Archive for November, 2005
Wednesday, November 23rd, 2005
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 to a 9-5. I find myself realizing these things when ...
Posted in Real Estate | 1 Comment »
Sunday, November 20th, 2005
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 the peak? or is it just that time of the ...
Posted in Real Estate | 1 Comment »
Wednesday, November 16th, 2005
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 on 500 shares for December. I am selling the right ...
Posted in Finances | No Comments »
Sunday, November 13th, 2005
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 don't plan on building on the land right away, the ...
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Sunday, November 13th, 2005
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 1.375% for 3 months and then 1yr MTA + 2.95% (which was ...
Posted in Real Estate | 1 Comment »
Monday, November 7th, 2005
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 mine if his offer isn't accepted.
Posted in Real Estate | No Comments »
Saturday, November 5th, 2005
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 properties, this is a huge amount. Imagine having a 100 unit building ...
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