Introduction to Roth IRA’s
(These can be used to hold assets such as rental real estate)
via Khan Academy.
HT: Richard Bishop
Sep 09
Karl E. Case, the lesser-known of the “Case-Shiller” pair has an op-ed in the New York Times that basically argues that it’s a great time to buy a house.
Yes, the old American Dream — having a house that appreciates 30% year-on-year — is dead, as Case acknowledges. But that doesn’t mean the math isn’t compelling.
via Seeking Alpha.
Sep 07
More than likely, that era is gone for good.
“There is no iron law that real estate must appreciate,” said Stan Humphries, chief economist for the real estate site Zillow. “All those theories advanced during the boom about why housing is special — that more people are choosing to spend more on housing, that more people are moving to the coasts, that we were running out of usable land — didn’t hold up.”
Instead, Mr. Humphries and other economists say, housing values will only keep up with inflation. A home will return the money an owner puts in each month, but will not multiply the investment.
via NYTimes.com
[Does this make rental housing more or less interesting? Arguments could be made either way. And of course I am speaking of cash flow properties and not "investment" real estate. When I was buying many years ago it was shocking how many brokers could not understand the difference. - Tim]
Aug 22
A dilemma every real estate investor who buys and sells property for short term gain faces, is how to proceed if the property does not sell. Most of my clients understand the importance of using a corporation for their short term investing to avoid the dreaded “dealer” classification.
via biggerpockets.com.
Aug 21
But what that means is, if we as a nation start saying that renting is a fine and legitimate choice—which, incidentally, would be the first time we did so since Herbert Hoover became Commerce Secretary in 1921—then we’d also implicitly be saying that more people are going to live in apartments.
via TIME.com.
Aug 20
In hindsight, Scott Feldman’s decision to sell his first home in late 2006 could have been a case study in a textbook called “How to Time the Real Estate Market.”
via The Hour
Aug 17
Utah Loan Servicing is a debt collector that buys home equity loans from lenders. Clark Terry, the chief executive, says he does not pay more than $500 for a loan, regardless of how big it is.
“Anything over $15,000 to $20,000 is not collectible,” Mr. Terry said. “Americans seem to believe that anything they can get away with is O.K.”
Aug 14
We’ve had a lot of water in the wrong place this year. But, landlords complain about water in the wrong place, too. That place is coming out of the tap at their rentals. I hear complaints that tenants “take hour-long showers,” as if they are doing this just to hurt the landlord.
