How’s Your Stock Broker Doing - Part 1
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received this email today from another company that offers you a place to invest your money in real estate. It said exactly what I think many people should think about, so I am posting it here on my blog:
I spent a small portion of my week canvassing local stock brokers, financial planners, and so-called “non-conventional” financial planners (code for insurance salesmen) and the statements above are what I gleaned. I actually approached them as a prospective client, letting them know I was “shopping” for a solid financial planner with a clear vision on how to protect and... continue reading >>
Real Estate Investing with a 401k
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National figures suggest that 401(k) accounts lost over $3,000,000,000.00 (trillion) in value during calendar year 2008. Persons invested 100% in stock funds throughout 2008 experienced losses between 25% and 50%, depending on how aggressive or not they were in their investing. At the same time, real estate prices throughout the Midwest region of the United States were reported to have lost between 5% and 10%. Even money market funds held inside 401(k) and IRA accounts came under fire as the $1.00 per share price that most money markets are priced... continue reading >>
Working with Contractors
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Some thoughts on how to use a contractor and keep him on your side.
As an investor it would be nice to have all your numbers in place before we make an offer. An inspection by a contractor to give an estimate of repairs or to give an assessment of the condition of the property is helpful when making your decision to purchase. But how do we find the contractor who is willing to inspect properties for us. When you call and ask for a break down of needed repairs and a detailed repair bid on the house, most... continue reading >>