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 […]
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RESIDENTIAL LENDING UPDATE
August 4, 2007 in RESIDENTIAL R.E.
Residential Lending Update. Every Real Estate investor has heard about the Sub-Prime mortgage debacle. I have postings on this blog discussing it. There are all kinds of articles written about it and reporters are constantly keeping this news before us. Here is some of the information that your may not be getting from the information out there available to the general public. Loans for investors to finance properties at 100% are all but non-existent. Interest rates for investors are moving up sharply and 90% financing or better is […]
RESIDENTIAL REAL ESTATE MARKET NEWS
June 13, 2007 in General R.E., RESIDENTIAL R.E.
RESIDENTIAL REAL ESTATE MARKET WATCH Those in the know, when it comes to the residential real estate markets, continue to pass on bad news for home sales and home prices. However, many are now passing along some positive news as well. Recently there have been some articles indicating that research and projections by different companies and agencies indicates that there are some bright spots in the market. Several Texas cities continue to be forecast with strong sales and positive price growth. In fact, out of the top 10 […]
NO CLOSING COSTS!!!!
February 7, 2007 in General R.E., RESIDENTIAL R.E.
Last week I broached the subject of No cost home loans, the new phenomenon in the lending industry, which is sweeping the country now. I indicated that major players are jumping on this wagon in ever increasing numbers. This week has reinforce in me the fact that this is going to be a trend for at least the rest of this year (2007) and probably well into next year (2008). Last week I also left a question for you. What strategies can we use with this trend in lending to […]