Beware of Municipal Risk When Investing in Real Estate

Beware of Municipal Risk When Investing in Real EstateYou’ve got cash for a down payment just burning a hole in your pocket, financing is lined up, you set up your LLC, you’ve even checked out things like insurance, and you’re ready to go. You’ve watched real estate listings for months but now you are looking with a serious eye. You’ve found one area with nice homes and safe neighborhoods that seems to be a bargain and decide that’s where you want to go. Did you ask yourself why that … [Read more...]

Where’s the Irrational Exuberance?

Where’s the Irrational Exuberance?Over the last decade I’ve had a front row seat to one of the most interesting real estate markets in history. I made my first foray into the Las Vegas real estate market twenty years ago as a long-distance investor and landlord. I saw the growth taking place and believed that appreciation was sure to follow. I was way ahead of my time. There was so much building going on that prices remained flat. Buyers wouldn’t buy used when they could easily afford new. … [Read more...]

Pros and Cons of Working with A Turn-Key Company

Pros and Cons of Working with A Turn-Key CompanyWith such a diverse collection of real estate markets around the country, investors have many choices when it comes to where to invest in real estate. Some investors look for areas that were hit hard by the real estate crash in hopes of acquiring property that will experience a recovery in values over the next several years (ex. Phoenix, Las Vegas, Orlando). Other investors look for markets with very inexpensive properties that cash flow well, but … [Read more...]

The Numbers Are In The News This Week!

A quick rundown of the important real estate news from the week of December 3 – December 9, as you will soon see the numbers are definitly in the news this week!  12 out of 27 – Number of metro markets where it’s cheaper to buy than rent according to a new Wall Street Journal, http://www.wallstreetjournal.com,  article. Among the markets are Atlanta, Chicago, Las Vegas, Miami and Phoenix.  $12 Million – Listing price for Frank Sinatra’s,   old party pad. The estate has a 10,000 … [Read more...]

How Writing Offers is Like Dating

How Writing Offers is Like DatingMy friends name is Sam.  He earned the nickname the devil because of his outrageous behavior. Now don’t get me wrong.  Sam isn’t a mean person.  He’s actually a very nice guy.  It’s just that when he’s around bad things happen.  At my bachelor party in Las Vegas Sam somehow managed to lose all his money, his wallet – and even his shirt.  That’s right.  He actually lost the shirt off his back.  For some reason Sam thought it would be a good … [Read more...]

Real Estate Appreciation or, Just Call it Recovery

Real Estate Appreciation or, Just Call it RecoveryInterestingly, you don’t hear the term “appreciation rate” much anymore.  I was conducting a seminar this weekend and somebody in the group asked what our annual appreciation rate was. I was taken aback because the notion that real estate values are increasing or may be on the rise in the near future almost seems taboo. Rather than calling it appreciation, I answered the question by estimating the rate at which prices may begin to recover … [Read more...]