Archives: April 2011

Investors Round Table Meeting – Success

Categories: Properties
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Published on: April 28, 2011

Yesterday we had our group’s first Round Table meeting. In my mind it was a success.

When I had planned this meeting the goals were simple:

  1. Intimate networking.
  2. Share with the group an investment you are considering and get the group’s feedback, ideas, and suggestions.
  3. Share with the group an issue or a problem you are having as an investor and see what ideas and suggestion the members have to help you over come it.

I was hoping for a collaborative and sharing environment and this is exactly what have happened. I cannot be more pleased.

Instead of having a quick round of introduction we went one by one and after a very quick intro each member had an opportunity to present what he or she are doing, and what challenges they face. The intro was followed by questions from all members to get a better understanding. The questions led to a more depth discussion and even some philosophical conversation.

What I enjoyed most was that there was no holding back. Criticism and supportive ideas were given in a very constructive and fruitful way.

I believe, and hope, all members had found this session beneficial.

Thank you for those who had took an active part in the session.

Dani

Condos for less than the cost of a Corolla

By Les Christie, staff writerAugust 2, 2010: 4:15 AM ET

NEW YORK (CNNMoney.com) — The housing bust has made owning a home a lot more affordable — but in some places, prices are extraordinary; you can buy a nice condo for less than the cost of a new family car.

Some cities have dozens of attractive condominium listings selling for $50,000 or $25,000. There are some selling for less than a new Toyota Corolla. And these are not derelict hovels in crime-ridden communities: These homes are often in move-in condition and located in nice neighborhoods.

“Not to sound like a salesman, but there are some real bargains out there,” said Kevin Berman, a broker with Bankers Realty Services in Fort Lauderdale, Fla.

The housing bust has taken down the national median home price by about 23% since 2007, according to the National Association of Realtors (NAR). But condo have fallen even further, down about 25%. (more…)

Vulture investors flipping their way to big profits

By Les Christie, staff writerApril 13, 2011: 5:26 AM ET

NEW YORK (CNNMoney) — Even in these down times, there’s money to be made buying and flipping houses.

One might think this would be a most dangerous game — after all, home prices are down more than a third from their peak in most areas. But plenty of investors are taking the risk in exchange for big profits.

In fact, nearly 1 million homes were bought as investment properties in 2010, according to the National Association of Realtors.

“It’s absolutely viable,” said Perry Henderson, a real estate agent and investor in Austin, Texas. “But you have to buy intelligently and go after the right opportunities.” (more…)

Real estate: It’s time to buy again

Posted by Shawn Tully, senior editor-at-large | March 28, 2011 5:00 am

Forget stocks. Don’t bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.

A home under construction in Austin. The number of new homes in the pipeline nationwide is quite low.

From his wide-rimmed cowboy hat to his roper boots, Mike Castleman fits moviedom’s image of the lanky Texas rancher. On a recent March evening, Castleman is feeding cattle biscuits to his two pet longhorn steers, Big Buddy and Little Buddy, on his 460-acre Bar Ten Creek Ranch in Dripping Springs, a hamlet outside Austin in the Texas Hill Country. The spread is a medley of meandering streams, craggy cliffs, and centuries-old oaks. But even in this pastoral setting, his mind keeps returning to a subject he knows as well as any expert around: the housing market. “I’m a dirt-road economist who sees what’s happening on the ground, and in 35 years I’ve never seen a shortage of new construction like the one I’m seeing today,” declares Castleman, 70, now offering a biscuit to his miniature donkey Thumper. “The talking heads who are down on real estate will hate to hear this, but America needs to build a lot more houses. And in most markets the price of new homes is fixin’ to rise, not fall.”  (more…)

Dani Answers Quora Questions About Building A Power Team – Video

Categories: Properties
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Published on: April 11, 2011

Answering a questions posted on Qoura.com:

 

Buying My First Property. How and What I should Know – Video

Categories: General Investing
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Published on: April 11, 2011

Answering a questions posted on Qoura.com:

 

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