RECENT BLOG POSTS
So, after arranging my calendar to be in the community around lunchtime, I arrived about 11:30. The neighborhood/community of a little over 2,000 reminded me of a beach community(without the beach). There was a great mix of properties in the area: a geodesic dome house, some older, “long-time liv...
10/05/2009
As a property scout for a large SFR real estate investment & holding company, I get to see, feel, and touch areas of the San Francisco Bay Area I’d otherwise never see or even know existed. What brought me to this particular property was a targeted MLS search that looked interesting. On a daily b...
09/23/2009
This is a NorthPoint spin off. This service will be nationwide soon. One of the goals is to eventually displace Case/Shiller as the "go to" source for the media, et al to get news on what the real estate market is doing in the thousands of micro-markets, not just the 20 ubermarkets Case/Shiller...
06/23/2009
We knew we had a great property but we were very surprised that we received 10 offers all well over our asking price. This was on a SFR in Patterson, CA. Our research showed a strong rental market for this product that was selling for $500k+ at the peak of the market. The replacement cost is m...
05/14/2009
Why? It certainly wasn't due to a shortfall of inventory choices. It certainly wasn't due to interest rates being too high. I think it was a combination of: Fear that prices would continue to go lower, and Banks changing lending practices limiting buyers ability to borrow. This kept buyers from b...
04/24/2009
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We were having our weekly meeting the other day and this topic came up. I thought it was interesting. Are we in the middle of a cycle? Or is this a full blown reset of current economy and the way we know it? If the best advice is to invest in the valleys and troughs of a normal business cycle, ...
04/09/2009
Over the last two years one of the biggest reasons give for not moving forward with a purchase is the, "I want to wait until prices go down further". This may sound valid to a point but when you consider where interest rates are likely going to head in the next 12 to 18 months, maybe not. Furthe...
04/07/2009
This property is an investors dream. Most typical residential real estate investment risks have been mitigated! Here's why: More than $29k of built in equity mitigates loss of value risk. Tenant in place on a year lease mitigates lease-up fees & rent ready costs. Cash flow positive on 30 year f...
04/06/2009
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Check this out, we are putting on two free educational webinars. If anyone has an interest in either of these areas please register. This is a great way to get direct information from experts on either topic. All from the comfort of your own home. If you are a realtor and have a referral int...
02/08/2008
Seeing this graph inspired me to post again. It is the Private Mortgage Insurance (PMI) Risk Index for 2008-2009. This kind of puts the "lie" to the media's continued reporting of a "national" housing crises. PMI basically insures risk. They understand risk. They forecast risk. If they ...
01/18/2008