Owner: I Am A Real Estate Investor URL:http://iamarealestateinvestor.com Join Date: Thu, 24 May 2007 12:49:24 -0500 Rating:0 Site Description: Finally, a sane voice for real estate investors. While speculators and the financially ignorant panic, savvy investors thrive! Site statistics:Click here
Median vs. Average 2007-05-23 16:25:20 I got a great email today.
Tim,
I was over at your favorite site today and one of the posts made me think. It was about why the housing industry uses median instead of average home prices when reporting market data. I got to thinking about that and the examples they give are pretty compelling and I’m [...]
Read more:Median
, Average
Okay, I Admit It, Sometimes I Just Can’t Let an Apparent Puzzle Go. 2007-05-21 19:01:38 Ever since I was pointed to Keith Brand’s blog I was puzzled and the more I looked into things the more puzzled I became.
He sold his condo in AZ near the peak of the market there, apparently to an investor from Chicago. It appears he still rents his old digs from that new owner. Ok, [...]
Read more:Sometimes
, Puzzle
The Bond Market Clearly Expects A Rate Cut. But, When? 2007-05-20 06:45:01 Watching the bond market is usually a fairly good predictor of which way the benchmark overnight rate wind blows. Everyone is speculating about an upcoming cut but I still don’t look for it at the next meeting, if at all this year.
But, pressure is building toward a cut.
Here are the historical facts - When the [...]
Read more:Market
A New Record Set 2007-05-19 14:54:32 http://www.nydailynews.com/news/2007/05/19/2007-05-19_apartment_at_plaza_goes_for_a_big_sum_50.html
<sarcasm>Yep, the panic is setting in. </sarcasm>
Read more:Record
, New Record
Five Years? Some of US are Laughing Now! 2007-05-19 10:49:14 The current hysteria is going to bring about many more of these…
Global warming debunked
By ANDREW SWALLOW - The Timaru Herald | Saturday, 19 May 2007
Climate change will be considered a joke in five years time, meteorologist Augie Auer told the annual meeting of Mid Canterbury Federated Farmers in Ashburton this week.
Man’s contribution to the greenhouse [...]
Read more:Years
, Laughing
, Five Years
This Morning was Catch-Up Time and an Interesting Observation Emerged. 2007-05-16 04:58:00 I subscribe to a large number of email lists and I read them. However, due to family needs I have not stayed on top of them over the last week. So, this morning was catch-up time and I read all of the ones I had put off “for a few days”. It was an interesting [...]
Read more:Morning
, Catch
, Observation
Lenders are Starting to Get It. 2007-05-15 06:11:06 Lenders are faced with a huge backlog of homes from foreclosure. Some are turning to auctions to deal with the backlog.
For the smart investors who have been preparing for this, the next few months are going to be great.
You can read more at http://www.realestatejournal.com/buysell/markettrends/20070515-hagerty.html
Read more:Lenders
Flip This House on A&E - Proof for the Masses it is Fake - Real Investors Already Knew. 2007-05-14 18:01:34 There is a fairly popular show on A&E called Flip This House
that purports to show an investor buying, rehabbing and selling distressed properties. They make it look fast and relatively easy. The original crew, TradeMark Properties in Charleston, SC have left and are now doing The Real Deal on Discovery.
Anyone real investor who has [...]
Read more:Proof
, Masses
, Investors
So, Just What Makes Me Right and Greenspan Wrong? 2007-05-11 21:03:25 I got an interesting email today from one of the readers of the Real Estate Investing Tactics and Tools Investors Can Use email newsletter in response to the most recent article. You can sign up for it at http://reitactics.com and REITactics members at any level can read it at http://reitactics.com/so-just-how-bad-economy-today-really.
What makes you think you are [...]
Read more:Right
, Greenspan
, Wrong
One of the Really Neat Things about the US Economy is it is not Monolithic. 2007-05-10 04:15:00 Therefore, while some areas like California and Florida are seeing declines other areas are seeing increases, some in the double digit area.
Seattle is an area experiencing a double digit appreciation rate now. Other areas doing well that I am personally familiar with are Raleigh-Durham, Charlotte and Houston. There are others but the point is, as [...]
The Builders Nightmare is Heating Up. 2007-05-08 04:21:00 Builders are facing lawsuits from buyers no longer wanting to close.
http://www.realestatejournal.com/buysell/markettrends/20070507-corkery.html
In the latest fallout from the housing market’s decline, disputes are breaking out between builders and buyers who signed contracts for new homes and condos when the market was hot — and now want to get out of them.
Even as many of the new buildings [...]
Read more:Builders
, Nightmare
, Heating
This is the Year of the Buy and Hold Investor 2007-05-07 03:16:00 Yeah, like that is news. Every year is the year of the buy and hold investor because over the long term the buy and hold investor will far surpass the buy and sell investor.
It is true for stocks, bonds and even real estate.
But, 2007 is different in that the real estate flipper is finding new [...]
Read more:Investor
When Does It Click? 2007-05-06 06:06:57 I got a great question in an email yesterday. The writer talked about being new to real estate investing and how there is so much information out there that seems to conflict with other information. Then he summed it all up with, “when does all of it click and make sense?”
Great question.
One reason we have [...]
Read more:Click
, When Does
I Don’t Miss These Conversations At All! 2007-05-03 06:46:05 This morning was the first time the following type of conversation has happened at our house since we pulled our son out of the horrendous government schools…
Mom: (As son walks out of his room) You can’t wear that to school.
Son: Why not? It is an out of uniform day.
Mom: Out of uniform doesn’t mean we [...]
Next Time, I Will Think Twice or More! 2007-05-02 17:04:49 I’ve been getting some email and a private message or two about the mystery author on the premium newsletter and I have to admit, it has made me a little uncomfortable lately because it is not transparent.
I believe in transparency and contrary to that I agreed to keep this persons identity confidential if they would [...]
Read more:Twice
May is Always Special, But This May Marks the Anniversary of Several Milestones. 2007-05-01 03:30:00 Spring is one of my favorite times of year and since May is usually when the spring storms begin to calm down and the temperatures become more consistent I guess that contributes to my fondness for the month.
May also seems to be a milestone month for me. I seem to have more transitions in my [...]
Read more:Special
, Anniversary
I Have No Intention of Turning This into an anti-HousingPanic blog, but… 2007-04-30 17:38:22 I have received a flood of emails from the contact pages where I offered those who really believe what Keith Brand at housingpanic.com spouts a way out of their pain.
Some have been details about houses they want to sell but the others have been really amazing sometimes.
Since I have spam controls in place here it [...]
Read more:Intention
If They Really Believe It, I Guess I Should Help Them Out! 2007-04-28 05:50:00 I’ve been reading a lot of the Housing Panic posts over the last few days and it struck me. That site is probably the best gift a real estate investor can hope to receive!
The message there is always the same. Real Estate is a bad investment. Buyers are fools. Etc.
So, I got to thinking, if [...]
Read more:Guess
Do You Recognize Bad Advice When You See It? 2007-04-18 02:42:00 First, I don’t want you to get the wrong impression. I do not disagree with the general premise of the author whose writings I am about to discuss. Over the long term, it is far better to buy and hold real estate than it is to flip for a quick profit.
My problem with this guy [...]
Read more:Recognize
Ethics Really Do Matter 2007-04-14 08:25:38 I just don’t understand why people make it hard on themselves. There is an exchange over at the Magic Bullets site discussing how to approach a very reluctant homeowner.
One suggestion was to just place a for sale or lease sign in their yard and then when they called, apologize and then try to buy their [...]
Read more:Ethics
I know the posts have been sporadic lately, but hey, this is free and I do it part-time. 2007-04-13 05:47:00 Real Estate investing is not my primary full-time job, nor is the newsletter and REITactics certainly isn’t my primary full-time job.
I know the guru types encourage their followers to quit their jobs as soon as they can afford to do it but in my opinion that is really foolish. For the average person out there, [...]
Read more:posts
, sporadic
, lately
What Happened to the MagicBullets Site? 2007-04-05 03:34:42 The MagicBullets site (http://www.magicbullets.com) has been down for almost 24 hours. Yesterday, I thought maybe they had been hacked since the probing activity on all of my sites has been through the roof lately. Since about mid-day yesterday a generic screen is shown from the hosting provider.
Hopefully, everything will get straightened out because as I’ve [...]
It Has Been A Long Time Between Posts 2007-03-30 20:14:00 My last post was on February 10 and I have seriously considered either dropping this blog entirely or rolling it into the main site at reitactics.com. Sure, there are advantages either way but a number of real world things keep me from doing everything I want to do on-line. Couple that with the comment exchange [...]
Magic Bullets Forums 2007-02-10 05:39:10 I should have posted this before but the forums at magicbullets.com are a very good source for anyone thinking about investing in real estate.
You have to use common sense and ignore the noise but there is some great information there.
If you are starting out or just thinking about investing in real estate that site will [...]
Read more:Magic
, Bullets
, Forums
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