Category Archives: Real Estate

Foreclosure, GMAC, JP Morgan Chase, PNC and more

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Being foreclosed on what should I do?

foreclosure sign

Foreclosure

Over the last couple of years. I’ve had a number of clients who have been foreclosed on. Some of them got caught in the “let’s ride the appreciation train” others just had bad luck.

One of the investors, lost 7 4-plexes to foreclosure, this investor bought at the high point of the market under his wifes name, hoping that the market would continue to increase. Another investor bought his properties years ago, he didn’t over pay, put 25% down, and did everything right. He got caught in economic turn down, tenants moved out and new tenants didn’t come.

Banks & Lenders. Continue reading →

Should I Buy or Not

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A Conversation With A New Investor

Should I Buy


New Investor

The other day I had a new investor call me, we will call him Joe, we had recently talked and we was ready to get started investing in real estate. Joe had recently sold his company and had a large sum of money that he wanted to put in real estate.

We had talked and decided it would be best for him to invest in single family homes (SFR). In a price range of $100k to $150k.  He has the cash to buy about 10 properties in this price range and if we leverage that money he could double the number of properties.

The Problem Continue reading →

Mobile Media Marketing and Real Estate

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SMS Text messaging for real estate

Mobile Media Marking

Mobile media marking is coming to real estate in a big way.  Many of you have probable not heard of this terminology before, you may have heard of it as text message marking.  You have probably seen examples of it around and some of you may even be using it without realizing it. Have you seen the signs around that say text SONCI01 to 12233 and received offers.Well that is what I’m talking about. Continue reading →

Commercial Real Estate – Foreclosures

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I’ve been saying that the commercial real estate market is next in line to fall. The Arizona has put together a piece that discusses it and give some good insights, you can read about it here.

The question is can we afford these foreclosures?  The collapse of the residential mortgage market just about did the United States in and has help to ring up the largest deficit in this nation history.

Is government going to step in and bail commercial lenders out also?

Finders Fees Law Changes Arizona

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Governor Brewer signed changes to the the finder fee laws for rental properties. The law now allows Landlords to offer up a finder fee of $200 five times a year to one tenant. This is an increase from the previous amount of $100 six time a year.

The tenant may not perform the following actives in regards to this finder fee:

  1. The tenant cannot show a perspective tenant a dwelling unit.
  2. The tenant cannot discuss terms or condition of renting the unit.
  3. and the tenant cannot participate in the negotiations of the lease.

You can find a summary of the signed law here.