Since the tool is new (it is still in Beta Testing) I decided to start a blog to talk about my experience with the application and the company. Check out my new blog:
Let me know what you think!
Saturday, May 21, 2011
Social Outbreak- The New Tool to Grow Your Social Network & Real Estate Business
Clear Day Capital just signed up for Social Outbreak, the Facebook application designed to help Fan Pages look good and grow a Fan Base.
Friday, May 13, 2011
Bank of America to the State of Utah: You Can Take Your Laws and ...!
The State of Utah passed a law requiring foreclosures to be done by a local business entity or attorney. Bank of America does not have offices inside the state and they don't work with local attorneys.
So, did B of A stop foreclosures or did they open a local office or did they hire local legal representation? Of course not. They are deemed "too big to fail."
Apparently now they feel that they are "too big" to comply with state laws.
How Long Will Deep Discounts Last?
I am often asked, "How long can we keep buying deeply discounted properties?" My best guess: At least three years.
Why?
1. A large current inventory. That should last a year or so!
2. A large number of foreclosures are already in process and they are taking up to two years to process. That means new bank-owned inventory coming on the market for at least two more years. (Take a look at this article and keep reading- things are not getting better, the banks are just slowing down.)
3. We are still in a period of high unemployment so we can expect ongoing high foreclosure rates for at least another year.
Add it all up and we are talking 3-4 years of high levels of bank-owned inventory.
Is it a good time to invest in real estate today? Yes.
Will it be a good time to invest in a year? Yes.
Will it be a good time to invest 2, 3, 4, 5...10 years from now? Yes, yes, yes, yes... YES!
Want to invest in Northern Utah but don't know where to begin? Contact me!
Already investing in real estate and want to work with another experienced investor? Contact me!
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