Success Story of the Week: One of my loudest advocates
One of my longtime clients and loudest advocates referred her co-worker almost 2 years ago to refinance her home. She started to get her paperwork together and would get side tracked. Life presented all kinds of hurdles and so it took until June of this year to get...
My Note update: Here’s my follow-up on the note I am buying in Indianapolis:
Some of you asked about the note I was buying, so I thought an update would be good. For those of you who missed it here is a recap: I bought a note for $30,000 in April on a duplex in Indianapolis. This is a non-performing note, meaning that the borrower is not...
Economic News this Week: It was a quiet week this week in economic news with no surprises
It was a quiet week this week in economic news. The sale of the bonds was as expected. No surprises. Wednesday the Q2 Productivity went up stronger than expected, at 0.9%, and the unit labor costs were up 0.6%. The July PPI was DOWN 0.1%, which was slightly mortgage...
Success Story of the Week: Sometimes the best deal is the one you walk away from
A client called me this week on a property he was buying in Las Vegas. He was buying it from a “turnkey” company. This is a company or even a single investor who buys property, fixes them a little (paint and carpet and maybe a new door and grass, even fake grass in...