I started by explaining in Everybody put your heads down on your desk… how we got to this ugly spot in the road where we see the paths of:
- Government intervention in loans
or
- A rush of foreclosures
In this installment,
I started by explaining in Everybody put your heads down on your desk… how we got to this ugly spot in the road where we see the paths of:
or
In this installment,
This entry will have two distinct parts.
Part I
If you are a seller, or thinking about selling because you are in financial trouble, STOP. Examine what you are doing and why. Examine
Real Estate Investing 301
Advanced strategies
In Real Estate Investing 101, Part I we covered buying a house to resell for a short term profit, while minimizing risk and making it happen fast. We delved further into flipping in Real Estate Investing 201. In Real Estate Investing 101, Part II we covered buying and holding property for long term appreciation and wealth building. We also touched on class shifting to increase value. Real Estate Investing 202 continued on the Buy and Hold theme and offered deeper insight into making it profitable. In Real Estate Investing 203, we looked at shifting property classes for “highest and best use,” while increasing property value and return.
This time, we are going to look at investing from a different perspective.
This should be one of the keystone and defining issues for the NAR. I know that the NAR and some of the state associations are working (too) quietly to curb governmental abuses of the Power of Eminent Domain.
If you are unfamiliar with Eminent Domain, it is the power that governments of various levels have to condemn private property for public usage. Don’t be thrown off by the word condemn, it has needn’t have anything to do with condition of the property. Some examples