Finding the Next Phoenix Want to turn some heads at your next cocktail party? Tell people that buying real estate in Texas is a better bet in the short term than investing in California. It might sound bizarre, but it’s what some real estate gurus are telling their investors. To get a feel for which …
Category Archives: Investment Tips
Boston condo flippers may be in too deep
Boston condo flippers may be in too deep The Hub’s jittery condominium market faces another storm cloud: hundreds of unsold units in new condo towers that brokers and mom-and-pop investors had bought early on in hopes of flipping for quick profits. Some have exited, as planned, with thousands in windfall profits. But others may not …
You can survive ARM increase
You can survive ARM increase First, the bad news: If you’re among the millions who took out an adjustable-rate mortgage in the past few years, your monthly payment is likely to jump on the next adjustment date — by 20 percent, 30 percent, even 40 percent. Blame the Federal Reserve for driving up short-term interest …
‘The market peaked four or five months ago’
‘The market peaked four or five months ago’ A Q&A with three experts Has the market peaked? “It peaked four or five months ago.” Real estate is definitely a good investment if you buy right. It’s already starting to be more of a buyer’s market. We’re seeing hurricane fatigue, not a majority of people but …
Continue reading “‘The market peaked four or five months ago’”
Caution urged in ‘rent-to-own’ home contracts
Caution urged in ‘rent-to-own’ home contracts Potential home buyers with bad credit can still acquire a home under a lease-option agreement, but there are many pitfalls to avoid. In some metropolitan areas, lawn signs, telephone poles and newspaper advertisements hawk them aggressively to modest-income and credit-challenged consumers who want to buy a home. Stripped to …
Continue reading “Caution urged in ‘rent-to-own’ home contracts”
Real estate slump chills ‘flippers’
Real estate slump chills ‘flippers’ Get in, get out, get the next deal. That’s the code of the ”flipper.” But with concerns rising about a slowing housing market, has the world flipped on flippers? Some analysts and brokers think so.