Aug
18
GREAT TIP ON REO’S
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 […]
Aug
13
THE PROPERTY MANAGER
The following article discusses the importance of professional property management and its contributions to the success of a commercial project. We agree with most of the points the author makes about property management for commercial properties but note that there are some excellent property managers who do not have the CPM designation. We are not familiar with the author’s web site and other activities and the inclusion of this article is in no way an endorsement of the author, his web site or his other activities. The Commercial Real Estate […]
Aug
4
RESIDENTIAL LENDING UPDATE
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 […]
Jul
30
GOING ONCE, GOING TWICE …
This article appeared in the June issue of National Real Estate Investor. It explains some of the reasons auctions are becomming a more popular form of real estate marketing, a development we have been observing in recent years and one that some of you may have noticed as well. Going Once, Going Twice By Parke M. Chapman Jun 1, 2007 12:00 PM When Pritzker Realty Group decided to sell a Kansas City office building last summer, the private investment firm didn’t hand the listing to a local broker. Like an increasing number of sellers, […]