WHAT IS HAPPENING WITH NEW HOME BUILDING? The information today is that new housing starts in the US are down again and look to continue this trend. Actually down by 20 percent from last years numbers. There is just too much inventory for sale now. Add to that slumping sales figures there is not much good news her. So what are these developers doing now? Well, They are moving to multi-family developement. In fact the only good numbers that were posted for new construction were found in Multi-family projects. These […]
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GREAT TIP ON REO’S
August 18, 2007 in General R.E., RESIDENTIAL R.E.
Here’s A Great Tip on REO’S I recently received a call from a personal friend. He knows that I invest in real estate. He also is aware that I have some connections that he was looking for. Now the reason for his call is the most important part. He was looking for a connection that would be interested in and would have the ability to purchase a large portfolio of REO properties. He told me that the purchase would provide properties for $.40 to $.50 on the dollar. The only […]
Pre-Construction Investing
July 20, 2007 in General R.E.
PRE-CONSTRUCTION INVESTMENTS For most of my Real Estate coaching career I have been a septic of Pre-Construction investments. Due to the many people who have been burned by these deals that never worked out for them. I personally have never purchased an investment that falls into this category of real estate investing. I have however listened to and have come to understand the problems that have occurred with many deals that went, or already were, bad. In the past months (10 to 12) I have heard of some successful […]
“The State of the Nations Housing” (Harvard)
June 29, 2007 in General R.E.
The State of the Nations Housing Ok, so out of Harvard comes some interesting information. A study published recently on the state of the nations housing for 2007 leave more questions than it answers them. Words like “it will depend” and “If builders par down” etc. left me wondering what good they really came up with in this study. Let me provide some facts that they did come up with. * Housing afford ability continues to be a major problem. What does that mean? Well in lay mans terms it […]