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Professional property managers are experts in the field acquiring and keeping paying tenants for real estate investors. They are knowledgeable about the local rental market, vacancy levels, and rental price trends. But most of all, the property manager you use for your real estate business should excel in leasing and managing rental property. Read more »
The weekend before Christmas 2008 is upon us! Beware! Streets will become crowded, retail prices lowered and people more obnoxious than ever. It’s time to jump into the fracas that is last minute Christmas shopping. Or better yet, go look at houses and build your business. It’s safer and a lot less stressful. Here’s a rhetorical one for ya… If we have been in a recession for a year now, then why are people literally breaking down doors at Wal-Mart to purchase things like TVs?
Instead of bowing to the gods of consumerism, we should be getting back to basics this holiday season. And those basics are family, God and country. Spend some quality time with your kids. Instead of cramming them in car and driving all over the place, sit down and read them a story. And if you do have to get out, go look at houses. You never know when you will find a good investment deal.
-Richard
It’s a good thing many of today’s investors aren’t back in elementary school. In no time, they’d be diagnosed with ADD-Attention Deficit Disorder-handed a Ritalin prescription and told not to return until they popped a few pills.
Whys that? Because today’s investors have notoriously short attention spans.
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Rock-bottom home prices have finally begun to bring in the vulture real estate investors into the market. Instead of calling them “vultures”, I will call them smart.
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A Plus Side To The Housing Market After All Read more »
Posted By: Diana Olick, CNBC.com
I like to think I know everything about home prices, but I learned a few things from Prof. Chip Case at a conference yesterday (one of the men behind the Case-Shiller Home Price Index). Case is this fascinating guy whose brain is so swimming with numbers that you can almost see them crawling across his forehead.
The Associated Press just published an article detailing US home prices have dropped at the sharpest rate in 20 years. The news media is “doom and gloom” oriented.
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WASHINGTON (AP) - Congressional leaders are racing to push through an array of election-year housing measures that already have stirred up much political wrangling and the White House is examining its own plan to further help homeowners caught in the mortgage meltdown.
With foreclosure signs prevalent and a Wall Street rescue reverberating, majority Democrats want the government to step in and back up to $400 billion in troubled loans. The goal is to help strapped borrowers and thaw a credit market plagued by uncertainty about the value of subprime mortgages made to people with spotty credit or low incomes.
As lawmakers return from their two-week spring recess, their leaders are moving fast to increase the political heat on the housing issue. Many Republicans, though, are resisting what they characterize as heavy-handed federal intervention that could leave taxpayers on the hook for a mortgage bailout.
Senate Democrats plan a test vote this coming week on a series of housing proposals. One would let bankruptcy judges reduce the amount owed and interest payments on loans held by distressed borrowers. President Bush and Republicans strongly oppose the idea.
The Senate took up the plan several weeks ago. But the proposal, which also would make grants available to communities with the highest foreclosure rates so they could buy foreclosed properties, fell well short of the 60 votes it would have needed to advance.
Democrats, however, are determined to put Republicans in the position of making tough votes, given the issue’s potency for voters.
“Our hope is that when Republican members went back home they said ‘Let’s do something,’” said Sen. Charles E. Schumer, chairman of the Joint Economic Committee. “We feel the pressure is mounting and we are hopeful that there will be a change of mind in the Republican leadership,” said Schumer, D-N.Y.
As the popularity of this site grows, the number of attempts to pollute its content with useless comments and posts increase as well. Rest assured, Blog-readers! You will not be subjected to this nonsense. Our moderators will catch and delete these posts/comments before they ever see the light of day.
Case in point: March 19, 2008 - we have deleted 84 spam comments/messages so far. Users never saw them.
Now, having said that, why are the spammers continuing to try to put their junk here? It will never be posted, so why bother? Are they that stupid?
:-)
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!
This morning, Fidel Castro, Dictator of Cuba, announced he is stepping down from his post and will not retain his presidency when it is re-upped.
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