Funniest Real Estate Story Contest Winner is a Hoot

I’ve been following Active Rain’s Funniest Real Estate Story Contest. New York realtor Christine Forgione has won first place with a hilarious tale of an apartment showing gone wrong.

Funniest Real Estate  Story Winner

I’ve been following Active Rain’s Funniest Real Estate Story Contest.  New York realtor Christine Forgione has won first place with a hilarious tale of an apartment showing gone wrong.

Loved it.

In fact, almost that same thing happened to me once, but we were on vacation in Destin when we got locked inside one of those giant condos.  I was the one elected by my family to climb through the tiny window.  And yes, I felt like crying too, because I had such a hard time fitting through that little hole with my nearest and dearest pushing me on through…

Anyway, check out the really amusing Hysteria Does Not Work Well

“It’s My Property: I Can Do What I Want”

This is the story of two landlords who got into big trouble.

Why did they cut out the floor supports of their own six-unit, three-story apartment building, for which they had paid $995,000?

Landlords get into turf war with tenantsThis is the story of two landlords who got into big trouble.

Why did they cut out the floor supports of their own six-unit, three-story apartment building, for which they had paid $995,000?

Why would they put themselves into a position to get arrested and face charges of conspiracy, burglary and stalking?

These landlords made at least 5 major mistakes with the San Francisco property.  All the trouble and pain, both for them and the tenants, could have been avoided had they followed very simple basic landlording advice.

Continue reading ““It’s My Property: I Can Do What I Want””

Buyers Moving Into Dream Homes

The deals for buyers are out there. That’s what we’ve been saying all along.

So what’s the problem now? Too many buyers are holding out for the absolute bottom.

Real Estate's bright outlook

While a lot of people are preaching doom for real estate here’s a story from the Wall Street Journal about prospering during today’s markets.

A couple finally moves into their dream home instead of having to commute to work 50 miles each way.

I don’t think they’re the exception now.  The deals for buyers are out there.  That’s what we’ve been saying all along.

So what’s the problem now? Too many buyers are holding out for the absolute bottom.

Read The Brighter Side of Housing

Check Out Chopper Tour of Florida Celebrity Homes

Looking for new Florida houses with basketball courts or parking spaces for Boeing 707’s? Check out some of these- from this free chopper tour.

Looking for a new Florida Manse?Check out some of these. David Siegel’s $5.8 million, 17,913 sq. ft.Shaquille O’Neal’s $11.7 million, 12.5 bathrooms, complete with a basketball court, of course. John Travolta’s strange airport terminal type house with a 16 car garage and parking spaces for a Boeing 707 and a Gulfstream Jet.

Flippers to Do Well in These Real Estate Times

William Bronchick has a new article on why flipping is still a great way to make money in real estate.

Finding an undervalued property is what seasoned flippers do best, according to Bronchick.

William Bronchick  has a new article on why flipping is still a great way to make money in real estate.

 

Finding an undervalued property is what seasoned flippers do best, according to Bronchick.

 

My Dad, who has been a real estate investor and landlord for 50 years, agrees.

 

“Find a property with a little something wrong with it and fix it,” Dad says.

 

What caught my eye about Bronchick’s point is that even if you get stuck in a deal that doesn’t exactly work out like you wanted, keep the property and rent it out for a while. You can sell it later when market conditions improve.

Bronchick goes on to talk about the rental market being counter cyclical which means you can still generate good income from a bad deal as long as you know what you’re doing.

Read Flipping Houses Works in Any Market