Hi everyone! I know this isn’t the norm of a ‘real estate related’ post, however, there is one great gal going on a 3 Day Breast Cancer Walk.
Secret phone calls being made by federal regulators to determine if Credit Suisse has pulled the remaining life line of a credit line from Lehman? Found this from a Great Site - “Your Mortgage or Your Life” about Lehman Brothers…yet another 800 pound gorilla stumbling hard in these times.
From the Financial Times:
“Lehman Brothers, the beleaguered US investment bank, held secret talks to sell up to 50 per cent of its shares to South Korean or Chinese parties in the first week of August but failed to reach agreement with either.
The South Koreans and Chinese walked away after concluding that Lehman was asking too high a price, said New York-based people familiar with the potential buyers. Lehman declined to comment.”
“The talks reflect the growing pressure on Dick Fuld, Lehman’s chief executive, to raise capital ahead of the mid-September earnings report, which, analysts said, could include more writedowns of $4bn (£2bn), bringing the total so far to $12bn. Lehman shares have fallen nearly 85 per cent since early 2007 and its market value is now about $9.5bn.
In addition to the sweltering heat of Las Vegas (can we say 110 degrees….YICHS!) the $400,000 and below housing segment is heated up right now because of ONE thing - FHA with NO MONEY DOWN loans. Huh, you mean the housing crisis and ridiculous sub-prime lending tsunami of foreclosures didn’t make the ‘no money down’ loan disappear as fast as Neo can move in and out of the Matrix? [Read more]
Most of you may know that I love using the internet for finding great real estate deals. I’ve just come across one source that must be revealed! One of the ways to buy real estate for pennies on the dollar is through government seized auctions. You can check out a great website listing oodles of real estate bargains by Clicking Here!
I just did a quick search on their website and found a recent sale of a 2 bedroom, 2 bathroom condo in Miami, Florida sold for $17,436! No - that is not a typo!
Diversify your investments like the Hollywood stars do it! France offers investors a great opportunity to benefit from the ever increasing property values. France is very fortunate to have a stable housing market, which will continue to stay that way for years and years to come. [Read more]
Advertising on Craigslist is worthwhile for not only real estate professionals, it is a golden key for just about any business offering products or services!
Whether these products are offered through ecommerce websites or physical stores, the business owners can see financial gains through advertising on Craigslist. Firstly unlike other advertising opportunities there is very little risk involved in posting on Craigslist as it is FREE to post your advertisement! With the exception of job postings and housing postings in specific markets, advertising is free on Craigslist. [Read more]
Who else is concerned about where to put their hard earned money? We have an interesting dichotomy right now where foreigners are using their strong Euro, Canadian dollar, Saudi Riyal, United Arab Emirates Emirati dirham, to buy up United States real estate…and for American residents, we are wondering where we should invest as the U.S. dollar weakens, stocks plummet and real estate prices decline. [Read more]
In my last post, the principles of real estate value was discussed and I alluded to the next demand cycle for real estate in Las Vegas and promised to you the list of casinos that will assist in this demand cycle. This is all part in understanding supply and demand cycles in real estate. [Read more]
One of the basic “Real Estate 101″ things to know is supply and demand cycles. This is taught and mostly forgotten in realtors’ pre-licensing courses: The Principles of Value. If anyone can really understand the main principle of value in real estate: YOU must know SUPPLY AND DEMAND, then you will make money.
Some experts say that 98% of real estate agents don’t understand or grasp basic supply and demand cycles. The 2% that do will be all stars in their field. In addition, as a real estate investor, you will then know what type of real estate investing to do based on supply and demand in your area. Click more to read on… [Read more]
You read this right, yes…a Stripper Pole! What does that got to do with real estate? Well, as a real estate investor I make my calls to for sale by owners and motivated sellers and the other day I called one of the ads in the newspaper, property is surrounded by foreclosed properties in a nice area of town and this property is a potential deal.
I made plans to meet the motivated seller at the home and while touring the interior of the home and entering the master bedroom…voila…a stripper pole installed on a nice stage in the master bedroom!
Only in Las Vegas?? Click to read more! [Read more]
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