61 trillion, much slower than the 6.2% rise in April. —-

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New investors rarely stop to address the subject of risk tolerance. People who have never done a single real estate deal see others making a lot of money in real estate and want to jump right in. They never stop to understand the true risks of real estate.

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Any good investor will keep up with market information, trends and news items that may affect their investments.  In my case, being good friends with several of the editors at CNBC biases me

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NEW YORK (AP) — Just four days after Bear Stearns Chief Executive Alan Schwartz assured Wall Street that his company was not in trouble, he was forced on Sunday to sell the investment bank to

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NEW YORK (MarketWatch) — In the latest sign of mortgage-industry retrenchment by a major U.S. bank, Citigroup said Thursday it will reduce its mortgage assets by $45 billion over the next 12 months.

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In an effort to provide a better service to you and to bring more perspective to this thing called ‘Real Estate Investment’, we have added popular video pertaining to RE Investing, we have expanded our community to a much larger section of the world under “Real Estate Investors”, and we have been added to the BlogCatalog! How awesome is that?! Just look on either the left or the right of the FlipBoard!

Enjoy!

Here’s an encouraging article I found in the New York Times online pub about two of Silicon Valley’s biggest names failing miserably at real estate development, particularly in the Miami area. This article, written just after Christmas, reminds me of a few lessons we can take time to reflect on.

 1. Success in one area does not guarantee success in another.

Just because you made a lot of money in “dot coms” doesn’t mean RE development will be a snap.  Be humble in your new endeavor.

 2. You  can always learn something new.

Again, be humble and surround yourself with experts in your new endeavor. You rarely have to be the smartest person in the room in order to be the richest person in the room!

 3. Perseverance is critical to your success.

Don’t give up! The aboslute worst thing Jim Clark and Tom Jermoluk can do now is quit.  Simply rethink their strategy. They have a $110 million construction loan to pay off and the property is no longer worth that. Hmm… Could they get it re-zoned as commercial?  Or, sell the entire project to someone else like Me or Donald Trump?

The Associated Press is reporting the nation’ s largest mortgage lender is suffering from a huge 28% drop in its stock price yesterday.  Two days ago, Britney Spears

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