the real estate investment institute: Do Favorite Words Influence Your Life
- 01/25/08 04:14 AM
Do you have a favorite word? Do favorite words influence your life or does your life influence your favorite words? A favorite word, color, flower, song it all sounds sort of juvenile if not down right childish! Doesn't it? Have you ever considered why kids have these favorites? I've concluded that child and adult a like, adopt these seemingly frivolous favorites because they are comforting. As adults we too seek comfort and inspiration in these simple things. I have favorites and they do comfort and inspire me. My favorite song has to be the Beach Boy's "I Get Around" because it so well describes … (16 comments)
the real estate investment institute: A Simple Idea
- 01/24/08 01:47 PM
I have an idea to help upside down/negative equity home owners. Congress could have Fannie Mea, Freddie Mac, and Genie Mae to refinance existing loans to 80% of the current value, while subordinating the remaining balance to second position, and recasting it over the remaining term. This could also be extended to non-owner occupied investment properties at a slighter lower LTV, just like new NOO loans. The new loan at 80% LTV would be secure. The new second even though it exceeds 100% Loan To Value (LTV) would be no less secure if the cost were paid out of, Yield Spread Premium (YSP), Service … (20 comments)
the real estate investment institute: Do I Open Your E-mails?
- 01/23/08 08:22 AM
Do you use e-mail? Do your e-mails get opened? Do your readers take you seriously? Do you want to be though of as a professional? Do you look bad even before your mail is opened? Do you want to be taken seriously? Do you do business using a free mail service? Do you have an investable $27.00 a year? Do you have a personal web domain? Do you have a business web domain? Do you understand that that doing business as supperdupperlender@hotmail.com is a joke? Do you understand that doing business as bill38749@hotmail.com is also a joke? Bill William J Archambault Jr The Real Estate Investment Institute wja@reii.org reii as in The Real Estate … (2 comments)
the real estate investment institute: I Too Have A Dream
- 01/21/08 07:42 AM
Today as we pause in the middle of political debauchery to honor the memory of Martin Luther King, I too dream of equal opportunity, equal housing opportunity! Equal access to security through real estate ownership! Dr. King talked of people being "stripped of their selfhood and robbed of their dignity by signs stating FOR WHITES ONLY!" Can we be any less offended to day by limiting home ownership to those with "680 FICO's and 20% Down!" Thomas Jefferson wrote in our Declaration of Independence that "all men are created equal." MLK called for "equal opportunity." Yet today those politicos that shout the … (4 comments)
the real estate investment institute: Books I've Read, Reread, and Read Again
- 01/10/08 09:59 AM
I was "meme" Bill Roberts got me. Bill Nazur got him. They wanted to know what I read. This is a big step ahead the last time I was "memeed "Memed, Me Memed / For The Masochistic Reader I started with Geneses and ended with my birth, a long time ago. Dad's Shop is close to a meme. To me books are like visiting old friends, an experienced to be savored and repeated from time to time. Or maybe old friends are like favorite books, as I recently experienced with Bob and Suzie Walton. Bob live next door when we were kids, … (8 comments)
the real estate investment institute: My Second Annual Blog Index 2007
- 12/31/07 06:23 AM
I've posted 95 blogs here on Active Raine in 2007, most of them on Professionalism, many on the mortgage Crisis, much on pure Real Estate concepts, some Frivolous, and a few very Personal. Today's message is a simple one: Happy New Year! May personal and professional success fill your new year. All my best, Bill My New Years Resolutions Regarding Active Rain 12-31-07 Frivolous Twas The Night Before Christmas, Revisited 12-23-07 Frivolous Prestidigitation Without the Half Naked Girl 12-16-07 Miss leading ads A New Look At The Foreclosure Problem 12-11-07 Crisis My First Sale and The Naked Amazon / A Haunted House 12-03-07 Frivolous Les Pendens, Memorandum, Professionalism, and Buyer's … (4 comments)
the real estate investment institute: Advice From The Sunday Real Estate Section
- 11/18/07 05:53 PM
Steven Leitman, wrote a short little blog: Short Sale Tip I commented on it because, I'm concerned about real estate advice coming newspapers. One of the comments was addressed directly to me, here is my response. Mr. Ross, I'd like to answer your question, but I don't think we have a common language. You and I use the same words but we don't use the same meanings. With regard to defaults and "Short Selling" it's always an individual thing with the lender. The market is a huge consideration but the individual debtor is more important! Is the individual collectable? Can the bank recover … (4 comments)
the real estate investment institute: A Call I Wish I Hadn't Made
- 10/23/07 09:35 AM
I got a letter though AR. A listing agent wanted an investor, was I or any of my people interested in this listing? A single family house in a distance state, appraised at $785,000.00, listed at $725,000.00, but only for home buyers, investors could buy it for $660,000.00! (I should have stopped at that point. I wonder how they put that into the MLS.) Wow! A $125,000.00 in equity. Or, maybe $65,000.00! Did I want to refer an investor to make all this money? Can you believe it a $125,000.00 in free profit? My reaction of course was are you kidding me? But, … (9 comments)
the real estate investment institute: Dad's Shop
- 10/22/07 07:49 AM
I was born in Central Michigan. Son and Grandson of men that fixed it themselves. I don't remember a time when if something need fixed or built Dad didn't do it himself. I remember when I was very young pestering Dad as he worked on a car in the drive way. I remember the first major project we worked on together. My Mother needed a dependable car, Dad couldn't afford a new one, it was 1956 and insurance adjusters didn't make all that much. Dad bought two nearly new 1956 Oldsmobile 88's, two! Of course there were two little problems! One … (7 comments)
the real estate investment institute: Least we forget, possession is a negotiable item!
- 10/15/07 07:43 AM
When I came west from Michigan twenty three years ago, I was shocked to learn that possession in Nevada and perhaps most of the West is excepted to pass on the day of closing. In my experience I knew closings get held up and sometimes blow-up! I found the idea both un-civilized and a grave violation of my view of the listing agents fiduciary to the seller. The only thing worse is possession before closing. Many, if not most, sellers can't afford temporary housing until their home closes, let alone move out then have the sale fall through. Temporary housing while waiting for … (0 comments)
the real estate investment institute: Bunk, BUnk, BUNk, BUNK
- 10/10/07 04:16 PM
Bunk, BUnk, BUNk, BUNK A comment on Where' the Bottom of the Burbank Real Estate Market ? I don't believe you can apply the principles of technical analysis to home purchases! Nor do I believe you can apply them to small (1 to 4 unit) investment properties in a tough market.
No one likes to crunch numbers more than I do. Many years ago as an expatriate banker I got to learn from the best. I joined Michigan's CCIM Marketing Group as a canadate for a CCIM, but a year later I was not making sales. I learned to prove that no property was … (5 comments)
the real estate investment institute: Viva La Difference / Unjustified Assumptions
- 10/02/07 03:10 PM
I wrote a blog about illegals and loan fraud and got a comment from a well intentioned writer that I just can't forget. I don't think the writer did anything but express the frustration we all feel, when we group people by heredity instead of their personal choices. The comment: "It is amazing that many of todays top LO's are hispanic - I wonder how many of them belong in jail." What's so "amazing?" Do you know how many Americans are Hispanic? Most LO's are licensed and often insured or bonded, I'm sure very few are illegals. I'll bet between us we can't find … (18 comments)
the real estate investment institute: Be Careful When Speaking Lender
- 08/25/07 09:54 AM
I just left one of my long winded comments on Brian Brady's blog Speak English or Go Home! You should read that about the English only question. I wanted to add a short story about one of my non-English speaking clients. I had done almost two dozen loans for a family who's primary language was Tagalog, when they refereed me to a brother who was moving to Las Vegas from the LA area. I was told that neither he nor his wife spoke English, I offered to have one of my Tagalog speaking Originators call. No it seems that the brother was … (5 comments)
the real estate investment institute: Why We're On AR / A Clueless Critic
- 08/19/07 10:20 AM
I got taken to task by a fellow AR commenter. I commented on a non-real estate blog (How Much is a Billion? ) because I had an opinion on the subject, I respected the Blogger, I like her writing, and I'm here to be seen. Being seen is after all the reason the blog was written in the first place, to that end I signed as I do all my blogs and most comments. In response I received a criticism from one of the commentors about "adverting" meaning my signature with my two companiesy and two web sites. Personally, I thought the … (18 comments)
the real estate investment institute: Gorilla Purchasing / There Is Always More Than One Way
- 08/16/07 09:14 PM
Survival of the fittest. You've spent the last 15 years of your life learning and perfecting your real estate knowledge only to have your world come crashing down around you. More than three score of mortgage lenders closed their doors. Your local MLS has a nine month supply of listing. No thinking buyer will pay $400,000.00 for a new house and then pay taxes on the $80,000.00 rebate. (Despite the fact that you put $20,000.00 down and financed $380,000.00, the $80,000.00 rebate is taxable income not borrowed money. If you buy the house you put out $20,000.00 but you get back $80,000.00! Then you pay … (5 comments)
the real estate investment institute: Memed, Me Memed / For The Masochistic Reader
- 08/16/07 11:13 AM
I've been memed! My friend Rich Kruse did it this morning. I though he knew better, after all I'm known for being brief and Active Rain only has so much band with. O'well. I do list myself as the greatest living expert on the opinions of William J Archambault Jr, so I guess I'm the one to write it. I'll try and be briefer than Tolstoy's "War and Peace," although I don't find Leo that wordy. I'll start at the beginning. "In the beginning God Created the heavens and the earth... God said, "Let there be light, and there was light"...the … (4 comments)
the real estate investment institute: I Dit It, I Did It! / Thanks Nathan Hartman
- 08/15/07 07:40 AM
I was very empresses with Bryan Brady's pod casting Profitable Podcasting: My Equipment, but I didn't want to do phone interviews. I wanted to record some of my articles simply as an alternative presentation. I simply wanted to be able to record and upload from my desk top or lap top computer. I Googled looking for a program and found one at a reasonable price, with a down loadable two week trial. I down loaded and subscribed to a host for my pod-cast, https://www.godaddy.com (a great host and reasonably priced) . Then I created a new domain for my pod-cast http://www.realtestatesage.info (Braggadocios? … (1 comments)
the real estate investment institute: I Got Rained On Today
- 08/13/07 05:17 PM
Yes I got rained on today not once but three times and it feels good! The simplest to explain was a letter from a fellow rainer who I'd lost track of, I responded and he did too. Three simple and short letters, but two of us feeling better, a good start to my day. The second came as a real surprise, a new AR commercial real estate broker. I'll past in the letter. "Bill,I saw your post on ActiveRain. Do you remember American Mortgage Network in Reno with Jerry ...?We were there together about 20 years ago.Reminiscingly, Jim Walker" I responded, unfortunatly I didn't … (2 comments)
the real estate investment institute: Leave it to Mother / Central Michigan
- 07/30/07 12:41 AM
Leave it to my Mother to come up with innovative solutions. My parents spend their summers in Central Michigan, not far from where they grew up, or for that matter not far from where I went to grade school. North of Rosebush, and South of Clare on Stevenson Lake. They spend their winters at their home in Holiday, FL less than two blocks form where my Grand Parents retired fifty years ago. To say my parents are traditional, will get you no arguments, but it does make my mother's idea stand out. It's time to sell their lake home. The 5 lots … (10 comments)
the real estate investment institute: Humble Patriotism
- 07/28/07 09:50 AM
On my way to breakfast Friday (7-27-07) I was asked by a mutual friend of ours how I felt about the concert Brenda and I attended Thursday night. My answered confused him. I responded humbled! Well I've had nearly 30 hours to think about it and I still feel the same way. Brenda and I took a bus tour to the Sean Hannity Freedom Concert. We don't attend a lot of concerts, the last one was Mannheim Steamroller's Christmas concert here in Las Vegas about 3 years ago. And we don't do bus tours, never! So this was very unusual for us. … (1 comments)
Do you have a favorite word? Do favorite words influence your life or does your life influence your favorite words?
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