October 29, 2008 was a good day in my real estate business. A pretty good day in fact. Because on that day I bought a little over $1 million in real estate. One 20 unit apartment building and one single family home. (And didn’t use one penny of my own money. But that’s a topic for another post.) Not only that, but I had an offer accepted for what will be my 11th single family…
Category: Cash Flow Real Estate Investing
Off-Topic Friday: Picard v Kirk
I have thought for a long time that Star Trek is a metaphor for life. Especially for work and business. But as much as I try to explain it to my wife, I still usually get the blank stare (you know the one I’m talking about), even though I converted her into a STNG fan when we were courting way back in grad school in 1990. (She doesn’t like or get Monty Python either) I…
The Myth of “Win-Win”
I’m sure that you have seen the news reports out of Ohio a while back. First one, then a second Federal Judge dismissed foreclosure proceedings because the lenders “failed to prove that they owned the properties they were trying to seizeâ€. That’s a complicated way of saying that the paperwork is screwed up. (If you’ve ever worked at a big company, you know that this is the rule not the exception.) More importantly though, neither…
How to Buy Your FIRST Apartment Building
9 Audio CD’s For New Apartment Building Investors How To Buy Your FIRST Apartment Building This is critical information that a new Real Estate Investor needs to shortcut the learning process necessary to have a truly Set and Forget Rental Property business. Just some of the content in the five audio CD’s includes: The Michigan Rental Real Estate Update for 2009 – why this is the year to buy apartment buildings. What do you need…
Arrowhead – #923
A 66 unit multifamily property situated in Oakland County, Michigan, near shopping and mall. Centrally located with easy access to transportation and bus line. A mix of large sized one and two bedroom rental units. Onsite management office. Coin operated laundry and vending machines. Confidential Sale. Contact Dennis Fassett at (248) 470-8170 for more details or to schedule a private showing. Click the link below for the property overview information package. arrowhead-923 Offered through Apartment…
Need a Better Retirement Plan? Apartment Buildings Blow Away Bonds.
I just read an article that said that treasury bill and bond rates of returns are approaching ZERO. (I’ll post it tomorrow) So it’s clear that everyone with investable funds is looking for higher returns at least in a portion of their portfolio. Residential real estate, including apartment buildings, offer those types of returns with risks that are substantially lower than the stock market. Hat tip to @Eric_Urbane and @mbrewer on Twitter for the heads…