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...
Economic News this Week: It was a week of tight changes in the price of our bonds and therefore rates.
It was a week of tight changes in the price of our bonds and therefore rates. We went from a little good to a little bad news and back again. On Tuesday the Personal Income numbers for June were released, and they were unchanged from last month. Personal spending was...