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Monthly Archives: October 2009
The last two days the rental activity has dropped off a lot. Could be end of the month activity. Interesting fact: the Penske activity at our corporate office has been very busy. It might be all the first time home … Continue reading
Dan S posted a comment about me thinking investors needing fourty percent down and the answer is —–you are going to have to get close to this. Rob H a former partner of mine said my comments may be a … Continue reading
If you want to borrow money these are the five things you will need: Have the amount of money you need to borrow in cash or liquid assets LTV of 60% or less. If you are using an appraised value … Continue reading
Ok the real estate market is just about to implode. One of the reason that properties are not worth as much is because we cannot get financing. I talk to a variety of bankers every day. I sell for them, … Continue reading
This is one apartment complex in New York that is 11,000 units. This property is worth half what its owners paid for it. Look it all the big name owners. The problems that we are having in our business in … Continue reading
I have not seen this movie, but from the review in the WSJ I think I am going to agree with a lot of it. Along those lines, here is an article in the wall street journal that describes exactly how I … Continue reading
Almost two years ago we invested in a Dodge/MB/ Freightliner Sprinter. It’s actually made by MB in Germany and shipped to the states as a couple of large components and the final assembly is done here. The reason I that … Continue reading
I am in the process of redoing one of our lines of credits and the properties that are collateral are perfoming better than they ever have, yet the banker wants to cut back the size of the LOC significantly. When I … Continue reading
I took a video of Jim Posey, Landmarks Resident Condo expert. But it was too large to post. His comments were summarized around the fact that he feels the reason we have had this increase in vacancies is because there … Continue reading