Home Buyer Tax Credit Questioned

The home buyer tax credit is being questioned by experts. Did it help? Was it worth it?

Our question on this blog is what has been taking them so long to ask?

The home buyer tax credit is being questioned by experts.  Did it help?  Was it worth it?

Our question on this blog is what has been taking them so long to ask?

We’ve been wringing out hands as landlords ever since the first  homebuyers credit went through.  Why?  Because we have lost tenants who jumped ahead to make the deadlines and bought houses.  We were left with empty units during the worst of the recession.

Forbes has a very good article about this and quotes,” but don’t let appearances fool you.”

In other words homeowners were not created out of thin air.

Read Will the home buyer tax credit help?

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3 Tips for Finding Good Tenants

Can you find good tenants without wasting a lot of precious time? What every landlord should know; quick and dirty

Here are 3 tips for finding good tenants

Renting units is hotting up for me because this is our busiest time of year.

Dealing with tenants, prospective tenants, looky lous and just plain crazies is getting to be second nature.  You don’t think you can handle it, but guess what, you can.  You get better at it with practice.

I have always hated putting signs out, but I understand signs bring in the calls.  One of the problems we have come across is that looky lous will call you wanting to see the unit immediately.  They also get miffed because you “won’t come to the door.”

Excuse me? 

They often think the unit for rent is the one where the sign is.  I had one lady call last weekend mad because I wouldn’t come to the door and let her look at the unit right then.

“But I’m not even there,” I tried to tell her. “I’m in another part of town.”

“You show it to me now,” she demanded.

I had already rented  two units off the sign and the next one wasn’t coming up for about three weeks.  My plan was to just let people know about the next unit.

Nope.  There was no way I could convince this woman.  Besides, I didn’t want the tenant who was living in the unit to move because people were ringing his doorbell constantly.

Solution: I took the sign down.  I’ll put it back up later.

Here are 3 tips for getting good tenants Continue reading “3 Tips for Finding Good Tenants”

Mortgage Fraud Crackdown: 1215 Fraudsters Caught So Far

Mortgage fraud crackdown captures over 1200 fraudsters. This is just the beginning according to Holder

A mortgage fraud crackdown has caught 1215 fraudsters.  The government estimates losses have been at $2.3 billion so far.  What’s more, some fraudsters have bankrupted whole companies, according to U.S. Attorney General Eric Holder.

Apparently, this crackdown is only beginning.  The FBI is now investigating fraud activity in large institutions.

Stay tuned.  This is getting interesting.

Read Authorities Reveal Mortgage Fraud Crackdown

The Real Estate Wonk: Multitudinous mortgage fraud – Reporter

The FBI, which Thursday announced hundreds of arrests for mortgage fraud nationwide, notes that the scammers are choosing from a long menu of possibilities in this uncertain market. For instance: Bankruptcy as a scammer tool. …

Publish Date: 06/18/2010 6:00

http://weblogs.baltimoresun.com/business/realestate/blog/2010/06/multitudinous_mortgage_fraud.html

New Twist on Mortgage Fraud | DoD Live

The latest mortgage relief scam to exploit financially strapped homeowners involves forensic mortgage loan audits. In exchange for an upfront fee of several hundred dollars, so-called forensic loan auditors, mortgage loan auditors or …

Publish Date: 06/17/2010 15:18

http://www.dodlive.mil/index.php/2010/06/new-twist-on-mortgage-fraud/

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Small Homes Gain Popularity

Smaller homes are making a comeback in the new real estate markets. Find out more about what’s going on.

A large home with complex rooflines under cons...
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Small  homes are gaining in popularity according to the Ottawa Citizen.

New homebuyers are thinking smaller because of land costs and the fact that McMansions are losing luster.

Reasons: Wasted space =wasted costs.  Economizing is in now and buying a huge home just to keep up with your neighbors is not as thrilling as it once was.

Small is the New Big

The Wall Street Journal is also picking up on this trend in Florida.  Here’s an interesting snippet of news as the Journal talks about the Florida real estate market making a comeback but with smaller homes.

Builders Return to Florida

More about smaller home building from The Net

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Smaller Homes for Boston?

Tһе St. Petersburg Times reported tһаt a Tampa Bay Builders Association spokesman ѕаіԁ tһаt builders wіƖƖ still bе building super-sized homes bυt tһеrе wіƖƖ bе more οf tһе smaller ones being built аѕ well. …

Publish Date: 06/15/2010 22:09

http://greenerlivingonline.com/smaller-homes-for-boston.html

Builders hope that smaller sells: Local developers say the trend

The company has such a good track record that the Home Builders Association of Lane County is hitching its annual showcase home fundraising effort to Piculell’s gambit by building the showcase house on the lot between the developer’s …

Publish Date: 06/08/2010 0:00

http://www.bigbuilderonline.com/industry-news.asp?referer=rss363&sectionID=363&articleID=1303668

Home Buying and Home Selling Tips » Blog Archive » Interested in a

Interested in a smaller home and price tag? Posted By varac on June 15, 2010. Are you interested in a home finished by a new building strategy? Some builders are taking advantage of lower lot prices to resume work in stalled housing …

Publish Date: 06/15/2010 23:57

http://www.buy-and-sell-house-fast.com/blog/interested-in-a-smaller-home-and-price-tag/

How To Get a Good Tenant Who Will Pay the Rent On Time

Here is one simple tip to keep the deadbeats out. Why more landlords don’t do this, is beyond me.

How can you find a good tenant who will pay the rent on time?

Richard Blake of Real Estate Investing Tips has a video with a very important point.

Don’t miss this point!  You need to run a credit check on any potential renter!

Why do so many landlords miss this simple, but massive tip?

They think the renter looks okay and is making a good first impression.  They don’t think that person would be a bad tenant.  Always check and verify.

Find Good Tenants For Your Rental Properties

As a landlord for over the last 10 years I can tell you I had my share of good tenants and share of some bad tenants, as do all landlords. Today I want to share with you some ideas …

Publish Date: 06/01/2010 20:27

http://adela.boseviews.com/2010/06/02/find-good-

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Real Estate Jack – Eddie’s Solution

Rich broke in at this time and asked, “Eddie, where do you find Tenant/Buyers with $5000?” Eddie responded, “All over the place. Over the past year when I offered a Lease/Option deal, I had many responses – people with cash and good

Publish Date: 06/11/2010 9:19

http://realestatejack.net/broker-corner/eddies-solution/

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