Archive for the ‘small investors’ Category

Did I miss the boat or has the ship not come in?

June 22, 2011

 Did I miss the real estate investment deal of a lifetime boat?

I read an article the other day that outlined the plight of the small independent real estate investor and it took the time to explain in some detail the requirements for buying property today!   In a word “CASH”!

Now I will always go out and find some cash when I am running a little low or to purchase a great property.    I will do most anything to find the cash (most legal, moral and ethical things) but for just an ok property not a good one but just ok I would rather stay home and play with the children.   It has been about 2 years maybe 3 since this little econimic slow down has happened and while I have seen a few great deals it is certainly not what I expected in terms of cheap cheap cheap property available for me to purchase.   So until the banks get really ready to give away the properties I am for the most part sitting on what little cash I have and not going out to find any spare change to purchase properties.  

Maybe I will miss the boat or maybe the ship has not come in.   We will soon see one way or another.

CNBC.com Article: With No Credit, Housing Investors Dig Deep

Nothing like getting to work on a Monday morning and finding no fewer than four dismal reports on the housing market in my “Inbox.”

Full Story:
http://www.cnbc.com/id/43464682

got a question about some real estate or need advise on a real estate strategy?   call me 512-782-8982 or drop me an email lets talk.

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Owner Financing in Texas

July 5, 2010

From the Texas Association of Realtors:

“Many of us have been very concerned about the implementation of federal legislation known as the SAFE Act that would severely limit an individual’s ability to seller finance their property in Texas.

We are working on numerous regulatory and legislative solutions to this affront to private-property owners, and have some good news to report. At our urging, the chief regulator over the SAFE Act in Texas, the commissioner of the Texas Department of Savings and Mortgage Lending, has taken significant steps to allow Texas property owners to continue to seller finance up to five transactions in a 12-month period.

More specifically, the commissioner has delayed the implementation of the SAFE Act requirement for licensure in seller-financed transactions in Texas until August 31. This will give us time to implement regulatory and legislative changes during the coming months. For now it is important for you to know that the long-standing law of allowing a Texas seller to finance up to five transactions in a consecutive 12-month period is still in effect and the Texas Association of REALTORS® will continue to work at the federal and state level to see that this is a permanent solution.

Finally, this action would not have happened if not for the thousands of Texas REALTORS® who participated in our grassroots efforts to correct this abuse to private-property owners in Texas.”

 

Thank God in Texas we are still free to sell our homes anyway we choose ((at least 5 per year))


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