investment: California Notice of Default Law - 02/20/08 02:29 PM
I was just asked this question and had to look it up.I figured it was worthy of a post.In California, if the property is in Notice of Default (NOD), and the purchaser does not occupy the property (Investor), the transaction becomes what is called an Equity Purchase.That's important because … (6 comments)
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investment: Real Estate Investor ? - 06/05/07 10:51 AM
This is Part One in a Three Part series
The System Have you ever seen one of those signs and wondered?"We Pay CASH for Homes!"or the latest incarnation..."Real Estate Investor Apprentice Wanted"Wonder how all these people could pay cash for all those homes?Wonder why the same looking signs have popped up … (3 comments)
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investment: Existing Home Sales for April 2007 - 05/25/07 10:35 AM
The National Association of Realtors just released the data for the existing home sales nationwide.
I have a bias towards the "Existing" figures as opposed to the "New" home sales which were reported yesterday.The Existing numbers are based on facts. Sales that have closed. They also account for 85% of … (0 comments)
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investment: Existing Home Sales UP! - 04/03/07 05:48 PM
Good News!The National Association of Realtors (NAR) released their numbers for Existing Home Sales in February.Internally this is called the PHSI, or Pending Home Sales Index.It tracks the number of contracts signed.Nationally, the number of sales of existing homes rose in February .7% over January numbers.
The biggest gains were in the … (0 comments)
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investment: East Bay, Hot Bed of Defaults - 04/03/07 04:43 PM
I read an article in the Contra Costa Times yesterday.It was also covered by all the news stations."Loan Defaults are the Worst in the East Bay!"Hey, I can see that.I blame all sorts of people here: LINKGood people have been mislead into signing for more house than they can honestly … (0 comments)
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investment: Commercial is Different - 03/19/07 10:14 AM
My main project today is to get to started on a 6 Unit Complex refinance. (Obviously this isn't the property)This is a new client. We met and discussed ideas last week and very late on Friday she bought in the paperwork I requested.Since she is a new client, I'm starting from … (7 comments)
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investment: Volatility Kills - 03/05/07 10:42 AM
Volatility.In Chem class we learned volatility was about how fast something went from liquid to vapor."The higher the volatility the faster our beaker of blue stuff evaporated."I know that because that's exactly what Susie D. (my lab partner) wrote down for Problem 17 on the big test.
And that's exactly what I … (2 comments)
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investment: Fuzzy Numbers - 02/28/07 01:21 PM
Each month we get two reports back to back.The Existing Home Sales Report and the New Home Sales Report.While they sound like they are pretty much the same they are indeed drastically different.The Existing Home Sales Report derives it's figures and data from The National Association of Realtors. It's based on … (0 comments)
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investment: The "Right" Answer - 02/26/07 05:28 PM
As I was talking to a Realtor the other day on Broker Tour,They had happened to see me on the News where the host had asked me the question,
"If you make $90,000 a year and have $25,000 in the bank can you afford to buy in the Bay Area?"The Realtor … (0 comments)
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investment: The Lead Gen Biz - Part One - 02/13/07 07:11 AM
So I caught a little flak over my explanation of the LTree and it's business model.LINKNo biggee.If I get this right, I am the "Flak-er", and they would be the "Flak-ees".The Flak-ees reactions ranged from the standard issue knee jerk "Duh", to eye opening wild disbelief.Let's do this in two parts:
Part … (8 comments)
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investment: Scarcity is a Value - 02/06/07 11:42 AM
Over the weekend we held our Investing in Real Estate: 101 seminar.We filled the big room of the Walnut Creek Marriott. 150 people if I heard right.No room for walk ins.I heard nothing but good comments so far.One of the best things (I think) in doing these seminars is that each … (7 comments)
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investment: BUY, SELL, HOLD - 02/01/07 10:56 AM
We're doing another Investing in Real Estate 101 seminar this weekend.This one will be at the local Marriott in their largest room.And guess what?I just found out we're overbooked!Not only are we sold out, we're really oversold!"I'm sorry Mr. and Mrs. Smith we're going to have to bump you to a … (1 comments)
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investment: FOMC Meeting today and tomorrow - 01/30/07 10:12 AM
As you may know, the Fed's are meeting today.It's a two day meeting, where they'll announce tomorrow.The statement will be released at 11:15 Pacific time.So there's a pause in the markets today.We've seen the 10 yr. react in a general upwards direction.It opened this morning at 4.87%It's still a matter of … (0 comments)
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investment: The Right Answer - 01/26/07 03:35 PM
As I was talking to a Realtor yesterday on Broker Tour,They had happened to see me on the 4 PM News where the host had asked me the question, "If you make $90,000 a year and have $25,000 in the bank can you afford to buy in the Bay Area?"The Realtor … (0 comments)
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investment: Existing Home Sales Report - 01/26/07 03:32 PM
As promised, here's a better look at the existing home sales numbers with an eye towards the bay area.If you were watching the headlines yesterday, you saw the world coming to an end!It's the natural sensationalistic thing to do.Is that a word?It should be!Headlines like:"Existing Home Sales Tumble in 2006""Existing Home … (0 comments)
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