Monthly Archives: July 2008

It's the Same Old Story, Same Old Song and Dance, My Friend.

Posted on July 29, 2008 by Dennis Fassett

Because I continue to be so bullish on real estate in metro Detroit, I’m constantly talking to people about buying rental properties here. Day in and day out, all kinds of people in all walks of life with all different … Continue reading →

Posted in Real Estate | 4 Comments

Off-Topic Friday: Social Networking Meets Real Estate Investing

Posted on July 25, 2008 by Dennis Fassett

What if I could show you a way to easily find, meet, and network with a few dozen out of state real estate buyers and investors?   What if I could show you a way to network with national business … Continue reading →

Posted in Off Topic Friday | 3 Comments

Of Course You Realize, This Means War!

Posted on July 24, 2008 by Dennis Fassett

Unbelievable. AGAIN.   I kept hearing how this commercial property stuff was different. But it seems like every time I turn around it’s gets more and more bizarre.   As you have read in some of my prior posts, I’ve … Continue reading →

Posted in Apartment Quest | 5 Comments

There’s No Basement in the Alamo, Silly!

Posted on July 21, 2008 by Dennis Fassett

I was out in Southern California visiting my “little” sister for her 40th birthday two weekends ago, and as usual after a few cocktails out on the patio, the conversation amongst us siblings devolved into quoting lines from our favorite … Continue reading →

Posted in Single Family Rentals | 4 Comments

Off-Topic Friday: The Starbucks Curse – Is the Party Over?

Posted on July 18, 2008 by Dennis Fassett

After my wife and I got out of grad school with our newly minted MBAs from the University of Southern California, we high-tailed it out of Los Angeles to the Northern California town of Burlingame. This was in May of … Continue reading →

Posted in Off Topic Friday | 2 Comments

Shut UP Already! The Sky IS NOT Falling!

Posted on July 17, 2008 by Dennis Fassett

I’m confused. I really am.   I’ve been getting a rash of grief lately from the Chicken Little crowd here over my bullishness about buying suburban rental homes here in Metro Detroit.   They’re running up and down the street … Continue reading →

Posted in Real Estate | 4 Comments

A Commercial Hard Money Suicide

Posted on July 16, 2008 by Dennis Fassett

Commercial lenders are suffering in this economy as well – just not as publicly it appears. Last month one of the most prolific Hard Money Lenders on the Commercial Real Estate side of the house killed himself. A Hard Money … Continue reading →

Posted in Real Estate | Leave a comment

The Deal Done Died

Posted on July 14, 2008 by Dennis Fassett

Yep. After all the drama. All the back and forth. All the ups and downs. My first apartment deal is DEAD. Call it doctor: time of death Thursday July 10, 5pm eastern. The cause of death is what’s ridiculous. Again, to … Continue reading →

Posted in Apartment Quest | 2 Comments

Off-Topic Friday: Captain Picard v Captain Kirk

Posted on July 11, 2008 by Dennis Fassett

I have thought for a long time that Star Trek is a metaphor for life. Especially for work and business. But as much as I try to explain it to my wife, I still usually get the blank stare (you … Continue reading →

Posted in Off Topic Friday | 4 Comments

When It Happens to Them It's a Recession – When It Happens to You It's a Depression

Posted on July 10, 2008 by Dennis Fassett

GREAT. I wrote a blog post a couple of days ago about Indymac shutting down it’s lending operations. Something about a Pig Through a Snake. Perhaps you read it – about capitalization issues taking down another lender – blah blah … Continue reading →

Posted in Apartment Quest | 3 Comments