Blog

Wait for it…

The real estate market is over cooked.  Here’s why and what to do about it.  There seems to be a consensus that the real estate market has reached its peak.  However, in a normal market cycle it takes oversupply to drive down prices.  And we don’t have that, at least in the first-time buyer, or […]

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The Roaring 2010’s

The roaring 2010’s doesn’t sound as cool as the roaring 20’s from the past, but our stock and real estate markets are definitely roaring…  What’s incredible is the S&P has gained over 300% from its 2009 lows. It is my opinion that we aren’t going to repeat history in the same way as the Great […]

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Be the Bank!

When I think of “safe and secure” I still envision a bank vault with armed guards.  However, banks don’t operate this way anymore.  Most banks don’t even have a vault.  Why?  Because their money is everywhere, not somewhere.  Almost everything you see from a house, building, automobile, or farm is funded and essentially secured by […]

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Will The Housing Market Crash Soon?

This question seems to be on everyone’s mind these days… Now I don’t have a crystal ball, but I do have a personal history involving the subject. Here is what I do know… Real estate has a market cycle that is driven not only by supply and demand, but also by human emotion. If you […]

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Riding the Real Estate Waves or Crashing into the Shore Naked?

(Picture above of me with my Granddad in Summer of 1991, surveying the ocean waves for the first time) First, I’m not a surfer since I live in Michigan.  However, I do remember the first time I saw real waves in Ventura, California.  I was 13 years old and visiting my wealthy cousins for the […]

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The Hidden World of Pre-foreclosures

  You have probably heard that money is made when you buy not when you sell in real estate. This is truer today than ever.  By the time a foreclosure reaches the open market (MLS) it has most likely been traded behind the scenes more than a few times. Therefore, the end buyer is only […]

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Despite some positive signs, residential foreclosures still plague region

Though the problem peaked in the post-recession era, the tri-state area is still plagued by residential foreclosures. Andy Dean By Jeff Blumenthal   – Reporter, Philadelphia Business Journal Apr 12, 2018, 8:10am EDT Though the problem peaked in the post-recession era, the tri-state area is still plagued by residential foreclosures. New Jersey and Delaware continue to be the […]

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Fannie Mae (FNMA/OTC) today began marketing its sixth sale of reperforming loans

WASHINGTON, DC – Fannie Mae (FNMA/OTC) today began marketing its sixth sale of reperforming loans as part of the company’s ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 9,400 loans, having an unpaid principal balance of approximately $1.97 billion, and is available for purchase by qualified bidders. […]

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Subprime mortgages make a comeback—with a new name and soaring demand

The subprime mortgage industry vanished after the Great Recession but is now being reinvented as the nonprime market. Carrington Mortgage is now offering mortgages to borrowers with “less-than-perfect credit.” Demand from both borrowers and investors is exceeding expectations https://www.cnbc.com/2018/04/12/sub-prime-mortgages-morph-into-non-prime-loans-and-demand-soars.html

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Kyle Zimpleman- Roller Coaster Ride through the Great Recession

Selling all my rentals

What we do and why

Note Expo 2018

$19K Mortgage with $100K protective equity

Flipping Mistake- Needed Investors to Hold

What to not buy

Holly Michigan-performing 10% loan

15 years of renting to college students

Taking the cash and running