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Monthly Archives: December 2009
There is something in the water
The fact that it is been so dificult to borrow money is having a positive effect on the rental acrtivity. We rented seven places today. Considering the fact that we have had record snow fall and it should be one … Continue reading
Bank terms
I recently send out an RFP for a new bank loan on a project we are working on. Here is an overview of what the terms would be, expect something similar if you are looking for a loan. This is … Continue reading
When is the best time to act?
I believe generally it is best to do the exact opposite of what everyone else is doing. Or at least completely ignore what other investors are doing. You should have your own hurdle rate and when you meet that, you … Continue reading
Nebraska Forclosure law
Jeff asked: what are the current foreclosure laws in the state of Nebraska? All the banks that we work with have told us that if a customer defaults and the bank ultimately sells the property for less than what you … Continue reading
Should I default or not?
This is an interesting article from the wall street journal about weather you should default or not. In Nebraska it is a relatively small problem compared to Arizona, I think this fact is just one more reason that Nebraska is … Continue reading
Posted in Business, Defaults, Nebraska Real Estate, Real Estate
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Obama is not helping
In the sprit if getting great ideas from someone else, here is a link to Ernie Goss’ latest post. I am a firm believer in that capitalism drives all decisions. Banks are capitalists at heart. http://economictrends.blogspot.com/2009/12/feds-interest-rate-policy-not-helping.html
Posted in Business, Education
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What are three things a nonegarian wished he had done different?
As many of you know I like to talk about the ideas of other people. I heard a very interesting fact from out Pastor Mark Ashton in church this morning. In true Dave Paladino fashion he quoted someone else saying … Continue reading
Non-recourse states
This little fact is a huge surprise. I have been spending a significant amount of time on the phone with banks, borrowers, equity partners, suppliers, contractors, trustees and even widows and pastors about the current state of lending as it … Continue reading
Posted in Defaults, Education, Financing, Real Estate
2 Comments
Now we are talking!!!!
Just about when I want to move out of the cold weather in Nebraska I read articles like the one in Forbes. Omaha was rated as the fastest city to come out of the recession. Here is the article http://www.forbes.com/2009/11/19/cities-recovery-unemployment-lifestyle-real-estate-top-ten.html
Posted in Business, Market conditions, Omaha, Omaha Economy
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I want your input
I have a question. If a borrower gets foreclosed on or does a short sale, do you think that the borrower should owe the bank the difference in what they owe and what the bank got? For example say a … Continue reading
Posted in Business, Defaults, Omaha foreclosures, Real Estate, Short sales omaha
4 Comments
