When I first began this blog ten months or so ago I began writing about the irresponsible action that the federal reserve was taking to prop up the American stock markets. Â My point was that in the past, when the fed acted to impact the economy in one way or another they had always targeted some economic metric like inflation or interest rates, and their actions were not targeted to impact any one group…
The Building – Part III: The Endless Inspection
In the seemingly never ending interim time between the beginning and the end of the commitment letter process, the owner of the building and I finally agreed that it was time for me to do my physical inspection. It would be swinging without a net a bit for me, since I had neither the financing lined up nor the due diligence finished, but based on both the seller’s motivation and what I had seen already…
Unbelievable – The Mainstream Media Now Says that Renting Is a Good Thing?
What is it with these people? Do they not have any core values at all? First they spend years telling everyone that home ownership is the only way to go. Then when the housing market hits the skids they’re now singing the praises of renting?? I guess that anyone can justify anything. Now renting of all things is part of the American Dream. What a crock of BS. This reminds me of the 70’s. Jimmy…
Can you REALLY Make an 8% Fixed, and Fully Secured Return on Your Money?
The answer is absolutely YES. How? Start by taking a look at the short, 1 minute video below. It shows the next home that I’m looking to add to my portfolio of long-term rental properties. It’s an all brick, 3 bedroom, 1.5 bath bath home in Harper Woods, Michigan that needs absolutely no rehab whatsoever. It also happens to be in the best school district in the entire state – Grosse Pointe. Homes on this…
The News Keeps Getting Worse – Which Means There Has Never Been a Better Time to Get Started Buying.
This result was not unexpected – there was supposed to be the last huge number or ARMs readjust in March. What’s surprising is that this time last year the pundits and analysts were talking about the real estate market taking a bath in Q1, but then after that the market was supposed to improve. Regardless of the timing though, there has never been a better time to jump in and start buying. Prices have never been lower,…
Latest Buy – Closed Yesterday with over $60,000 in Equity!
Can I find one for you? Here’s the property that I wrote about a couple of weeks ago. 3 bedroom, 1.5 bath all brick ranch home in the best school district in the state – Grosse Pointe. Roof, furnace, central ac, and water heater are all like new. As are all the appliances that were included. This home also has a full, partially finished basement, a two car garage, fenced yard, and a three season…