mulitfamily: New Commercial/MultiFamily Inspection Form Released by MBA - 05/30/08 05:28 PM
The Mortgage Bankers Association (MBA) recently announced the completion and implementation of a new commercial/multifamily real estate property inspection form for various property types including Office, Retail, Multifamily, Healthcare, Lodging and Industrial.The updated inspection form already has industry-wide adoption by servicers for all funding sources including Fannie Mae and Freddie Mac. … (1 comments)
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mulitfamily: Today in St Louis - June 4, 2007 - 06/04/07 10:15 PM
Our friend, Dr. Ben Bohren, visited over the weekend. He arrived Thursday and flew out this morning. Ben is a minister with the Christian Church of Northern California-Nevada. The CCNC-N is the presence of the Christian Church (Disciples of Christ) in the northern half of the states of California and Nevada. … (0 comments)
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mulitfamily: New Price on Tower Grove South Home - 06/02/07 02:07 PM
New price on this adorable cottage in Tower Grove South, just 4 blocks south of the park. Seller lived here for many years and lovingly maintained this home. It is clean, clean, clean, and has so much to offer. The main floor consists of the livingroom, diningroom, kitchen, 2 bedrooms, full … (0 comments)
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mulitfamily: Today in St Louis - May 22, 2007 - 05/22/07 03:29 PM
Got back into town yesterday, and will probably leave town again on Thursday for the Memorial Day weekend. I am finding it very difficult to get motivated to do anything real estate related this week. Not much is going on, and I just can't seem to get focused for a couple of … (2 comments)
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mulitfamily: Happy Birthday Mom Horman - 05/17/07 01:22 PM
I just wanted to take a moment to wish Mom Horman a Happy 80th Birthday. I also wanted to pay tribute to this amazing woman. We are celebrating her birthday this Sunday, but her actual birthday is Tuesday, May 22. Her children and grandchildren have been planning the event for months. … (0 comments)
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mulitfamily: Today in St Louis - May 17, 2007 - 05/17/07 12:41 PM
It's the season for graduations. We have five of them in the family - four from high school and one from nursing school. We are attending only one of the ceremonies, but everyone will get cards and cash. I need to get them in the mail....
I loved the saying in one … (0 comments)
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mulitfamily: Today in St Louis - May 15, 2007 - 05/15/07 05:02 PM
Well, I got word today that I didn't get the listing on Alfred. The seller's reason was that my evaluation of the list price for their home was too low. I told them they needed to be around $130,000 or less. They are being relocated, and acted like they wanted a … (0 comments)
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mulitfamily: Listing Appointments - A Question... - 05/12/07 03:59 PM
Normally, I try to break up my listing appointments into two meetings. The first meeting is to just meet the potential clients and build repport, walk through the house, see for myself the condition and ammenities, and take notes. On the second appointment, I present my listing presentation, my marketing plan, … (20 comments)
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mulitfamily: Today in St Louis - May 11, 2007 - 05/11/07 09:07 PM
Thank goodness it's Friday. No reason, really, just glad it's the weekend... It rained again today, so no yard work was done. I got the landscaping planted at the first Miami property, but it began raining before I could get started on the property across the street. It poured yesterday afternoon. … (2 comments)
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mulitfamily: Today in St Louis - May 10, 2007 - 05/10/07 10:43 AM
I facilitated a KWU class last week on "Buyer Mastery - Succeecing in a Buyer's Market." We covered some buyer "myths and truths" that exist in today's market:
Buyer Myth 1: "I can take my time because I have all these choices."
Truth: In any market, the best properties go quickly. Act on … (2 comments)
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mulitfamily: Today in St Louis - May 9, 2007 - 05/09/07 08:29 PM
I have a clipping on the board above my desk. I believe it's from an old Ann Landers column. I try to read it regularly, as it reminds me to be thankful for the many blessings I have received:
"If you woke up this morning with more health than illness... you are more blessed … (1 comments)
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mulitfamily: A Cool Virtual Tour Site - 05/09/07 11:51 AM
Last week I posted that I was checking out different virtual tour sites. I have tried out http://www.realestateshows/ and love it. Normally, the price to join was $125, but Jeff Turner, president of the company, responded and let me know that for members of Activerain the cost was only $99.95. Visit this … (0 comments)
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mulitfamily: Today in St Louis - May 8, 2007 - 05/08/07 01:05 PM
We have a clear occupancy inspection on the Wyoming listing! I met the inspector there this morning. After a ten minute walk-thu, he said everything looks fine and said the certificate would be in the mail. I knew this would be an easy one. I installed three smoke detectors and three … (0 comments)
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mulitfamily: Today in St Louis - May 7, 2007 - 05/07/07 10:36 PM
Just got back from visiting some friends who live in Lake Saint Louis. It's beautiful out there, but quite a drive from the city. They have a large front yard that slopes fairly steeply down to the street. It is terraced somewhat, but pretty overgrown. They were wanting my opinion on how to landscape the area. I love … (0 comments)
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mulitfamily: Virtual Media/Tours: Which is best? - 05/05/07 05:47 PM
I've been considering changing from the virtual tour I have been using. They are a local company and do great photography. They also upload the tour to Realtor.com for me. They are busy, and try to be accomodating, but it's sometimes a hassle to get the shot scheduled. They are rather … (21 comments)
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mulitfamily: Today in St Louis - May 5, 2007 - 05/05/07 04:48 PM
Here are the weekly market statisticss for the city of St. Louis. The information was gathered from the local multiple listing service:
There were 125 active listings. Prices ranged from $17,900 to $1,295,000.
There were 40 contingent/option listings. Prices ranged from $24,000 to $589,000.
There were 84 pending listings. Prices ranged from $13,000 to $570,000.
There … (1 comments)
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mulitfamily: Today in St Louis - May 3, 2007 - 05/03/07 09:03 PM
Just came back from doing some work on the Wyoming listing. The occupancy inspection is on Tuesday, and I wanted to be ready for him. I installed three smoke detectors and three gfci outlets. The seller is elderly and wouldn't be able to do it. It didn't take that long to … (0 comments)
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mulitfamily: Today in St Louis - May 2, 2007 - 05/02/07 09:08 PM
Yesterday I facilitated a class at our Keller Williams Southwest office. This was one class out of a seventeen session series called: "Priciples of Lead Generation and Prospecting to Grow Your Business". These classes are held on Tuesdays and Thursdays from 12:00 - 1:30 pm. My class was on "Chapter … (0 comments)
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mulitfamily: Today in St Louis - May 1, 2007 - 05/01/07 08:47 PM
I wanted to share some more from the seminar I attended last week. It was a seminar on the Foreclosure market, sponsored by the Wealth Intelligence Academy. The classes were Thursday, Friday, and Saturday. I thought the seminar was informative, even though we knew it was a teaser seminar to get … (0 comments)
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mulitfamily: Today in St Louis - April 30, 2007 - 04/30/07 12:02 PM
It's been a long weekend. Friday evening, my lower back began to hurt. By late in the evening, I could hardly move. Saturday, I was bed-ridden for most of the day. When I was able to pull myself out of bed, walking was horrible, and I had to crawl up and … (0 comments)
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mulitfamily: Today in St Louis - April 26, 2007 - 04/26/07 08:52 PM
It's chilly again. We had rainshowers today, and a cold front came through. The attic fan will not run tonight....
We are in a three-day seminar, today being the first day. We also go tomorrow and all day Saturday. This seminar is just the teaser; they want you to take the specialized … (2 comments)
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mulitfamily: Today in St Louis - April 25, 2007 - 04/25/07 10:20 PM
Just got a call from an agent telling me he is going to get together with his clients around 10:00 pm tonight to write an offer on my Alberta listing. I'm in classes all day tomorrow, Friday, and Saturday, so I will have to present it in the evening. Not too bad … (0 comments)
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mulitfamily: New Listing in St Louis - 4108 Wyoming Street - 04/25/07 08:30 PM
4108 Wyoming Street, St Louis, MO 63116
ML# 729558
Listed at $149,900.
This is a great price for a four bedroom, 1.5 bath home in Tower Grove South - just four blocks south of the park.
Put this one on your list to see! Homes like this one don't come available often. Seller lived here for … (1 comments)
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mulitfamily: Today in St Louis - April 24, 2007 - 04/24/07 08:38 PM
We had our bi-weekly office meeting today. Usually, our meetings are followed by a presentation on various topics related to sales or real estate. Today, the topic was Negotiating for Realtors. I wanted to share some hightlights:
1. Keep your emotions out of it. Always be the steady and stable one for your … (0 comments)
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mulitfamily: New Listing in St Louis - 2 Family Flat For Sale - 3637 Alberta St - 04/18/07 09:46 PM
Just entered in the MLS today! Attention investors!
3637 Alberta St. St. Louis, MO 63116
Two family flat in South City. ML# 727714.
Listed at $95,000.
Great price on this 2-family that needs some work. The expensive repairs have already been taken care of here - new roof and spot tuckpointing in fall 2006; replacement windows … (2 comments)
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mulitfamily: Today in St Louis - April 17, 2007 - 04/17/07 10:51 PM
Dennis and I went to a seminar on 1031 Tax Exchanges this evening. It was sponsored by the Des Peres Keller Williams office. The material was presented by Coleen Howell, a Vice President with LandAmerica-Commonwealth Title Company. As we are considering moving up from our two-families to larger investment properties in … (3 comments)
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mulitfamily: Today in St Louis - April 16, 2007 - 04/16/07 08:50 PM
I wanted to share an exerpt from a speech given by Nelson Mandela at his inaguration in 1994. It was originally attributed to Marianne Williamson. This is so profound, and it is another clipping I keep posted on the board above my desk:
Our Deeped Fear
Our deepest fear is not that we … (0 comments)
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mulitfamily: Today in St Louis - April 15, 2007 - 04/15/07 02:30 PM
Beautiful day today compared with the past two days. It was so dreary and rainy yesterday I did not want to leave the house... Today is partly sunny with temperatures in the fifties - still chilly compared with what it was, but at least it's not raining...
Following are the market statistics … (1 comments)
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mulitfamily: Today in St Louis - April 12, 2007 - 04/12/07 03:04 PM
I have a clipping of an article tacked to the bulletin board above my desk. I believe it's from the Missouri Realtor Magazine that came out right before the MAR Convention & Expo. It told about the feature presentation that would be presented by Mike Schlappi. Mr Schlappi, who was paralyzed … (0 comments)
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mulitfamily: Kodak EasyShare V705 Camera - Interior Shots - 04/11/07 06:26 PM
Yesterday, I shared some outside shots I took with my new Kodak EasyShare V705 Camera. Today, I wanted to share some interior shots I took to demonstrate how well I feel the camera performs on interior shoots. I used my own home as the example. Just so you know, I am … (6 comments)
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mulitfamily: Today in St Louis - April 11, 2007 - 04/11/07 10:18 AM
I earned my GRI Designation in August 2000. This is another designation I recommend other Realtors work toward earning. Following is information on the GRI Designation (compiled from the NAR website).
The GRI symbol is the mark of a real estate professional who has made the commitment to provide a high level of professional services by securing … (1 comments)
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mulitfamily: Kodak EasyShare V705 Camera - 04/10/07 05:13 PM
It was high time to get a new digital camera, but I didn't know where to begin. I was using an old Sony digital camera that used a floppy disk. For outside, the pics were alright, but for inside and low light situations, it was not cutting the mustard. I checked … (11 comments)
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mulitfamily: Today in St Louis - April 10, 2007 - 04/10/07 11:04 AM
I was fortunate to earn my ABR designation in 2001, and it is one I highly suggest to newer Realtors, and experienced Realtors, too. Following is information (gathered from the REBAC website) on the Accredited Buyer Representative designation and REBAC, The Real Estate Buyers Agent Council. Hopefully, this information will be helpful to others considering furthering … (0 comments)
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mulitfamily: Today in St Louis - April 6, 2007 - 04/06/07 09:45 AM
I updated my CRS website this morning, and I added the link from my CRS page to the links at the right on this page.
I feel the general public does not understand what these designations mean. Following is a description of the CRS designation, from the CRS website:
What's a CRS?
The Certified … (0 comments)
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mulitfamily: Today in St Louis - April 5, 2007 - 04/05/07 10:24 PM
Dennis, Kim & I went to a seminar this evening. It was a seminar on the foreclosure market. Following are some notes from the discussion. We have signed up to take the three-day class - $199 for two people did not sound bad at all. We shall see... If we just learn a … (2 comments)
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mulitfamily: Today in St Louis - April 3, 2007 - 04/03/07 02:23 PM
Stormy day today, and the temps are dropping. Supposed to have near freezing temps for the next several nights. What a change...
I wanted to share some information about a situation that occured on the Tholozan property last week. It's a two-family, with one side rented. The listing agent several times told … (1 comments)
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mulitfamily: Today in St Louis - April 2, 2007 - 04/02/07 04:01 PM
Another beautiful day in St Louis. My thermometer reads 82 degrees. We're told it's not going to last, though, with a rapid cool-down towards the end of the week.
The Cardinals lost 6-1 to the Mets last night on their opening night start. This makes the third lost home opener in the … (0 comments)
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mulitfamily: Today in St Louis - April 1, 2007 - 04/01/07 09:33 AM
April Fool's Day - And Cardinals' Opening Day at Busch Stadium. The 2006 World Series Champions will take the field against the Mets this evening. This Opening Day is a much anticipated holiday for many in the St Louis area.
After the storms yesterday, the weather should be pleasant for the pre-game … (1 comments)
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mulitfamily: Today in St Louis - March 29, 2007 - 03/29/07 08:35 PM
Closed my last two properties for the month today. The Pinetree Lane deal closed first and then the Tholozan property closed at 11:30 am. The earlier closing went very smoothly; the Tholozan closing had last minute glitches. It was an FHA deal, and this one just required so much more documentation … (0 comments)
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mulitfamily: Today in St Louis - March 28, 2007 - 03/28/07 09:05 PM
Closed on the McDonald house today. It was a smooth closing. Had the walk-through at 9:00 am and the closing at 10:00. I was happy for the buyer and the seller on this one. I had this home listed last year for 6 months. I really loved the seller, an elderly … (2 comments)
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mulitfamily: Today in St Louis - March 27, 2007 - 03/27/07 08:18 PM
Busy day today. Office meeting this morning. Errands after that. This afternoon, I applied the second coat of varnish on four doors of the Miami properties. Two coats will have to be enough. They will be protected by storm doors, so the finish should last longer. Dennis has been painting door … (0 comments)
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mulitfamily: Today in St Louis - March 26, 2007 - 03/26/07 08:36 PM
I've been reading the book titled, " The Dream Cycle," by Steve Moore. I wanted to share some exerpts that I am finding helpful. This is pretty powerful stuff, I believe....
"Every one of us is on a journey toward who we want to be, who we were meant to be, and what … (0 comments)
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mulitfamily: Today in St Louis - March 24, 2007 - 03/24/07 09:36 PM
Weekly statistics for residential properties in the city of St Louis. Figures were gathered from the local multiple listing service.
New Listings - 159; list prices between $22,500 to $1,775,000.
Contingent/Option Listings - 43 - priced between $49,900 and $299,900.
Pending Listings - 62 - priced between $16,900 and $795,000.
Sold Listings - 58 - … (0 comments)
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mulitfamily: Today in St Louis - March 22, 2007 - 03/22/07 08:55 PM
Closed on both the Chippewa property and Bancroft properties today. Everything went very smooth, as I had hoped. I do try very hard to stay on top of things during the deals, so the closings usually are very smooth. There sometimes are some last minute glitches, but they're minor, and can … (0 comments)
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mulitfamily: Today in St Louis - March 22, 2007 - 03/21/07 10:50 PM
Spring is here. The daffodils are blooming. It was in the 70's today! I love it!
Got through my last inspection notice resolution for the month today. Had a walk-through this evening with my buyers on the Chippewa property. It went fine. The buyer also had his walk-through on my Bancroft listing … (0 comments)
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mulitfamily: Today in St Louis - March 20, 2007 - 03/20/07 11:13 AM
I have been blessed to work with some great realtors this month. I'm closing five deals this month, more than I have ever closed in a month, and on each deal, so far, the agents have been terrific. They have been friendly, helpful, and it's really been a pleasure working with … (0 comments)
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mulitfamily: Today in St Louis - March 19, 2007 - 03/19/07 10:37 PM
I've been reading the book by Robert Kiyosaki, titled: Retire Young, Retire Rich. I've read his other books: Rich Dad, Poor Dad, Cash Flow Quadrant, Rich Dad Poor Dad. I do love his books, and find them very eduational and motivational. Here's a passage that I have found applies to me. … (1 comments)
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mulitfamily: Today in St Louis - March 18, 2007 - 03/18/07 10:02 PM
Resolved another Inspection Notice today. Have one more to resolve this week. Pretty sure we'll get all parties to come together on that one, too.
We had a great time yesterday at the St Patrick's Day Parade in Dogtown. It was chilly, and it snowed the entire time, but that didn't hinder the … (7 comments)
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mulitfamily: Today in St Louis - March 16, 2007 - 03/16/07 12:08 PM
This weeks market report for St Louis City homes (Areas 1, 2, 3). Statistics gathered from the local multiple listing service.
There have been 159 new listings; prices range from $39,900 - $549,000.
There have been 26 that have gone under contract (contingent/option); prices range from $83,250 - $498,000.
There have been 68 homes that … (2 comments)
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mulitfamily: Today in St Louis - March 15, 2007 - 03/15/07 09:59 PM
Looking forward to this Saturday - St. Patrick's Day! I've missed the parades the past couple of years, but if the weather is willing, I will be out wearing my Green to the parade.
St Louis has two St. Patrick's day parades. Usually, they are on different days, but this year they both … (0 comments)
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mulitfamily: Today in St Louis - March 14, 2007 - 03/14/07 10:43 PM
My partner listed his rehabbed apartment on Craigslist.org this evening, and I wanted to share the info. This is a really nice one. I should know; I've done alot of the finish work on it....
Newly rehabbed one bedroom apartment for lease in Tower Grove South - first floor of a two … (1 comments)
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mulitfamily: Today in St Louis - March 13, 2007 - 03/13/07 09:30 PM
I responded to a post yesterday about the need for unmarried couples to plan ahead when it comes to powers of attorneys, medical directives, wills. I wanted to share our story. This is a very important issue. Don't put it off!
"I cannot stress enough the need for this kind of planning. My partner and I had … (2 comments)
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mulitfamily: Today in St Louis - March 12, 2007 - 03/12/07 10:08 PM
I wanted to follow up on what I wrote on Friday evening. It was regarding Laclede Gas, and how I was not happy with the inspection on the ranch in Webster Groves. I had called and let the listing agent know about the gas leak, but that was how I left … (1 comments)
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mulitfamily: Today in St Louis - March 9, 2007 - 03/09/07 08:38 PM
Market Report for the week of March 9 in the city of St Louis (Areas 1, 2, 3) - Figures from the St Louis Multiple Listing Service:
Active listings - 171 - Range in price from 12,900 - 625,000.
Contingents listings - 39 - Range in price from 48,000 - 1,275,000.
… (0 comments)
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mulitfamily: Today in St Louis - March 8, 2007 - 03/08/07 09:21 PM
Had two building inspections yesterday. The first one took almost three hours, and the second one lasted for four hours. The second one was on the two-family, and the seller was there to let us into the rented side. He was there the entire time, which made for an interesting afternoon. … (2 comments)
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mulitfamily: Today in St Louis - March 6, 2007 - 03/06/07 09:35 PM
Wow! What a great past couple of days. I wrote a contract on a two-family on Thursday and got it accepted on the same day. Then on Friday, I showed a new buyer two houses, and she wrote on the second one. That contract was accepted yesterday ( a ranch in … (0 comments)
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mulitfamily: Today in St Louis - March 1, 2007 - 03/01/07 09:55 PM
Woke up to thundershowers. Partly cloudy the rest of the day. By afternoon, the wind had picked up, and it's been really gusty since then - colder, too. Tornados in Alabama and Southeast Missouri with deaths, injuries, and much damage. What a terrible morning for some. My heart goes out to … (2 comments)
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mulitfamily: Today in St Louis - February 28, 2007 - 02/28/07 08:41 PM
Had a beautiful day today in St Louis, sunny and close to 60 degrees. Maybe Spring is finally on the way. I can't wait to get out and work in the yard. I am a big gardener, and I love working in the dirt.
I guess I come by it naturally. … (0 comments)
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mulitfamily: The Sewer Scope Inspection - A Must for Home Buyers - February 27, 2007 - 02/27/07 09:45 PM
I scheduled a sewer scope inspection for the Chippewa property, and met Eric, with Drainco at the property today around noon. The seller had provided a tape of a sewer scope inspection they had done last fall. I picked it up Saturday from the listing agent's office. I thought maybe I … (1 comments)
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mulitfamily: February 26, 2007 Evening - 02/26/07 10:25 PM
… (2 comments)
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mulitfamily: February 26, 2007 - 02/26/07 09:58 PM
Our team leader shared this information with us, so I wanted to pass it along...
The Seven Deadly Sins of Real Estate Prospecting
Real estate prospecting is essential to success in real estate. It's a key ingredient that will help you earn and get paid the amounts of money you want to make each year. Yet, so many … (1 comments)
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mulitfamily: February 25, 2007 - 02/25/07 11:39 AM
Rained off and on all day yesterday, sometimes heavy. Today just dreary, windy, cold and a few snow flurries.
Took a new buyer out for the first time yesterday evening. Started at 4:00 pm and were finished a little after 7;00 pm. Viewed eight properties. We did great on time. Just about got … (0 comments)
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mulitfamily: February 23, 2007 - 02/23/07 03:59 PM
Applied second coat of poly on the floors on the Miami property. They took longer to dry than expected. I did not have the heat on because I thought it would be too dangerous (fumes/explosion), but the directions said that as long as there was no open flames it should be … (0 comments)
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mulitfamily: Tim Tanz - My Blog - 02/17/07 10:19 PM
htt://timtanz.blogspot.com
… (3 comments)
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mulitfamily: NAR Field Guides for Investing In Commercial Property and Land - 10/11/06 06:03 PM
The NAR provides a wide range and depth of resources and support for commercial real estate. It has developed Field Guides (online information and resources) covering many of the areas of interest to commercial investors, owners and managers of commercial property and land. There is information that is introductory and tutorial as well … (1 comments)
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