Brevard Investor, Solid Investing in an Unstable Time. Specializing in Transaction Engineering and Creative Problem Solving backed by Education and Experience

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Real Estate Broker/Owner - Housing Market Realty
RECENT BLOG POSTS
Now is the time to grow.  Ramp up marketing, work smarter and create increase.  I keep reading about folks who are cutting back.  turnig off cell phones and cancelling advertising all in the name of being careful!  Now, don't get me wrong, being careful with your money is important, of course.  B...
02/02/2009
As 1099's roll out, there is a new wrinkle for many folks who lost their homes.  Huge 1099's.  When a bank shorts, it can be considered a gift or consideration, which is taxable.  I have seen 1099's as large as almost $90,000.  Think about adding that to your taxable income. So, folks who couldn'...
02/01/2009
It seems to me that the only people buying are investors.  After speaking with one of Brevard county's leading REO agents, it became more apparent.  He is moving listings, but they are going cheap.  It is not uncommon for a solid block home that needs basically paint and carpet to sell for $40-45...
01/29/2009
When I first started investing some 10 years ago, I used a cash flow multiplier to make a quick and dirty determination if a deal warranted my time for further investigation.  Quite simple actually:  Take 1% of the purchase price and compare to the market rental rate.  If the number is greater th...
01/29/2009
This post is an update of a similar blog post I wrote a couple of weeks ago. The City of Sanford is strongly considering putting some major cumbersome burdens on property owners.  Some of the proposals include new stringent property codes, registration of all rental properties, designating a loca...
01/27/2009
I have been blogging on AR for not quite a week now and have to say that I am addicted.  The network of Real Estate pros and the diversity is great.  I have been struggling recently with this:  I am disappointed at the overall negativity in the media, and want to tune out completely BUT I need to...
01/27/2009
Do you have a buyer that can afford a home but has bad credit?  We have a great home for them.  This 3/2 block home is in desirable north cocoa on a cul-de-sac.  Home needs a few finishing touchs but a great opportunity!  We are offering it  for $104,900 with 5-10% down.  Payments will range from...
01/25/2009
I have noticed that the inventory on our local MLS board has been droppping. Actually since Nov 2008, we have shed about 20% of our listings.  It was suggested that this was attributed to listings expiring at the end of the year and that the number would bounce back mid-January.  So far we have n...
01/25/2009
 As an seasoned full-time investor, I am often asked "what is the secret?" to being successful as an investor.  My answer is that there are lots of secrets!  But one of the most important is relationships.  Building a relationship with a Realtor is no exception.  I have seen too many buyers, both...
01/25/2009
We recently had a frustrating experience with a short sale (who hasn't!), here are the basics: We had an offer on the table of $58K all cash with POF (proof of funds) submitted to loss mitigator.  We were told BPO was higher and offer was unacceptable.  The comps showed 49K to 65K sales of simila...
01/23/2009
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Charles Fischer

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