I have received a flood of emails from the contact pages where I offered those who really believe what Keith Brand at housingpanic.com spouts a way out of their pain.
Some have been details about houses they want to sell but the others have been really amazing sometimes.
Since I have spam controls in place here it [...]
Continue reading about I Have No Intention of Turning This into an anti-HousingPanic blog, but…
I’ve been reading a lot of the Housing Panic posts over the last few days and it struck me. That site is probably the best gift a real estate investor can hope to receive!
The message there is always the same. Real Estate is a bad investment. Buyers are fools. Etc.
So, I got to thinking, if [...]
Continue reading about If They Really Believe It, I Guess I Should Help Them Out!
First, I agree with much of what Keith has to say at the Housing Panic web site about the current real estate correction. He is correct that the correction is no where near finished and those who are groping for the “bottom” are wasting their time. He is also correct in his assertion of the [...]
The 2007 National Appraisal Survey released in December 2006 surveyed 1,200 appraisers and 90% of them reported being pressured to restate, adjust or change values. That is almost double the rate of 55% in the first survey conducted in 2003.It gets worse. Over 71% of the respondents said they were pressured by mortgage brokers and [...]
Continue reading about Appraisers Face Increasing Pressure to Inflate Values
First, I don’t want you to get the wrong impression. I do not disagree with the general premise of the author whose writings I am about to discuss. Over the long term, it is far better to buy and hold real estate than it is to flip for a quick profit.
My problem with this guy [...]
Continue reading about Do You Recognize Bad Advice When You See It?
I just don’t understand why people make it hard on themselves. There is an exchange over at the Magic Bullets site discussing how to approach a very reluctant homeowner.
One suggestion was to just place a for sale or lease sign in their yard and then when they called, apologize and then try to buy their [...]
Real Estate investing is not my primary full-time job, nor is the newsletter and REITactics certainly isn’t my primary full-time job.
I know the guru types encourage their followers to quit their jobs as soon as they can afford to do it but in my opinion that is really foolish. For the average person out there, [...]
Guest Article by Jackson Caulfield
It is an interesting question but it is really several questions rolled into one.
First, is it getting harder to find houses to flip? No! It is getting easier to find them. Default rates are rising and on both the low and high end of the spectrum the raw materials you need [...]
Continue reading about Is It Really Getting Harder to Flip Houses?
The MagicBullets site (http://www.magicbullets.com) has been down for almost 24 hours. Yesterday, I thought maybe they had been hacked since the probing activity on all of my sites has been through the roof lately. Since about mid-day yesterday a generic screen is shown from the hosting provider.
Hopefully, everything will get straightened out because as I’ve [...]
Continue reading about What Happened to the MagicBullets Site?
There are still some rough edges to deal with but for the most part things are coming together nicely. I know most of it is behind the scenes and the members and subscribers don’t see the details but it is comforting to know things are beginning to run very smoothly.
One of the changes just coming [...]
Continue reading about I am really excited about some of the changes at REITactics.
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