In the seemingly never ending interim time between the beginning and the end of the commitment letter process, the owner of the building and I finally agreed that it was time for me to do my physical inspection. It would be swinging without a net a bit for me, since I had neither the financing lined up nor the due diligence finished, but based on both the seller’s motivation and what I had seen already…
Author: Dennis Fassett
I'm pleased to report that after multiple decades of hard-headed stubbornness, I've finally figured out that all work and no play makes Johnny a dull boy. So I've taken it upon myself to convert my wife and now adult(ish) kids into a roving band of merry adventurers.
From horseback riding in Monument Valley to ocean kayaking in Acadia - all of our exploits have earned the coveted "epic" label from the younguns.
I'll tell you about them - and also about the other "adventures" I'm having in my real estate investing business.
You can also find me over at DennisBuysHouses.com
Unbelievable – The Mainstream Media Now Says that Renting Is a Good Thing?
What is it with these people? Do they not have any core values at all? First they spend years telling everyone that home ownership is the only way to go. Then when the housing market hits the skids they’re now singing the praises of renting?? I guess that anyone can justify anything. Now renting of all things is part of the American Dream. What a crock of BS. This reminds me of the 70’s. Jimmy…
Can you REALLY Make an 8% Fixed, and Fully Secured Return on Your Money?
The answer is absolutely YES. How? Start by taking a look at the short, 1 minute video below. It shows the next home that I’m looking to add to my portfolio of long-term rental properties. It’s an all brick, 3 bedroom, 1.5 bath bath home in Harper Woods, Michigan that needs absolutely no rehab whatsoever. It also happens to be in the best school district in the entire state – Grosse Pointe. Homes on this…
The News Keeps Getting Worse – Which Means There Has Never Been a Better Time to Get Started Buying.
This result was not unexpected – there was supposed to be the last huge number or ARMs readjust in March. What’s surprising is that this time last year the pundits and analysts were talking about the real estate market taking a bath in Q1, but then after that the market was supposed to improve. Regardless of the timing though, there has never been a better time to jump in and start buying. Prices have never been lower,…
Latest Buy – Closed Yesterday with over $60,000 in Equity!
Can I find one for you? Here’s the property that I wrote about a couple of weeks ago. 3 bedroom, 1.5 bath all brick ranch home in the best school district in the state – Grosse Pointe. Roof, furnace, central ac, and water heater are all like new. As are all the appliances that were included. This home also has a full, partially finished basement, a two car garage, fenced yard, and a three season…
The Building – Part II: Fannie Mae Strikes Again
And I’m STILL waiting for the seller’s 2007 tax returns. In the mean time, I’ve been working on getting my financing squared away. What a nightmare this is turning into. Before I even finished negotiating the PA I interviewed six mortgage brokers and called around and talked to a couple of others. I settled on two, and began the process of getting a hold of the elusive “Commitment Letterâ€. Now from my residential experience this…