Prospering In The Housing Bust Gillette Edmunds has made good money in real estate–by knowing when to sell. Edmunds owned six investment properties: single-family homes in southeast Denver he’d purchased for around $70,000 apiece. He was leasing out the houses for an average of $700 a month, amply covering mortgage payments, property taxes and maintenance …
Category Archives: Real Estate
Housing boom could storm heartland
Housing boom could storm heartland Could the real estate action be shifting to the heartland – the vast swath of middle America that never really was touched by the hyperinflationary housing boom? That’s what a new statistical analysis of housing price cycles in 100 major metropolitan areas suggests could be over the horizon. Its author, …
A storm of trouble
A storm of trouble As coastal residents nervously await the start of a new hurricane season in June, they’re confronting another fright: the exorbitant price and short supply of insurance for wind damage. Huge losses from Hurricane Katrina and other hurricanes in 2004 and 2005 have sent the homeowners insurance industry into a panicked retreat …
R-G Crown sorts out mess over developer [Central Florida]
R-G Crown sorts out mess over developer [Central Florida] The Casselberry-based thrift lent millions to Barrington Homes’ would-be home buyers. R-G Crown Bank, one of the region’s fastest-growing financial institutions, has become ensnared by the problems of an Orlando home-building company whose former chief executive faces money-laundering charges. The Casselberry-based thrift has loaned millions of …
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Do Your Numbers and Think… Should I Buy a Miami Beach Condominium to Flip It?
Do Your Numbers and Think… Should I Buy a Miami Beach Condominium to Flip It? Question: Should I buy a condominium to flip in a couple years? Pre-building cost of a unit $300,000. Down payment is 10% or $30,000. If the unit is not completed for 6 months and the $30,000 was in a 3-month …
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Why you should (and shouldn’t) pay off your mortgage
Why you should (and shouldn’t) pay off your mortgage The question comes to investment adviser Jim Miller in various guises, but it comes frequently and it boils down to this: Is money better used to pay down debts or to build an investment nest egg? Most often the inquiry involves a home mortgage. The other …
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