Archive for May 2008
You are browsing the archives of 2008 May.
Average Gasoline Prices at $4. How Long Until $5 Now?
In early 2007 I wrote an article for the Field Guide for Investors asking how a gas price of $5 would affect real estate investors. This was at a time when gas was about $2 a gallon. The interesting thing is while many were very skeptical we would see that kind of gas price any [...]
Oh No! Say It Isn’t So! How Will We Refinance!
Dramatic huh?
But, that is what gurus are screaming about the recently announced change from Freddie Mac on refinances. A similar change is expected from Fannie Mae.
What is the change? They will not allow a refinance if the property has been in an LLC any time over the last six months.
But, not to worry, these same [...]
Is It Time to Look To REITs?
This year is setting up to be a “capital constrained” year. That is just a investo-babble term for a year where lending is tight. No matter how you slice it, 2008 is going to be a challenging year economically.
But, many REITs are uniquely positioned to not only weather a tough economic ride but to actually [...]
That Went Well.
After my call with Tim this morning I was off to meet with the manager of my bank during lunch.
That was an eye opening experience. I have great credit and reasonable assets for a guy my age, according to the loan officer. If the asset supported it, I would qualify for $325,000 at 5.75% if [...]
President Mcbama
Today, a friend called me to ask me who I would vote for now that Hillary is out of it. Now? She has been out of it for months! The democrats were sold a bill of damaged goods in Obama. They didn’t bother to check him out and now they are stuck with him as [...]
It begins
My name is Reese and I found Tim through the realestateinvestor.com site. I am very happy I was able to convince him to work with me.
I am 29 years old, unmarried, with a good job. I want to get married in the future, have a family and good retirement.
During my calls with Tim last week [...]
I Found Them!
I have been lurking and posting at various forums looking for a very specific person.
The person I was looking for is…
New to investing
Average resources
Little (preferably ZERO) consumer debt
Holds a job
Does not see a job as something for losers
Not afraid of hard work
Willing to learn
Ethical beyond question
A self-starter and self-motivator
Able to complete tasks with little or [...]
Sixteen Years
Today at 3:00 PM will mark 16 years, and I would do it all over again. Without question, without hesitation.
Are You Too Comfortable?
I had a long conversation with a potential coaching client yesterday. We walked through the usual stuff about where they are now, how they got there, experiences, wins, losses, etc.
Then we started exploring to figure out what is holding them back.
Comfort.
Comfort?
Yep, comfort. They are very comfortable and satisfied with their life. They have no consumer [...]
Ethics
On a private forum this question was asked of me…
Tim, I know you always start the [Apprenticeship Program] with Ethics. Other than a basic societal ethical compass, what more do you consider important with regards to ethics? Does this entail looking at yourself and your motivation to be in the business of investing? Can you [...]
