Archive for real estate
There Are No Bad Real Estate Markets
Posted on June 10, 2011 by
“Down” and “depressed” – according to the news, that’s the real estate market these days. And thanks to continuing tight credit and sluggish job growth, the United States isn’t likely to see anything like a booming real estate market for many years. But although reports about today’s real estate market sound grim, here’s something you probably haven’t heard: there’s no such thing as a “bad” real estate market. Let’s take a look at some of the patterns the real estate market can fall into, who is hurt by them and who stands to benefit. Read More→
Know Which Mortgage You’re Bidding On
Posted on March 22, 2011 by
It never fails. Several times each year, we shockingly watch inexperienced real estate investors come to the foreclosure auction and bid on a junior mortgage which they mistakenly think is a senior mortgage.
For example: Let’s say a $100,000 house is being sold at this month’s foreclosure auction. The mortgage being advertised for foreclosure reads $20,000. An inexperienced investor, who doesn’t know the difference between junior and senior mortgages or how to look them up, shows up ready to bid. The bidding opens at $18,968.35. The inexperienced investor confidently bids $19,000. Slowly, all of the experienced investors back away. They’re terrified of catching a terminal case of “stupid disease,” which has obviously infected this inexperienced investor. Read More→
