real estate investing: Don't Go To Jail, Collect Your $200 - 03/25/08 10:56 AM
Don't Go To Jail, Collect Your $200 by Bill Roberts I received an email the other day from an ActiveRain member asking about using his Self-Directed IRA to buy a house that he could "rent" to his son. I want to respond to this by saying that a Self-Directed IRA should be
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real estate investing: Timing the Market - 03/03/08 11:20 AM
Timing the Market by Bill Roberts Qualcomm is a local high tech company here in San Diego. Owning their stock has made quite few of their employees and other local people Millionaires. I figured that everybody could understand making money this way. You simply bought Qualcomm stock in the beginning and sold
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real estate investing: Memories Or Just Getting Old - 02/29/08 11:39 AM
Memories Or Just Getting Old by Bill Roberts My wife was off work today and she wanted to watch Rachael Ray. OK, I like to cook so I used to watch her on Food Network all the time so I said "sure, let's watch her." Lara Spencer, another of my "faves" from the
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real estate investing: Money, Money Everywhere - 02/27/08 06:27 PM
Money, Money Everywhere by Bill Roberts Every newscast talks about the economy, the mortgage meltdown, and what the government is doing about it. I'm sure that by now you realize that the housing crisis was brought on by the Fed's actions vis-à-vis interest rates. They (specifically Greenspan and Bernanke) destabilized the mortgage market,
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real estate investing: The Big Money Mystery of 2008 - 02/27/08 12:45 PM
The Big Money Mystery of 2008 by Bill Roberts Everybody has an opinion about the Mortgage Meltdown. Everybody has a suggestion about how to "fix" it or prevent another occurrence. I have my doubts about all this. My friend Bill Archambault writes extensively about all aspects of the mortgage industry. If you don't know
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real estate investing: Not Again! A Real Estate Market Update - 02/27/08 11:18 AM
Not Again! A Real Estate Market Update by Bill Roberts This morning on the CBS Early Show Mark Zandy, the Chief Economist for Moody's economy.com said that he expects another 10% decline in real estate values over the next twelve months. Why are they doing this? Haven't they fueled this market decline enough?
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real estate investing: Spiderwick Chronicles - Not Really A Review - 02/25/08 11:46 AM
Spiderwick Chronicles - Not Really A Review by Bill Roberts Yesterday we went to see Spiderwick Chronicles. It is a Nickelodeon production so I thought it must be "kid friendly." It just goes to show how out-of-touch I am. The special effects were great. It is a combination of "live" actors and
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real estate investing: Hey Super Agent What Do You Want? - 02/23/08 02:34 PM
Hey Super Agent What Do You Want? by Bill Roberts Lenn Harley recently posted HOW TO SUCCEED IN REAL ESTATE SALES. GET REINTERMEDIATED . It was "Featured" so you may have read it. If you haven't read it you should. I read and then commented on her post: Lenn, As we take back the business, we
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real estate investing: Suspend "Due On Sale," Fix The Problem - 02/22/08 04:27 PM
Suspend "Due On Sale," Fix The Problem by Bill Roberts Back in the good ol' days when we could buy property subject to the existing financing and there was nothing the bank could do about it, anybody could buy real estate. Qualifying wasn't an issue. If a seller was "in trouble" it
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real estate investing: What This Country Needs Is A Good 5% Home Loan - 02/19/08 10:54 AM
What This Country Needs Is A Good 5% Home Loan by Bill Roberts Here we are in the middle of a mortgage meltdown and a presidential campaign. What good can come from all this? One of the things that has really bugged me is all the negative comments made about people that couldn't qualify
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real estate investing: What Do You Do During A Recession? - 02/11/08 12:21 PM
What Do You Do During A Recession? By Bill Roberts For the most part economic activity slows down during a recession. That is actually the definition of a recession: two successive quarters of decreased economic activity. There are various technical descriptions but this is good enough for our purposes. Recessions always lead to
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real estate investing: How to Find Land - 02/08/08 12:03 PM
How to Find Land By Bill Roberts Man has always had the urge to find new lands. It is what led to the discovery of the New World. It is what pushed us west from the Eastern Seaboard. But just because all the land has been discovered doesn't mean that our thirst for
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real estate investing: How Low Can You Go? - 01/31/08 06:29 PM
How Low Can You Go? By Bill Roberts I've been hearing a lot of criticism of the NAR's campaign that now is a good time to buy real estate. It seems that these self-professed experts on economics and the real estate markets think that this campaign reflects badly on Realtor's® because they
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real estate investing: Elements of Retirement Planning - 01/30/08 03:09 PM
Elements of Retirement Planning by retirement planning specialist Bill Roberts If you are not yet retired (and maybe even if you are) there are things you need to know about planning for that (dreaded) day when you quit working (at your regular job). Is it going to be a walk in the park?
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real estate investing: Lying In America - 01/29/08 10:33 AM
Lying In America by Bill Roberts It would seem that lying is not acceptable in America. Look what happened to Martha Stewart. When they couldn't ‘get" her for insider trading, they got her for lying to a federal investigator. But what about when the police lie? The other night on the CBS show 48
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real estate investing: Buy Low, Sell High - 01/26/08 11:47 AM
Buy Low, Sell High by Bill Roberts All the stock market pundits echo this mantra but then they advise just the opposite in their specific recommendations. When prices are going down they say "SELL" and when prices are going up they say "BUY." The technical analyst looks for a "breakout" formation before
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real estate investing: Have You Ridden The REO Express? - 01/25/08 01:49 PM
Have You Ridden The REO Express? by Bill Roberts This morning on Good Morning America there was a story about a bus tour of foreclosed houses. I think it was in Pismo Beach, California, but it could have been anywhere. Apparently they charge $20 a head and they take a busload (what's
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real estate investing: What Good Is A Neg Am Loan? - 01/20/08 11:04 AM
What Good Is A Neg Am Loan? by Bill Roberts There is a lot of talk lately about people getting stuck with PAY OPTION ARMs that are really negative amortization loans. The general consensus seems to be that the mortgage industry really took advantage of people with these types of loans. It
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real estate investing: Baby Boomer Retirement Planning - The Basics - 01/20/08 10:53 AM
Baby Boomer Retirement Planning - The Basics by Bill Roberts Retirement Planning is like planning for a trip. You can't really do much planning if you don't know where you want to end up. Just putting a little money aside with the idea that you'll need it when you retire is kind
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real estate investing: A Special Request and A Special Gift - 01/11/08 11:50 AM
A Special Request and A Special Gift by Bill Roberts My ActiveRain friend from Kansas City, Chris Lengquist asked me to write a guest post for his blog, BBQCapital. Chris is in an area of the country that a lot of us can only envy. Income property actually produces income even with
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real estate investing: A Penny For Your Thoughts - On Second Thought You Better Make That A Dollar - 01/08/08 05:18 PM
A Penny For Your Thoughts - On Second Thought You Better Make That A Dollar by Bill Roberts I recently read an article by Matt Heaton explaining the role of the Fed on interest rates: Why does no one in the media understand The FED? I wrote my own take on this: Greenspan,
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real estate investing: Why Buy Land? - 01/07/08 11:52 AM
Why Buy Land? By Bill Roberts I am always hearing people say "I would never buy raw land." It's like they don't know that it is land that appreciates. They think that only improved property appreciates. But actually it is the land component of improved property that appreciates, not the structure. The
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real estate investing: How Much Should I Offer For Your House? - 01/07/08 10:55 AM
How Much Should I Offer For Your House? by Bill Roberts We are well into a BUYER'S MARKET. Some people think this means that you can "steal" any piece of property that catches your eye. It doesn't matter what the seller wants, or needs, or even what the comps are. You smell
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real estate investing: Happy New Year - 12/29/07 01:57 PM
Happy New Year from Bill Roberts Here we are. The old year is almost over. The new year is just around the corner. 2007 was certainly an "interesting" year. Real Estate may never be the same. Personally, I hope it won't ever be the same. I'm an eternal optimist. I think it is
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real estate investing: Are You Ready For 2008? - 12/29/07 01:51 PM
Are You Ready For 2008? By Bill Roberts As New Year's Day approaches, we begin thinking about our New Year's resolutions. But we should also be developing our Business Plan for 2008. A business plan is a budget created around a set of goals, along with a "plan" which lays out how you
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real estate investing: If You Buy Investment Real Estate What's The Most You Can Lose? Part 2 - 12/19/07 02:04 PM
If You Buy Investment Real Estate What's The Most You Can Lose? Part 2 by Bill Roberts You really need to read Part 1 for this to make sense. Just to recap the basic scenario: Some might say it is the property. You could get foreclosed and lose the property. Do you think that
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real estate investing: If You Buy Investment Real Estate What's The Most You Can Lose? - 12/17/07 02:13 PM
If You Buy Investment Real Estate What's The Most You Can Lose? by Bill Roberts Some might say it is the property. You could get foreclosed and lose the property. Do you think that is the right answer? Well the answer is NO that is not all you can lose. You could lose everything
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real estate investing: Broker's RoundTable Notes 7 - 11/15/07 04:00 PM
Broker's RoundTable Notes 7 by Bill Roberts We had another meeting of the San Diego chapter of The Mike Watson Institute Broker's RoundTable last night. As usual, we had about twenty-five serious real estate investors in attendance. Membership is comprised of students of Mike Watson from various disciplines within real estate. We have
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real estate investing: Who Has a Right to a Short Sale? - 10/30/07 02:49 PM
Who Has a Right to a Short Sale? by Bill Roberts There is a lot of whining and crying going on in this industry about how hard banks are making it to do short sales. Some say it is as if they don't want to do the short sales and are pushing
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real estate investing: Broker RoundTable Notes 5 - 09/20/07 12:14 PM
Broker RoundTable Notes 5 by Bill Roberts Last night we had our semi-monthly Broker RoundTable meeting of the Mike Watson Institute of Real Estate Investing. We had about twenty people in attendance. The membership is made up of Mike Watson students. Most of us are real estate brokers but some are investors,
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real estate investing: Broker RoundTable Notes 3 - 08/23/07 01:54 PM
Last night The Mike Watson Institute of Real Estate Investing (MWI) had our semi-monthly meeting. It was actually our only meeting this month because Mike Watson had a "camp" in Scottsdale earlier in the month. His subject was "How to Retire in 5 Years." Anyway, our meeting began with the introduction of
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real estate investing: Divvying Up the Spoils - 07/19/07 06:19 PM
Whenever an investment group does a deal, there is always a question of who gets what out of the transaction. Some put in more money than others, some do more work than others. It wouldn't be fair for everybody to get the same share. OK then, what would be fair? This is
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