I know that this post is long overdue. As the next step in my Apartment Quest series I’ll tell you about the building that I’ve been “buying†since the middle of April. I had heard that this was a long process, and I had heard that it was filled with capital “D†Drama, and so far the experience and process has lived up to it’s billing. I finally hooked up with a great commercial real…
Author: Dennis Fassett
I'm pleased to report that after multiple decades of hard-headed stubbornness, I've finally figured out that all work and no play makes Johnny a dull boy. So I've taken it upon myself to convert my wife and now adult(ish) kids into a roving band of merry adventurers.
From horseback riding in Monument Valley to ocean kayaking in Acadia - all of our exploits have earned the coveted "epic" label from the younguns.
I'll tell you about them - and also about the other "adventures" I'm having in my real estate investing business.
You can also find me over at DennisBuysHouses.com
Private Investing Teleseminar Replay
********************************************* To hear the replay dial: Tel: (641) 715-3508 Code: 237869# ********************************************* Are you satisfied with the returns in your retirement accounts or other investment accounts? Would 8-12% returns, fixed and secured, make a difference? If that got your attention then we can work together. You see, the real estate market here in the Detroit Suburbs continues to be the hottest investment real estate market in the country. I closed on and rented my 8th…
Even as a Die-Hard Mac User I Think This is Funny . . .
And true I have to admit. I still want one though! Â Â Â
Moody’s: Commercial real estate prices slipping
Interesting article in Forbes online today. I’ve seen some tightening up of commercial credit just in the last couple of months. Thanks to http://twitter.com/bob_sibdu for the heads up. Here is the article: Prices for commercial real estate slipped more than 2 percent in March as it became tougher to borrow money to buy property, Moody’s reported Monday. The Moody’s (nyse: MCO – news – people )/REAL Commercial Property Price Indices fell 2.3 percent in March from…
The Coming Alt-A Mortgage Apocalypse
According to the Scotsman Guide, the Alt-A mortgage is primarily a credit-score driven product, as its borrowers don’t have proof of income from traditional employment. The Alt-A loan alleviates the challenges associated with due diligence, such as providing income verification and documentation of assets. On the flip side, for this convenience, borrowers do pay a slightly higher interest rate, usually from a quarter- to half-point higher than traditional, fully documented loans. It turns out that…
Risk v Reward
Must be the week for hot button issues. Personal productivity yesterday and the Risk-Reward tradeoff today. I was having coffee (the usual: venti house blend – three creams) a while back with a very close friend and his wife. We were talking about doing some business together, and in particular he wanted to pick my brain about my particular method of buying, renting, and refinancing rentals such that I generally end up with none of…