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[17 Mar 2010 | ]

As of the writing of this article, there are still many questions left to be answered in relationship to Chinese drywall. This uncertainty has led many potential buyers to question the home of their dreams.
Estimates are that homes built between 2001 and 2008 could be affected. With so many homes potentially affected by Chinese drywall, it is no wonder that the market is largely paralyzed. The consequences of purchasing a home that has Chinese drywall problems are huge. For many, it means financial ruin. …

Buying »

[17 Mar 2010 | ]

The scope of the first-time homebuyer tax credit was broadened. The deadline was extended to April 30, 2010, eligible current homeowners are included, the income level was increased, as was the maximum price for the home, and other factors of the tax credit changed, too.
One aesthetic that drew many homebuyers was that, for Federal Housing Administration (FHA) home loans, the tax credit could be borrowed against in the form of a “bridge loan” for a down payment or closing costs. A bridge loan is used when funding is expected …

Buying »

[16 Mar 2010 | ]

Moving with teenagers is a very different experience than moving with young children. Sometimes teenagers are very excited about the move, and other times this is not the case.
Throughout the teenage years, children are separating from their family in preparation for creating their own. They begin to depend more and more on their friends for a support group.
Leaving these friends and making new friendships can be very difficult for them. They may be concerned about their new school and what the kids will be like there.
The most important …

Buying »

[16 Mar 2010 | ]

Real Estate always bounces back. It is a simple, yet core component of the ever-increasingly difficult to measure United States economy. With the simple measurement of the housing economy, one can dictate whether or not a recession has ended or if it has double-dipped into a real depression.
With Real Estate as a measurement, the state of the Union is very clear. You can measure housing starts, or the amount of new housing being built each month. You can measure the construction worker’s level of employment, whether it rises or continues …

Buying »

[15 Mar 2010 | ]

So there are new issues arising that are severe with IRA custodians scamming their clients out of money. In the New York Times, the article describes that Fiserv has been caught up in Ponzi Schemes and IRAs not just with Bernie Madoff.
The thought was that no one could ever run scams that would include stealing from IRAs but that has been debunked with the issues surrounding Fiserv.
The IRAs were known as “self-directed IRAs” which are IRAs that are invested in other assets besides stocks, bonds, and mutual funds. The assets …

Buying »

[12 Mar 2010 | ]

Alt-A Real Estate mortgage crisis looms like a tidal wave that makes the subprime mortgage crisis look like a ripple in a pond.
So how does this affect you, the average real estate investor?
First, you have to define what an Alt-A mortgage is and what it is going to do to the fledgling recovery in the current economy.
An Alt-A mortgage, short for Alternative A-paper, is a type of U.S. mortgage that is generally considered a larger risk than A-Paper, which is a traditional prime mortgage. It is also known to be …

Buying »

[11 Mar 2010 | ]

Stimulus, stimulus, stimulus. That’s all we hear every day now. As the outrageous and skyrocketing unemployment numbers rise, we hear more and more about stimulus. The cries grow louder as the shouts for proof of success are stomped down by those inside the beltway in Washington.
So to their point: did the stimulus actually help? Is the stimulus helping currently? And how much of the stimulus remains to be spent in 2010 and 2011?
What has this stimulus done for investing and the Real Estate markets? What about big and small business …

Buying »

[9 Mar 2010 | ]

So Oil is expected to reach $100 here very soon and it is sitting currently at $80 dollars a barrel for light, sweet crude oil. As I say that, I think back to why I as a Real Estate investment person is focusing on the world oil market.
Let’s look at some facts of the matter. Not only is
there enough raw oil in the United States to last us
for 50 plus years alone, but we are not harvesting that oil ourselves and we are subjugating ourselves to the leaders of the …

Buying »

[8 Mar 2010 | ]

In recent times, foreclosures have become the norm and people have increasingly faced the opportunity to buy a bank owned home. These homes are usually uninhabited and are owned by the bank that initially provided the mortgage to the previous owner but it could have been acquired by another bank.
You can buy a home through a foreclosure auction, although the minimum acceptable price tends to be quite high. Sometimes the minimum acceptable price in a home at auction is more than the property is really worth. In …

Buying »

[6 Mar 2010 | ]

There are many people that live in apartments all across the nation. The community environment and the lack of hassle that comes with renting is a prime situation.
If you are looking to rent an apartment there are many tips that will make your search much easier. Being smart about your choice make take more time now but will be well worth it in the long run.
First, you want to make sure that the apartment is equipped with all of the necessary safety features. This means that there …