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I am a seasoned RE investor but very new to the RealEstateInvestor.com site. Still learning the ropes and figuring out how things work. Starting a blog here is one of those steps so this will be my first post. At this point I am creating my profile, checking out the forum discussions and checking some of the individual profiles for the other members. Checking to see what people are doing and where they are heading. I expect I will be updating this blog and later will tie it into my main blog. Oh, the title relates to the fact that... continue reading >>

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I was reading an article in a Memphis newspaper. The list of top sellers shows that builders have been replaced by banks as the top sellers of homes. When times are good the builders rise to the top. When times are bad bank lead sales drives the market. The top bank names on the list include Deutsche Bank, Wells Fargo, US Bank and others. As you might expect HUD is also on the list. The full article can be found at: http://www.memphisdailynews.com/Editorial/StoryLead.aspx?id=101800 A quote from the article: Banks and trust companies have no interest in keeping foreclosed homes on the... continue reading >>

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Tony Dye was a fund manager in the UK. At one time he was one of the best; managing a very large equity fund. He is likely a bit more famous for what he did not do than what he did. Prior to the dot.com melt down Tony was publicly arguing that the market was over valued and he moved to cash. A move that was very early, maybe way too early. [Dye] "earned the nickname "Dr Doom" for his obstinately pessimistic stance on shares during the stockmarket boom of the 1990s; his refusal to follow the herd led to... continue reading >>

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Breaking news... from the WSJ.com site Bear Stearns is getting funding assistance from J.P. Morgan and the Federal Reserve Bank of New York. The investment bank said its liquidity has "significantly deteriorated" in the past 24 hours amid "market chatter" about a squeeze. Bear Stearns is a top 5 investment bank. Even they have problems when funding they were counting does not materialize. Why it is a buyers market for RE now liquidity and cash flow is what keeps a long term investor in the game. Sellers facing a crunch become forced sellers. John Corey http://online.wsj.com/article/SB120550108028136579.html?mod=hps_us_whats_news You might need to... continue reading >>

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Some research from the Wall Street Journal and Real Edge Inc. Like below to the graphic.

"In every city, some neighborhoods retain value better than others, particularly in a weak housing market. Here's a sampling of similarly priced homes, in different ZIP Codes in several metropolitan areas and how their prices have changed from a year ago.'


http://www.realestatejournal.com/images/buyingselling/20080314-opdyke.gif

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I just created an entry and I included a link to a chart. The entry shows as a text string rather than an active link (URL which you can just click on).

What do I need to do so that the URL appears as an active link? I figure I need to add some html keyword or string.

Thanks in advance.

John Corey

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Everyone has heard that when it comes to real estate, it is all about location, location, location. Yet most seasoned RE investors will tell you the deals come from finding motivated sellers independent of the location. You can use price to adjust for poor locations when you have a really motivated seller. That said, most of the property market is owned by owner occupants. buy and hold investors also need to heavily look at the location as it really does matter when if comes to the tenants plus the long term value. The WSJ.com operated a RE focused site called... continue reading >>

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There is the principal of unintended consequences. You do something to improve the situation but other changes also happen that you were not fully expecting. http://en.wikipedia.org/wiki/Unintended_consequence Below is one example. The US Fed decided to increase liquidity in the banking system. It injected capital to the tune of about $200 billion. They also broaden the number of assets they would accept in exchange for capital from the Fed. Note - The Fed facility very similar to asset based lending or hard money where the borrower provides assets to raise cash and the deal is based on the assets value). Carlyle... continue reading >>

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Below is a link to the BBC.com news site. They have complied a timeline which shows how events have unfolded in the sub-prime credit crisis.

Go to the bottom and read up if you want to view things in ascending time order. Each entry has a brief summary and then a link to the full BBC story for the event.

As new events happen the BBC will update the timeline. The Bear Stearns sale to JP Morgan is the latest event represented when I posted this.

John Corey

http://news.bbc.co.uk/1/hi/business/7096845.stm ... continue reading >>

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The following is from the Wall Street Journal's (WSJ) RE website. It may apply to you or it could apply to the people you are negotiating with when they are motivated to sell at a loss (short sales mostly). Here is the summary. The link gets you to the WSJ website. Nothing else there on this specific topic. Still, it might be important to share the link with motivated sellers so they know you are not just making this stuff up. Use the WSJ to establish creditability. Note the reference to the IRS form that applies. John Corey http://www.realestatejournal.com/buysell/taxesandinsurance/20080318-herman.html By... continue reading >>

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