David's Blog
Real estate topics on better business performance, education, advanced techniques for selling/buying residential, commercial and investment real estate; 1031 tax deferred exchange, licensing; anecdotes and stories to ponder.
ARCHIVED BLOG POSTS
2007
2
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If you are able to remember, a home buyer had a down payment. Today we have banks with people occupying their real estate on a short term basis. Why the change? GREED. Not so long ago people would sell their children before not making their mortgage ...
12/07/2007
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National news tells us that the Sub-Prime mortgage is reaching a crisis. I checked, turns out the crisis is less than 2% of issued mortgages. It appears that the CRISiS may have been exagersted. Don't make the mistake of thinking the sub-prime is a minor issue, however.I have listings that remain...
12/06/2007
The table below lists all of the currently active single family detached and single family attached homes in Wheaton, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices. For detailed information on a p...
12/06/2007
What is the Internal Rate of Return: The typical investor is concerned with, in addition to the complete return of his invested capital (downpayment, closing costs, due diligence expenses), an adequate return on his investment. In general, this return on invested capital is expressed as an ann...
12/06/2007
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I am looking for multi-family properties not currently listed in the usual multiple listing sites. The criteria Is:1. Minimum of twenty units or more.2. Price to Actual net operating income produces a capitalization rate of 7.5% or better.3. Locations - Northwest, Far West, Far southwest Chicago...
12/05/2007
The table below lists all of the currently active single family detached and single family attached homes in Glen Ellyn, IL. The information is broken into price ranges with average time on market for that range. Included are the high, low, median and average prices. For detailed information on ...
12/04/2007
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Bloomingdale, Illinois History When I first arrived in Bloomingdale, Illinois (north central Dupage County) population was around 6,000. When you drove out past Indian Lakes Resort hotel ( now a Hilton Hotel) on Schick Rd. ( Mrs. Schick- her maiden name- lives about 3 miles down the road) you ha...
12/04/2007
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David Spencer
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