If you’ve always dreamed of owning property in California’s coastal city of Long Beach, now is your chance — as long as you’ve got $18,000 to spare and not a lot of stuff. The approximately 0.01-acre commercial lot can be used “for storage, food stand or parking carts, bikes etc,” according to real estate agent Tova Oren’s listing. …
$18K will buy you a 4-foot wide, 90-foot long strip of land in CA Read More »
Contributed by DeWitt Ingram, who comments, “This is an enduring reason why the independent note investor can provide provide funding sources and solutions to the borrowing public when large institutional lenders can’t.” Homes are actually a bit more affordable today than a year ago, and experts are watching to see if that will continue in …
Average Americans can’t afford a home in 70 percent of the country Read More »
Rent control does not work. That’s one of the most settled issues in economics, one widely accepted across the ideological spectrum. Yet politicians continue to peddle rent control with a seemingly willful ignorance. Oregon is the most recent state to embrace the rent control orthodoxy. The day after rent control prevailed in Oregon, marchers took to the streets …
Law firms, mortgage lenders and servicers were just awarded more protection in serving non-judicial foreclosures, according to a recent Supreme Court ruling. The ruling is a victory for the mortgage industry in its fight to retrieve property from delinquent homeowners. One attorney claims the ruling may eliminate thousands of similar homeowner lawsuits. In the case …
Supreme Court makes it harder for borrowers to fight foreclosures in non-judicial states Read More »
Barbers are earning as much as $180,000 a year in West Texas, one of the hottest job markets in the country, The Wall Street Journal reports. An oil boom that has taken hold over the Permian Basin is leading to so much economic activity and expansion, the area can barely keep pace. Barbers in Pecos are charging …
Texas Town’s Oil Boom Has Barbers Earning $180,000 Read More »
(Contributed by DeWitt Ingram, who comments, “This can easily be spun into private note lending through your church, neighborhood association, alumni organizations, etc. – even if the new borrowers are not your kids!”) Parents are increasingly helping their adult children buy their first home. In fact, a new study suggests that if families were considered …
‘Bank of Mom and Dad’ could rank as mortgage lender Read More »
The New York Federal Reserve Consumer Credit Panel reports that debt among 19- to 29-year-old Americans topped $1 trillion at the end of 2018, the highest debt exposure for young adults since late 2007. Student loans make up the majority of the debt, followed by mortgage debt. Spending among those under age 35, however, has …
19- to 29-year-olds are facing $1 trillion in debt Read More »
by Think Realty Radio In real estate, notes are used in lieu of using a bank. You buy a piece of property using owner-financing, making the seller play the role a bank normally would. When done correctly, cutting out the middleman and purchasing real estate with notes can increase efficiency and facilitate money-saving win-win situations …
Rich people in blue states have been claiming residency in low tax states for years. Some actually moved, while some just pretended to—and that’s where state tax auditors come in. Officials in places such as California and New York don’t make it easy for the rich to say goodbye, with investigators who dig deep, forcing …
High-Tax States Make It Hard for the Rich to Leave Read More »
Here’s a new proposition from a company that markets single-family rental homes to mom-and-pop investors: Want to buy a tenth of a house? Roofstock is pitching a chance for those interested in the asset class to start small. The company will buy a home and put it in a trust, then sell stakes for as little …
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