It has been a pretty good ride, hasn’t it? I mean, since the dark days of the “great recession†when the DOW bottomed out at 6443.27 on March 6, 2009, the market has gone pretty much straight up. Remember those guys in the office that spent all day with a browser window open to their E-Trade accounts so they could “trade†their mutual funds? They were all over the place before the DOW tanked. They…
Category: Cash Flow Real Estate Investing
Beware of Professional Tenants!
I have to say that one of my biggest fears about being a rental property owner is running into a “Professional Tenant”. A “Professional Tenant†is a someone who knows the rental laws cold, knows the system, and therefore knows how to work the system†by taking advantage of pieces of the law to live rent free. Sometimes indefinitely. They can cost you several months of rent and thousands of dollars in legal fees before…
Rational Thought from the Fed?
Shocking I know. That hasn’t happened since Paul Volcker.
But it’s about time.
I just saw a piece in the New York Times titled “Fed Dissenters Increasingly Vocal About Inflation Fears”.
I was both happy and frightened to see that headline. Happy because the Fed needs to face up to the fact that interest rates can’t stay at zero forever, and frightened by what’s going to happen to the economy when (if) interest rates ever get back to anything resembling a market rate.
And then there’s inflation.
I’m an econ major. I’ve been following this stuff since 2006 and 2007. I’m confounded but the fact that we haven’t seen any inflation yet. It’s out there. But if or when it will ever hit is anyone’s guess.
The first paragraph of the piece is what gives me a glimmer of hope:
“An increasingly vocal minority of Federal Reserve officials want the central bank to retreat more quickly from its stimulus campaign, arguing that the bank has largely exhausted its ability to improve economic conditions.”
I’ve included the piece below without further comment. Let me know what you think.
Another Zillow Fail – Being a Landlord Is Most Profitable in These 10 Areas
This is nutso. Plain crazy nutso. Call it Zillow in Wonderland instead of Alice in Wonderland. Zillow – who you know has a sterling reputation for accuracy <cough cough> has struck again. In this installment of Zillow-Does-Real Estate, they give their opinion as to what the best rental markets in the country are. (I’ve included the entire article below in case you’re curious.) I call bullsh*t on their “analysis”. Because there isn’t any analysis. And…
REITD 013: Todd Brittingham and John Rospierski – New Construction Builders
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In this episode I talk to Todd Brittingham and John Rospierski. Together they formed a new build construction company about a year ago. John’s background is in homebuilding, and Todd and his wife Kelly are real estate investors here in the metro are. I’m having Kelly on the show in a couple of weeks to talk about their other real estate investing activities. Oh and Todd also has a day job. Talk about being productive.…
How to Sell My Detroit Home Fast
How to Sell My Detroit Home Fast Click How to Sell My Detroit Home Fast to get my free Guide on How to Sell Your House Fast in Detroit. Need to know how to sell my house fast in Detroit and surrounding areas… we’d like to make you a fair all-cash offer. And we’ll even GUARANTEE that offer and can have a check in your hand in as little as 5 days. Just give us…