I realized the other day how much I really don’t like working on houses. Sounds odd coming from someone with a real estate business, doesn’t it? But I’m not alone. Most of the people that know in this business are the same – they really don’t like doing the work themselves. And for good reason. It’s dirty, sometimes difficult, and always takes time away from other things. Especially family. But as I was crawling around…
Category: Real Estate
Want to LAUGH at the Stock Market Volatility?
Ever since the dot com bubble burst in 2000 and the catastrophic events of 9-11, as a country we have been struggling to recover the value in our retirement accounts. One article that I read indicated that the losses in value due to these two events were as high as 60%.With the overall market averaging an historical annual return of 7%, do you know how long it would take to recover that 60%. 14 years.…
Introducing – NOOP
For those of you familiar with the real estate market in the Detroit area, you know that this is a ONCE IN A LIFETIME opportunity to build a real estate portfolio. Yes, I’m sure that you’re all used to the bombast and hyperbole inherent to bogs. But I’m serious about this. Dead serious. Why? Let me ask you this – where else can you routinely find single family homes priced at forty to fifty cents…
Perspective – Part II: Kudos to Wagner, Shame on Mulally
More than 50 years ago, then-General Motors President Charles Wilson reportedly said “What’s good for General Motors is good for the country”. My how things have changed. There was a time back during the dot com bubble that even AOL had a larger market value than GM, and there was even talk of GM becoming a subsidiary of Amazon.com. My point is that the automotive manufacturers no longer have the impact on the national economy…
To Hold or Not to Hold . . . . .
 This is the perpetual question, isn’t it? You have your target area and you watch it like a hawk. You know what’s available and where they all are price-wise. You pay attention to each new property that becomes available, and you strike like a ninja when you see an opportunity. Then what? Actually, if you’re an experienced investor, the question isn’t “Then what?â€, because you knew what your exit strategy was before the offer…
Perspective is in the Eye of the Beholder
Perspective is an interesting thing. It can allow two different people to look at the exact same thing at the exact same time and come up with completely different opinions. I bring this up because I just read something interesting by another writer that I’d like to share: Have you seen the latest housing market stats that were recently released? It isn’t pretty, folks, and this market is nowhere near a bottom. It’s going to…