Killer Short Sale Interview with Newbie Who Made $40,000

J.P. Moses interviews Oklahoma short sale newbie Ron Harris who pulled off two short sales, grossing $40,000 with no rehabbing.

We have a lot of killer short sale info for today.

Starting with J.P. Moses’ interview with Oklahoma short sale newbie Ron Harris, we have  his excellent interview detailing how Ron pulled off two short sales, grossing $40,000 with no rehabbing.

Also J.P. gives an outline of what’s covered in the interview, which I think is particularly helpful. 

Go to Short Sale Newbie Interview

 

Also, Illinois Realtor Julie Harris has a FAQ short sale list that covers basic short sale questions, such as "Will I owe any taxes on the deficiency?" The answer is ‘no’, thank goodness.

This FAQ list  was written primarily for realtors who are finding themselves suddenly doing short sales, but it’s a good resource for all of us.

Go to FAQ Short Sales     

 

More short sale articles

More homeowners choose to brave world of short sales  Nashville homeowner Shannon Hancock sells her home with a short sale after her mortgage escalates from $1310 per month from $940. Shows the desperation of some homeowners looking to sell their money traps…

 

Big loans, short sales  An Indian writer’s prospective on American real estate and short sales.  He quotes Moody’s Economy.com that there are 10 million  homeowners with negative equity.

 

 

 

Are Surveillance Cameras in Your Properties’ Futures?

Surveillance cameras connected to 911 emergency centers may become the future of property security and not a moment too soon for some of us…

Surveillance cameras connected to 911 emergency centers may become the future of property security.

As landlords and real estate investors we know only too well the responsibilities to protect our properties and our tenants.  This breatkthrough may become a weapon of choice for many of us.

 

So far the new system is being tested by real estate investors/rehabbers like Charles Hill of Chicago.

After his rehab was being vandalized he decided to hook up his cameras to the police.

 

The main advantage is first responders will know exactly what is happening on a property and where to send help in real time. 

 

This could possibly save properties from vandalism, but possibly may stop arsons and fires as well as save lives.

 

Read more about home surveillance cameras in Homeowner links camera to city cops   

Bailout Confusion: What’s Next?

Are you concerned about how the bailout will affect your real estate investments for years to come? Here are some answers?

Still confused about the bailout?

You’re not alone.

Are you concerned about how it will affect your real estate investments for years to come?

The Wall Street Journal Online has a website of videos that give excellent summaries from John Friedman’s " call it a crash and meltdown, that’s what it is," to Jerry Seib explaining the bottomline of why the bailout is in trouble.

Go to Wall Street Journal Videos for Bailout Telling It Like It Is  

 

Also The Times of London has a very good hour by hour summary of what went wrong with the bailout yesterday.  Go to Timeline: Bailout Fails On Rollercoaster Day 

 

“Always Have a Plan B” Donald Trump

“Always Have a Plan B” Donald Trump says. He ought to know since he almost went bankrupt in 1990.

With all the bad real estate market news, I thought I would continue this little series about real estate billionaires and how they adapt    to "bad times."

 

What list would be complete without  Donald Trump?

(Currently he’s  #134 on the Forbes Richest 400)

 

I guess most everyone is familiar with The Donald’s blog, Trump University.

 

I was tempted to dismiss it at first because of all the hype, but I have to say I actually  like it.

 

Continue reading ““Always Have a Plan B” Donald Trump”

Mort Zuckerman Buys $2.8 Billion GM Building

What does real estate tycon Mort Zuckerman think about today’s real estate market?

He’s buying.

In fact he just purchased the General Motors Building in Manhatten for $2.8 billion.

What does real estate tycoon Mort Zuckerman think about today’s real estate market?

 

He’s buying.

 

In fact he just purchased the General Motors Building in Manhattan for $2.8 billion.

 

Is he tossing and turning in dark restlessness  every night?

 

Hardly.

 

"It is the best single purchase that I’ve made since I’ve been in the business," Zuckerman tells Forbes.

 

Read the Forbes’ article about the GM Purchase to learn more