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mortgage strategy: Property Flippers – Time to REFINANCE and think Buy & Hold - 08/23/07 01:36 PM
Over the years I have been blessed to work with many seasoned and knowledgeable real estate investors. At the same time I've met many people starting out on the Carlton Sheets plan to wealth....or perhaps not to poverty....but either way I've met some that made it and some that lost it all.
LEGAL property "flipping" is the concept of financial investing 101....buy low, sell high.  But if you don't keep in mind economics 101....supply vs. demand...you will get burned.
Right now in the Texas market foreclosures are up over 50% over last year. That means...more foreclosures, short sales and homeowners selling to avoid … (3 comments)

mortgage strategy: Why Putting 20% Down or More in Texas Makes No Sense - 12/11/06 11:08 AM
First and foremost, keep in mind that Texas is a foreign country. We only joined the union like 6 years ago so we still do things a mite different down here. My point is that there's no need to shoot holes in this proposal because it doesn't fit Arizona. ok?
First, some background. Every other state in the US of A allows a homeowner to borrow up to 100% of the equity in their home. Mortgage Lenders may determine if a particular applicant is eligible for that much financing, but my point is that the state stays out of it.
But that's … (5 comments)

 
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Ken Stampe iBrandPlan

Dallas, TX

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