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Holiday spirit & a gift to you

Date: 12/22/2008 / Category: Inspirational , Current Grade B

Preview:

To all RealEstateInvestor.com members. I am in the US for a couple of weeks. Christmas holidays so a time for giving and receiving. I noticed that I have a ton of roll over minutes on my US phone. I maintain an account in the US but when in the UK I rarely use it. The minutes are already paid for. Something like 4,000 minutes. Maybe you can help me use up the minutes. I am making a blanket offer to folks here on REI. Get in touch and I will provide 25 minutes of free consulting on any RE... continue reading >>

Madoff Ponzi Scheme - DYOR

Date: 12/16/2008 / Category: Inspirational , Current Grade A

Preview:

"Madoff Ran Vast Options Game" WSJ.com http://online.wsj.com/article/SB122938212422208613.html You might need to be registered with the Wall Street Journal to read the full article. The moral of the Madoff story is to think before investing. All the warning signs were there. Many investors passed on investing with Madoff because things just did not make sense. The same due diligence applies to real estate so listen up. A number of people who manage money refused to invest with Madoff's firm because of things that just did not add up. They took the time to look into the details and they walked away.... continue reading >>

DVT

Date: 12/09/2008 / Category: Funny Stories , Current Grade A-

Preview:

I put this under "Funny Stories" as there was no other category that was even close. About 10 days ago I was diagnosed with DVT, a blood clot in my thigh that is stopping/slowing blood flow in my lower leg. I recognized I had a problem when my calf started to swell and it became painful to walk. DVT - Deep Vein Thrombosis. Wikipedia has a short write up that more or less covers the topic based on what I understand. http://en.wikipedia.org/wiki/Deep_vein_thrombosis It looks like the problems is entirely treatable. The open question is will it happen again. It seems... continue reading >>

Finished NaNoWriMo; next step?

Date: 11/28/2008 / Category: Need Advice , Current Grade A-

Preview:

As part of a challenge I completed a boom in a month. If you go to www.nanowrimo.org you can get the full story. The short version every November for the last 10 years people around the world commit to write a novel. 50,000 words per novel and each person who 'wins' has to produce the words during the month of November. I wanted to get my thoughts about RE down on 'paper' so I took up the challenge. I finished earlier today with more than a day to go. http://www.nanowrimo.org/eng/user/419916 Now I want to convert the content into one or... continue reading >>

UBS gets some bonus $$$ back

Date: 11/25/2008 / Category: Inspirational , Current Grade A-

Preview:

It looks like some banking executives are handing back money they were paid or money they are still owed. Yes, it might only be money they were still owed. In any event, the quote from the former Chairman of UBS is more honest than I expected. “I hope that my action will help to resolve a situation that was inconceivable to me until a short while ago,” said Mr Ospel. The three men said they “want to make clear that they are facing up to reality” and accepted in hindsight that some decisions “would have been taken differently”. There has... continue reading >>

Let Detroit Go Bankrupt

Date: 11/20/2008 / Category: Business Strategies , Current Grade B
Check out the NY Time piece by Romney. The guy makes sense. Band-Aids will not do the trick.

Assuming we go down the BK path it will have a large impact on a lot of rental markets beyond Detroit. Deals for the savvy and pain for the naive.

http://www.nytimes.com/2008/11/19/opinion/19romney.html?_r=3
OP-ED CONTRIBUTOR

Let Detroit Go Bankrupt

By MITT ROMNEY
Published: November 18, 2008

John Corey www.ChelseaPrivateEquity.com/blog

On the road again...

Date: 11/20/2008 / Category: Inspirational , Current Grade A-

Preview:

I will be back in the US over the Christmas holiday. This trip is much shorter than my last one so I will have limited time to meet up with real estate investors. That said I still want to fit in a few meetings if schedules align. I am heading to PA around the 18th of Dec. I will be in NH or MA (based on plans that are not completely solid at this time) right around New Years; 2-3 days max. I know holidays are sometimes tough for RE meetings as you have family commitments and other things going... continue reading >>

S. California sales jump

Date: 10/20/2008 / Category: Inspirational , Current Grade A
Oct. 20 (Bloomberg) -- Southern California home sales rose 65 percent in September, the biggest year-over-year increase in at least two decades, as buyers took advantage of foreclosures to purchase properties at discounted prices, MDA DataQuick said.

To read more see the bloomberg link.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ag1qaHCv71r4&refer=home


John Corey

Real Estate Investor (REI) with over 20 years of experience. Multiple states and countries; present portfolio spans 11 time zones.

Always open to answering questions. See the contact page on my blog; link below.

Pay it forward.

http://www.ChelseaPrivateEquity.com/blog/

Indexes for house prices

Date: 08/31/2008 / Category: Business Strategies , Current Grade A

Preview:

I am going to focus on the UK for a minute. The country has a much clearer example of why house price statics can be misleading if one forgets how the numbers are produced. The article is from the Financial Times (FT.com). Think Wall Street Journal but UK based newspaper. Both papers are available around the world but both have their based in a specific home market. The UK has 3 or more published indexes for house prices plus the government figures. Lets say there are 4 sets of numbers published. All are used to indicate what direction house prices... continue reading >>

Is History Siding With Obama’s Economic Plan?

Date: 08/31/2008 / Category: Inspirational , Current Grade A-

Preview:

A NY Times article that looks at the economy under Democrats vs. Republican Presidents since WWII. http://tinyurl.com/5ch7d8 We all know the traditional views about the two parties. The data suggests that maybe the common sense viewpoint that Democrats are worse than Republicans for the economy is false. Here are a few quotes and a link to the article. "The table also shows that families at the 95th percentile fared almost as well under Republican presidents as under Democrats (1.90 percent growth per year, versus 2.12 percent), giving them little stake, economically, in election outcomes." Figuring that RE investors are either... continue reading >>
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