I love the Wall Street Journal! It’s often the only ray of objectivity in this ridiculously overcrowded and juvenile media that we’re constantly subjected to. Case in point – there’s a great article today about the “return” to cash flow. While I disagree that prudent investors ever abandoned it, I’m gratified that they realize that rational thinking seems to be returning to the marketplace. And while this piece refers primarly to the stock market, the…
Category: Cash Flow Real Estate Investing
Too Little, Too Late. A Friday Afternoon Rant.
Pop quiz – when was the last time that the government at any level got something right? Time’s up. Did you come up with anything? Nope neither did I. I wish that they would just STOP TRYING. I have finally come to the conclusion that INACTION on their part is the safest thing for us. Forgive my rant. Let me tell you about my latest refinance nightmare caused largely by the antics of the Keystone…
So Tell Me Again – WHY Aren’t You Buying Here??
I know that for most of you I have been preaching to the choir about the opportunities in real estate investing in Metro Detroit. But it’s nice to see some validation of it once in a while. The article below is taken from the Detroit News today, and it speaks volumes on the paradox that we’re facing here. Pay particular attention to the last paragraph, which I have set in bold. As I have been…
My Latest Deal – Can I Find One Like This For You?
Here’s the latest deal that I’m working on. It’s pretty incredible, and it’s an indicator of just how UNBELIEVABLE the opportunities are today in the Metro Detroit suburbs. The property: 3 bedroom, 1.5 bath ranch in Harper Woods New roof New furnace New replacement windows Newer ac and hot water heater Central Air 2 car garage Sun porch off the back of the house Full basement, half of it finished (the half bath is in…
The Door Got Kicked in and There’s Blood on the Carpet – Why Again?
I spent some time on Saturday with some real estate friends and colleagues, and we were all talking about how boring our businesses were. The business itself was exciting and interesting to each of us. And to a person it’s been a gratifying experience. But it never seems that anything really interesting happens, or at least nothing interesting enough to talk about to other people. But then we got talking about the First House. You…
Stocks’ Wild Ride Isn’t Over
Even if the markets have touched bottom, there’s still plenty that could go wrong. So don’t unfasten your seat belt just yet. By Jon Markman Big investors and government officials have pulled out all the stops in recent weeks to make it look like equity markets, and possibly the U.S. economy, hit rock bottom in early March in sync with the crash and sale of Bear Stearns. Yet new evidence suggests that credit markets, where…