Monthly Archives: November 2005

Advantages of REI investing…

Well, since things are slow in my REI world and it’s Thanksgiving I thought I’d put a post together about why I like REI investing. Other than the potential money aspects, there are countless perks of not having to go … Continue reading

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The Phoenix Real Estate Market

Not much going on this week. Just waiting for my St. George land to close. Meanwhile, many real estate reports that came out this week show a decrease in median home prices for many states in the country. Was September … Continue reading

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Covered calls

I guess this is the first stock post. I have many shares of Ebay and it’s been hovering at $40 forever. I’ve been making a few hundred here and there selling covered calls. I decided to sell a covered call … Continue reading

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Financing the St. George Land

I’ve decided to pay cash on the land up in St. George. I’ve found that getting a loan on raw land is a little tougher than buying a regular house. The interest rates are slightly higher 7%-8% and if you … Continue reading

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My Option ARM for SLC Townhome #2

When I bought my townhomes in SLC, I opted for an option ARM on Townhome #2. I guess I wanted to see how this would work out. The difference at that time was: 5/1 ARM at 6.5% Option ARM at … Continue reading

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St. George Utah land

Well some good news. My realtor called and said that someone made an offer of $110,000 on a lot similar to mine in that I got a few weeks ago (St. George Utah land). I told her that I’d sell … Continue reading

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More on cap rates

What does $1/mo increase in rent do to the value of your property? At a cap rate of 6%, every $1/mo increase will mean a $200 increase in the price of your property. $12/yr X (1/0.06) = $200 For multi-unit … Continue reading

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