Thursday, June 29, 2006

Real Estate Investing Today

There is a lot of talk about the air coming out of the market and real estate investors rushing to liquitdate their holdings. But exactly who are these investors?

I have been yelling from my soapbox for quite some time that there is a difference between investing and speculating. Counting on rapid appreciation and buyers' greed is not investing. But purchasing a home at or below market value (considering many factors like needed improvements, neighborhood condition, vacancy rates, etc.) and holding onto it for the long term is still the smartest way to invest in real estate, and thus build long term wealth.

Opportunities abound for those who know where to look and with whom to look. Act now if you have been standing on the sidelines. Be patient and realize that this latest real estate market is a lot like the post stock market boom. People will talk about how bad the sales are and where they are headed. But for those who carefully study and buy right, there is another upswing just around the corner.

Seven year cycles. Seven year cycles...

Thursday, June 22, 2006

Credit Scores & You

People ask me all the time what exactly adjusts your credit score. Well, the correct answer is that "nobody knows". Oh, I'm sure the boys at Experian, Trans Union and Equifax know. But that is about it.

But there is quite a bit of speculation out there on some topics. A mortgage lender recently sent me a list of 32 Facts About Your Credit Score sheet. If you would like a copy simply email me at Just state that is what you are looking for.

And if you don't want to bother asking for the sheet you can just google an answer. But you know what you need to do; Don't take out more credit than you need. Don't forget to pay it back!

Wednesday, June 14, 2006

Honk! When you see me driving around town.



I agree with this article. I suggest you read and study the market and act!!!

"As interest rates rise and the number of eager new buyers begins to diminish, adding supply to an already bad real estate market for sellers may mean a very good market for buyers and for property investors."

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