Christopher McClatchey's (cashflowinvestor) Blog

I found this on youtube and thought it might be helpful to explain how the tax credit works.  Follow the link below.   http://www.youtube.com/watch?v=suiAfys53aU   Chris McClatchey Housing Market Realty Cocoa, Florida

We have been using private lenders to finance our investments exclusively for about a year and a half.  Recently, it seems everyone is trying to do the same thing.  About a week ago one of the "Self Directed IRA" company's put on a "Mixer" to mix their clients with real estate investors. The purp...

Another Bank blunder. I know, it's becoming commonplace.  This one is unbelievable!  About a year ago, our real estate office (Housing Market Realty in Cocoa, Florida) took in 2 listings right next door to each from the same owner.  She was an investor who was over-leveraged and was having a cash...

For those of you who have been following my blog, you will recall that I am of the opinion that the Investor Market has significantly increased.  We have been in multiple offers countless times, we have lost contracts despite bidding over list price and we quite frankly have lost contracts by bei...

Last week I commented on the fact that my company (THM Investments) had placed on "over list price" offer on a property in Brevard County, Florida and lost the deal.  I believe that the real estate market is picking back up because of how poorly the stock market is performing.  My analysis is not...

I actually lost a deal today to another investor.  The ironic part of it was that my offer was MORE than the List Price.  That's right, MORE than the List Price.  This seems to be more and more of a trend in Brevard County (near Cocoa Beach about 45 min. East of Orlando).  We are seeing resistanc...

Port St. John Wholesale Deal 6463 Hudson Ave, Port St. John 3 Bedroom / 2 Bath / 2 Car Garage 1268 Sq Ft. Built 1990 (Sales Price in 1990 $63k) Last Sale $182k (9/05) Transferable Termite Bond Included Minor Repairs Needed (for rental ready) Rent Range - $800-$1000  Asking $62,500 + closing costs...

I know. Can you believe I said that.  I can't. But here are some reasons my beliefs are changing. The Court Systems are so back logged with Foreclosure cases right now that it will typically take between 12 and 18 months to get back the property.  Yes, in Brevard County Florida, that means that t...

Being both a Realtor and an Investor, I have heard alot of talk lately about whether the banks will issue 1099s, won't issue 1099s, will forgive the deficiency judgments or whether Federal Legislation will negate them.  There is alot of speculation on this topic along with alot of misinformation....

Another unbelieveable bank story :  An agent in my office of Housing Market Realty in Brevard County, Florida had an unbelieveable situation with a short sale listing. The listing is a direct Indian River Front Condo, in Port St. John, Florida.  The condo has been on the market for over a year wi...