Warning: 3 Facts You Should Know About Condos

I’m going to give it to you straight. You need to be warned about investing in condos…

condos, condo investingHere are three facts you should know about condos before you invest in one.

I think I’m qualified to talk about this, since we have had almost 15 condos for over 20 years.  There are potential minefields here although condos can be excellent investments.

Continue reading “Warning: 3 Facts You Should Know About Condos”

Michael Jackson, Madoff, and Global Warming Bill

What do Michael Jackson, Bernie Madoff and the Global Warming Bill have in common?

Lack of due diligence.

Bernie Madoff, Madoff and Pam Beach, Madoff What do Michael Jackson, Bernie Madoff and the Global Warming Bill have in common?

Lack of due diligence.

Michael Jackson allegedly  got some very bad financial advice.  We covered that  teeth gnashing  problem in yesterday’s post.  Bernie Madoff has left a lot of smart investors without anything. 

ABC News is reporting Madoff victim Kathleen Bignell is living off of social security now and had to tell her 89-year old father there isn’t enough money for his burial.

The Global Warming Bill was quickly passed yesterday by the House without many people having had the opportunity to read it. 

Most of us don’t know what’s in there, but I have a feeling we’ll eventually find out- after it’s too late and our taxes go way up.

So what’s my point?

We need to take control of our own economic destiny.  We need to read and know everything, down to the smallest details, that affect our bottom lines.

We can’t put our money and our real estate properties into any one’s hands, no matter how capable they are, and just leave them.  We have to be on top of everything.

As for contracts- like the Global Warming Bill- we just never sign anything unless we have taken it apart syllable by syllable.

Here is another source about Palm Beach and the Madoff Scandal I thought you would be interested in.

Brian Ross Investigates the Secret World of Bernie Madoff

NYT Explored Michael Jackson’s Real Estate Problems Three Years Ago

www.industryfinest.com
www.industryfinest.com

 As early as 2006, The New York Times had already written  a revealing article about Michael Jackson’s money problems that included real estate difficulties.

We looked the old article up and it was prophetic. 

The NYT brought out the fact that Michael’s real troubles started when he began taking bad financial advice in the early 1990’s.

The star who owned the Beetle Catalog made another big real estate investing  mistake.  He fell emotionally in love with one piece of property, Neverland Ranch.

As we remember it was that strange Disneyland  clone of such that was almost foreclosed upon  about a year ago.

But as the NYT pointed out, paying for the  upkeep of $4 million or $5 million per year, depending upon whom you ask for figures, isn’t the way to make money with real estate. 

As we all know, it’s supposed to be the other way around. 

Read What Happened to the Fortune Michael Jackson Made

Is Curb Appeal Still Important?

Is the curb appeal or lack or curb appeal stopping the sale of your property?

Curb appeal can make or break a property.

curb appealI can’t understand why otherwise smart real estate investors and homeowners don’t get that.

Perspective buyers and tenants really do judge a property by the outside.

Why?  Same reason why book covers matter.

So what are some basic tips for good curb appeal?

EVLiving.com has a very good article spelling out such advice that you need shrubs but don’t make them too complicated.

(I can personally agree with that because I have hedges all around my front yard that have to be trimmed once a week.  Sure, it looks great right after they’ve been freshly snipped.)  

Read Curb Appeal Matters When Selling Real Estate 

Jon & Kate Goslin’s Old House Not Selling

Jon and Kate Goslin are having trouble selling their old house. So why hasn’t it sold?

Jon and Kate Goslin, Jon and Kate's house for sale

Jon & Kate Goslin of that infamous reality show, “Jon  & Kate Plus 8″, are having trouble selling their old house.

It’s been on the market for three months already.  So what’s the problem?

A good clue is in the readers’ comments.

A realtor writes,” There are only three reasons why a house doesn’t sell…”

Continue reading “Jon & Kate Goslin’s Old House Not Selling”