The Financial Reform Bill, or S 3217 could have disturbing consequences for real estate investors. How?
The disturbing S. 3217 bill is now sailing through the Senate and some real estate investors say it needs to be stopped.
It is The Financial Reform Bill sponsored by Senator Dodd of Connecticut. REIN, Real Estate Investors of Nashville, considers it to be very dangerous.
REIN is urging its members to inform their Congressmen and women to vote against this bill.
The problem is the language which may be interrupted to state real estate investors may not sell more than one property within a 36 month period with a seller held note/installment sale/seller financing.
To sell more than one you will need a mortgage broker’s license.
We need to stay on top of any legislation that could curtail our investing.
On behalf of hundreds of thousands of FreedomWorks members nationwide, I urge you to VOTE NO on S.3217, the Restoring American Financial Stability Act of 2010. The legislation being pushed in the Senate includes a massive new regulatory …
The Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173), just adopted by the House of Representatives (and sent to the Senate as S.3217) includes language giving more power to the Federal Trade Commission to make general …
Stop The Financial Reform Bill – S. 3217. WHY? In short it grants permanent, unlimited bailout authority to the Federal Reserve. It’s like TARP forever without the nasty, unpopular debates and votes in Congress. …
What was your hardest deal? Now you can listen in as real estate investors share their stories
What was your hardest deal is a question being asked over at Bigger Pockets. We tuned into the conversation which is fascinating.
Real estate investors are sharing some of their war stories such as the one where an investor was buying a waterfront property valued at $1.2 million and the owner had mortgages totally around $900,000.
The first mortgage for over $600,000, was being foreclosed upon and to summarize, the investor ended up having to bid for it on auction because the owner had gone bankrupt and…
You can probably guess the rest of the story but it’s entertaining nevertheless.
Dr. Housing Bubble is reporting a lot of real estate inventory in Southern CA is going to MLS finally
Southern California’s MLS inventory is growing, thanks to distressed homes. That’s from a report coming in from Dr. Housing Bubble, one of our most fav blogs.
Dr. Housing Bubble says that these distressed homes were supposed to have been put in a loan modification program called HAMP. The ambitious plan was to help upwards of 4 million distressed homeowners but it didn’t reach anywhere near that goal.
What do you do with all that inventory that is now piling up?
How about the good ole MLS?
So these properties are in the MLS now but does that mean prices will come down soon?
Development UPDATES: Another bank begins to destroy 20 homes in Temecula in Southern California. New homes by editor Patrick Thatcher for the Victorville Daily Press-L’effondrement accommodation takes the form of a literal demolished an …
The nation’s inventory of unsold homes – an important component of a more balanced housing market in the second half of 2005 – is growing steadily in many areas of the country even though buyer demand continues strong, according to … The percentage of member real estate agents reporting plentiful vs. limited supplies increased from 33% in the first quarter to 38% in April, May and June. Exceptions would be South Florida, Arizona, Southern California and certain other …
Curbed NY has some interesting news. I was struck by the New York City landlords who aren’t real popular with their tenants. Now some of those unhappy tenants have put up a Facebook Group that is not quite complimentary. Whoops.
Just goes to prove you need to have as good a working relationship as you can have with your tenants because these days with all that Tweeting and texting on phones, etc. you might get some very unwanted publicity.
I have no idea what the real story is behind the “I Hate _____” facebook group, but if you try to treat your tenants fairly they will most likely bring you new tenants. That has been the best kind of advertising for us.