Mortgage Rate Drop Below 5% Stirs Demand

Mortgage Rate Drop Below 5% Stirs Demand March3, 2010, CNBC U.S mortgage rates retreated below 5 percent last week, propping demand for home loans after purchase applications sank to a nearly 13-year low the prior week, Mortgage Bankers Association data…(read more)

Source: Mortgage Rate Drop Below 5% Stirs Demand

Traits of a Great Real Estate Agent

Last week, my BiggerPockets.com blog article discussed the pros and cons of “Getting Your Real Estate License”…
With that post in mind, I wanted to throw out some additional thoughts for those people who want to or plan to get their license to buy/sell their own properties. While the logistical parts of being a real [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

Traits of a Great Real Estate Agent

Source: Traits of a Great Real Estate Agent

Phoenix office tower yours for a mere $65 million+ at foreclosure sale — a 40% discount!

This gleaming high-rise office building in Phoenix is scheduled for trustee's sale on May 24 with an opening bid of $65 million, more than 40 percent below the price of more than $105 million it sold for in June 2006 — at the literal peak of the…(read more)

Source: Phoenix office tower yours for a mere $65 million+ at foreclosure sale — a 40% discount!

What’s ‘Good’ Leverage? Maybe Not What You Thought

“So, tell me about that deal you were talkin’ about last weekend. How’d it go?”
“Man, got some incredible leverage — just 10% down, owner carried a monster second, and get this — the interest is just 6%. No credit check, not nothin’. It closed Friday, and I’m jazzed.”
“Geez, sounds good, but with so little down, [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

What’s ‘Good’ Leverage? Maybe Not What You Thought

Source: What’s ‘Good’ Leverage? Maybe Not What You Thought

Not Seeing The Foreclosed Forest From The Trees

It is easy and often dangerous to jump on any one set of figures as proof of an emerging trend, tempting though it may be.
But when times are tough, like they are now, a lot of people who should know better are too quick to pounce on statistics that may be creating a false impression [...]

This Article is Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.

Not Seeing The Foreclosed Forest From The Trees

Source: Not Seeing The Foreclosed Forest From The Trees