Recent content by drobin

Guess his superiorers never read the four hour work week.

SG is full of @#$@$!!! They know he can't pay it back and that they won't get that money back. Just trying to make an example of him. :confused:

Here in the northeast (Boston) you have some fools paying 2% - 3% higher than asking in certain areas for new construction and move-in ready. Although I can't see why, but history does repeat its self. I always followed the rule that you buy houses like food clothes and cars, on discount aka...

Ait Traffic Controller. 1. They train you. 2. There is a shortage of them. 3. Very cheap or free travel around the world. 4. Starting salary, last I checked around $80k- $90k.

Just some food for thought, most if not all of the Forbes 400 own real estate or rights in real estate which helps their bottom line networth. Banks, foreign/domestic investors favor hard assets aka "real estate" the one investment no matter what culture, language or religon everyone...

A very wise and very wealthy R.E. investor once told me that stocks and bonds can and sometimes do go down to zero, but real estate never goes down to zero.

I'm a R.E. agent and R.E. investor in Boston, MA. The typical investor formula when seeking to buy any property is not to pay more than 70 to 75 cents on the dollar of the after repaired value, minus any repair costs. Again this is the typical formula used by many small investors and with all...

A good indicator for me is when 1. Competition to buy foreclosed and REO property becomes very hard. AKA :buyers overpay for junkers. 2. Days on market begin to decrease from over 180 days to 90 days or less. 3. Property owners start getting 93% to 95% of asking price. 4. Number of...

That was Yakuza money.

Sorry, Here's the link: http://ml-implode.com/staticnews/2009-03-19_ZeroPaymentDefaultsAreontheRiseatFHA.html

The FHA is experiencing "a large number of zero payment defaults" in which borrowers fail to make even one payment on their new government-insured mortgages, a Department of Housing and Urban Development official said at the Mortgage Bankers Association's annual National Fraud Issues Conference...

Listen the best way to get the value of a property two ways: 1. Realtor comps from MLS. 2. Certified Bank Appraisal, which is MLS info. These so-called secondary ways to get homes values are not worth the paper they are wriiten on. :eek:

I'm putting my money in rent-to-own properties. I buy low & structure a rent to own. It gives me higher down payments, higher rents and a lump sum payout. Bottom line: everyone wants homeownership. :)

Thanks for the update. I'll look into them.