Posted by: teh_homepwnerer
on Dec 27, 2009
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According to the National Association of Realtors, there was a huge influx of home resales for November in the amount of just over 170,000. Looks like Mr. Obama is getting exactly what he wants just about every other month, with home sales swinging back and forth from negative to positive.
What I get a kick out of is that even though the $8,000 tax credit that was given to most of the buyers that spurred the significant purchase frenzy, this comes at a time when most should be holding off from buying pretty much anything.. especially houses. Oh, don't worry - Obama has another round of discounts coming for even more people this time.. Too bad I can never seem to take part in his hand-outs.
Unemployment is still about 10% and this doesn't even include all the people that were in the system and fell off because they are no longer eligible. Not to forget the fact that there is still the impending emergence of inflation that's surely going to hurt. Oh ya, did everyone forget about the fact that most of the people that lost half of their retirement in the stock market crash last year have only gained back about 20% of their losses.
You noobs are out there sticking all your cash in 401k plans and IRA's that you will most likely not even get half of by the time the good ol Gubment gets their hands on it. That's trillions of dollars that the Gubment isn't getting to tax and you think they aren't salivating at the fact that it's just sitting there for the taking? I wouldn't be surprised to see Mr. Obama eyeing that after this Health Care issue is over.
I'm going to say it. Obama is a Noob. Too bad he's not a gamer, i'd pwn him.
Later Noobs,
I have homes to PWN.
teh_homepwnerer
Posted by: teh_homepwnerer
on Dec 21, 2009
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Sometimes, you just have to let the caption say it all..
Posted by: Scott
on Dec 13, 2009
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We don't need no stinkin' managers!
Most noobs think that just because they read all those GURU books and hear about "Don't make Real Estate a JOB", that you need to out-source everything. This is not always true - especially for the new investor. I would rather say that until you can't handle the duties, don't pay for property management on your investment homes. There are too many ways to minimize your management time; with a little preparation.
I still manage most of my investments and put in very little time having to deal with tenants and toilets. I also know hundreds of other investors that do the same thing. The key is to put a plan in place. If you take the time to prepare your business before you start buying many homes, you can easily create a method for taking this pain away; at least for the most part. There will always be things you have to approve, such as authorizing big money purchases or major repairs.
Posted by: Scott
on Dec 8, 2009
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Help Me!
There was a real estate convention I happen to get off my duff to attend and am I glad I did. I actually had fun getting to know some of the noobs that were just getting into the market and some that were just getting out.
One thing they all had in common was that they were aimlessly trying to get knowledge. I spoke to one guy in particular named John J. that told me he has a mentor. I asked him who he was and he said it was his friend. I wanted to get a bit more personal and found that it was a realtor friend that has been in the business for 10 + years, didn't own any inverstments but was a top producer for a local real estate group.
Posted by: teh_homepwnerer
on Dec 7, 2009
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Hey Noobs. Here's an early Christmas gift.
Hit these sites and get your learn on..
www.johntreed.com
www.thecreativeinvestor.com
