Archive for the ‘Real Estate’ Category
Monday, March 17th, 2008
I have looked into vacation rentals for a long time now. I have never pulled the trigger on one because the numbers have never made sense. During my research I've found a few interesting things that I'd like to mention here.
Many rental sites use classifications to rank their rentals. As ...
Posted in Real Estate | 1 Comment »
Tuesday, March 11th, 2008
Three weeks ago I experimented with setting a new rental rate for my Condo #1. I talked about pushing the rent limits in the building and advertised my rent at $1995/mo when the last rental rate was $1750/mo.
The first week I had the condo listed for $1995/mo on craigslist. I ...
Posted in Real Estate | 2 Comments »
Tuesday, March 4th, 2008
When you have a bunch of rentals you will always have tenant turnovers during the year. Hopefully, you won't ever have an empty but if you do, you hope that they don't all occur in the same month.
Condo #1
My tenant for this condo is leaving in mid-June. I've started advertising ...
Posted in Real Estate | 1 Comment »
Monday, February 18th, 2008
I'm going to try a new strategy this year on one of my rentals. I have a rental in Chicago that is perfectly suited for graduate students. Graduate students rent this condo like clockwork. I have not had one day of vacancy since I bought this place. In fact, my ...
Posted in Real Estate | 4 Comments »
Friday, February 1st, 2008
Interesting concept that is starting to gain a foothold: Just walking away from your mortgage.
Personally, I see it as a strategic financial decision. Just as with any investment, there comes a time when you re-evaluate it and you have to decide whether or not to cut your losses. Many homeowners ...
Posted in Real Estate | No Comments »
Monday, January 28th, 2008
Every year it's the same tough decision, where do we go mountain biking. This year again, it's a 50/50 toss up between Sun Valley, Idaho and Crested Butte, CO.
While looking for vacation homes I came across a site called HomeExchange.com. A home exchange is an alternative to renting a place ...
Posted in Real Estate | 6 Comments »
Wednesday, January 23rd, 2008
I got this from Countrywide yesterday. Do people really refinance for $12,133? Let's see, I pay $3,000 closing costs to get a $12,000 loan. Hmmmm. I wonder what the minimum equity is needed for you to get a letter like this. $5,000?
On a side note, maybe I should be worried ...
Posted in Real Estate | 1 Comment »
