I’m sure that you have seen the news reports out of Ohio a while back. First one, then a second Federal Judge dismissed foreclosure proceedings because the lenders “failed to prove that they owned the properties they were trying to seizeâ€. That’s a complicated way of saying that the paperwork is screwed up. (If you’ve ever worked at a big company, you know that this is the rule not the exception.) More importantly though, neither…
Category: Real Estate
How to Buy Your FIRST Apartment Building
9 Audio CD’s For New Apartment Building Investors How To Buy Your FIRST Apartment Building This is critical information that a new Real Estate Investor needs to shortcut the learning process necessary to have a truly Set and Forget Rental Property business. Just some of the content in the five audio CD’s includes: The Michigan Rental Real Estate Update for 2009 – why this is the year to buy apartment buildings. What do you need…
Arrowhead – #923
A 66 unit multifamily property situated in Oakland County, Michigan, near shopping and mall. Centrally located with easy access to transportation and bus line. A mix of large sized one and two bedroom rental units. Onsite management office. Coin operated laundry and vending machines. Confidential Sale. Contact Dennis Fassett at (248) 470-8170 for more details or to schedule a private showing. Click the link below for the property overview information package. arrowhead-923 Offered through Apartment…
Need a Better Retirement Plan? Apartment Buildings Blow Away Bonds.
I just read an article that said that treasury bill and bond rates of returns are approaching ZERO. (I’ll post it tomorrow) So it’s clear that everyone with investable funds is looking for higher returns at least in a portion of their portfolio. Residential real estate, including apartment buildings, offer those types of returns with risks that are substantially lower than the stock market. Hat tip to @Eric_Urbane and @mbrewer on Twitter for the heads…
Chinese Property Hunters to Raid US
This is an article that ran in the Financial Times yesterday. It seems that some deep pockets in China think that we’re near the bottom here, and they’re ready to jump in and start buying. I happen to agree with them. Â Chinese Property Hunters to Raid US By Geoff Dyer in Beijing Published: December 5 2008 20:10 | Last updated: December 5 2008 20:10 Chinese bargain hunters are preparing to descend on American cities…
Um – It Smells Like There’s A Dead Body In There
That’s the voicemail that I received yesterday afternoon while we were out cutting down our Christmas trees out near Holly. My intrepid resident maintenance man at my recently acquired apartment building called to tell me that a set of tenants had moved out unexpectedly and that the people across the hall were complaining about a really nasty smell coming from the unit. He didn’t have a key and he didn’t really want to go inside…