Author Archive
Let’s Go Fishing………..
In my 28 years as a Real Estate Investor, I have come to understand the importance of consistency in searching for property. If you fish long enough, you WILL catch fish, as long as the pond you are fishing in has fish.
That is the discriminating difference in succeeding or failing in Real [...]
When You Can’t Pay….
Given the tough economic times we are living in today, I thought it prudent to offer advise when money runs short and bills are due. Unfortunately, this reality will become more Main Street in 2009 than it has been in a long while.
There is no shame to run low or even out of money, however [...]
Dreams Do Come True
I normally write a weekly article on the subject of Real Estate and how it applies to our daily business pursuits. I tried but I couldn’t this week. Yesterday was one of America’s finest days ever. My real estate opinions can wait until next week. Please read on and be encouraged in your Heritage.
September 22nd, [...]
National Real Estate Market Outlook
In January 2008, the National Association of Realtors predicted resale homes would
increase in 2008 compared to 2007, with the median home price remaining flat.
Not so. In December 2008, NAR now is reporting resale homes prices have fallen over 12 percent in 2008 as compared to 2007, with the median price sinking more than 9 percent.
For [...]
What To Do Now, 2009
I have been burdened over the Holidays. Many concerned Investors have called seeking real estate advise for 2009. I find myself stuttering and sputtering for meaningful reply. What is sound advise today to properly inform and guide Real Estate Investors into 2009? I don’t have a magic potion but if I did, I would drink [...]
Texas AG Proposes Legislation To Help Fight Foreclosure Fraud
Originally posted by Daily Mortgage Fraud News on 10 December 10, 2008
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In the following press release Texas Attorney General Greg Abbott and state Sen. Craig Estes (Wichita Falls) announced a legislative initiative that will help protect Texas homeowners from foreclosure rescue scams. If enacted, the proposal would enhance the Attorney General’s [...]
The Silver Lining…..
With the myriad of bad economic news constantly in the forefront of our lives these days, it’s interesting to stop and consider a few truths.
Take the following paragraph from a lead AP article last week:
http://www.amarillo.com/stories/121308/bus_12016280.shtml
WASHINGTON – Consumers reduced their spending at retail stores again in November while the costs of goods before they reach store [...]
Are Real Estate Investors Bad?
I have been investing in Austin Real Estate for 30 years and for the life of me I can’t figure out why some people assume Real Estate Investors are crooks. Newspapers, civic leaders, neighborhood associations sometimes cast cautious language warning the unwary to be aware of the greedy real estate speculator. Some more overt than [...]
The ‘When’ and ‘How’ of a Buyers Market
If you are an active Real Estate Investor in Austin Texas, you have inevitably heard that we are edging closer and closer to a Buyer’s market. By rigid definition, a Buyers market is when the supply of homes exceeds 6 months the average absorption rate. To clarify, if the total supply of homes in Austin [...]
Valuing Real Estate In Extraordinary Times
When you think about it, accurately valuing property is virtually everything to the successful Real Estate Investor. Correctly identifying the future value of your real estate project (ARV or After Repair Value) prior to purchase creates profit potential. During ordinary times the task of valuation is pretty straight forward.
Ordinary Times
Find your available, pending, and sold [...]
