foreclosure

You've without doubt seen these or read them. Glossy adverts or four-color propagates in publications and newspapers promising to show you every one of the juicy details about successful property investing. And all you should do to learn each one of these real estate investing surface encounters chuck russo secrets is to pay a rather high sum for a one-or two-day seminar.




Often these kinds of slick property investing seminars claim that you can make wise, profitable real-estate investments with zero money lower (except, of course, the significant fee you pay for the seminar). Now, how attractive is in which? Make a profit from real estate investments you made out of no money. Possible? Not most likely.




Successful real estate investment requires cashflow. That's the character of almost any business or investment, especially property investing. You put your cash into something which you desire and plan will make you more income.




Unfortunately too little newbies towards the world of real-estate investing believe it's any magical type of business in which standard company rules will not apply. Simply set, if you want to stay in real estate investing for more than, say, a evening or two, then you are going to have to generate money to make use of and commit.




While it could be true in which buying property with no money down is straightforward, anyone who's even made a fundamental real estate investment (such as buying their own home) knows there's much more involved in property investing that will set you back money. For example, what concerning any required repairs?




So, the primary rule people a new comer to real property investing must remember would be to have accessible cash supplies. Before you decide to actually carry out any property investing, save some money. Having a little money in the bank once you begin real estate investing surface encounters chuck russo can help you make more profitable real estate investments in rental properties, for example.




When property investing within rental qualities, you'll want to be able to select simply qualified tenants. If you've no income when property investing in rental qualities, you might be pressured to take in a a smaller amount qualified tenant since you need somebody to pay for you money to enable you to take treatment of repairs or attorney fees.




For any type of real property investing, meaning local rental properties or even properties you get to re-sell, having money reserved can enable you to ask for any higher value. You can require a increased price from your investment because a person surface encounters chuck russo won't feel financially strapped as you wait for an offer. You won't be backed into a corner and forced to accept just any offer because you desperately need the money.




Another downfall of many new to real estate investing is actually, well, greed. Make the profit, yes, but will not become thus greedy which you ask with regard to ridiculous leasing or resell rates on any of your real estate investments.




Those new to real est investing have to see property investing as a business, NOT a hobby. Don't believe that real property investing is going to make you rich overnight. What enterprise does?




It requires about 6 months to figure out if property investing in for you. If you have decided in which, hey I really like this, then offer yourself a few years to truly start earning money. It often takes at minimum five years to get truly successful in property investing.




Persistence could be the key to success in real-estate investing. If you have decided that property investing is perfect for you, surface encounters chuck russo keep plugging away at it and the rewards will be greater than you imagined.

It is very difficult to determine the sex of a pigeon. I used to keep pigeons as a kid so I’m good at it.

There are three ways to do it:

1 – Check their reproductive organs

Pigeons genitalia all look the same (they have ‘cloaca‘) so you will have to cut them open to actually see their reproductive organs. Not a very efficient method.

2 – See who goes on top

There isn’t much variation in the sex life of a pigeon. Males go on top. No Kama Sutra here. Fortunately all they do is eat and, ehm, reproduce. You won’t have to wait very long to see that happen. But you do need 2 pigeons and some patience.

3 – Look at their faces

Yes, pigeons have faces just like humans.

It takes years to be able to read the face of a pigeon. I kept pigeons as a kid so I can tell the sex of any pigeon just by looking at their faces for few seconds. Just like with most humans. Humans have the added benefit of clothing, hair and breasts. But even without that a face looks feminine or masculine.

Investors try to look under all those feathers but up close all excel sheets look the same. They try to see who goes on top but then you would have to wait until the entrepreneur meets an actual client.

But once you have met enough starting entrepreneurs one look at someones face is usually enough. You know what you have got and who is a good bet and who isn’t.

Just like with pigeons.

This is a variation of post I published in 2007. Photo credit: Igor Stevanovic via Shutterstock.

Ashton Kutcher probably gets more pitches in Silicon Valley than Hollywood these days.

The movie actor and technology investor turned up the star power at the TechCrunch Disrupt conference this week in San Francisco, where start-up companies competed for his attention. Michael Arrington, fresh off his own Hollywood worthy drama, interviewed Kutcher on stage Tuesday.

Kutcher plays a tech investor in real life and in CBS' top-rated "Two and a Half Men" on TV. His character, Walden Schmidt, is an Internet billonaire who sold his company to Microsoft and now backs other entrepreneurs.

"There are some parallels to my actual life," Kutcher said.

On the show, Kutcher said he covered his character's laptop with stickers of his "dream portfolio" companies but CBS balked at giving exposure to companies that hadn't paid for the privilege.

Kutcher told Arrington that his investments were a "witch hunt" for the next big thing "that is so magic you can't understand how it works."

"I wonder what would happen if a pilgrim would have seen a computer back in Massachusetts 200 years ago. They would have killed the person as a witch because the computer would look like magic. That's the essence of being a good investor, they're on witch hunts," he said. "That's what I’m trying to do."

Kutcher is not your typical celebrity investor. He was a biochemical engineering major in college so he gets technology but, because he was a model at 19, he says it's nice to be appreciated for "something substantial."

On TV Kutcher is in the funny business. But in technology he's hunting for happiness. Kutcher says he picks technologies that have the greatest potential to create more love, friendship and connectivity in the world.

He has made 40 investments in companies such as AirBNB, Path and Skype but does not disclose many of them.

"I think sometimes for the early-stage companies that I've invested in, disclosing that I'm an investor can be detrimental to the story of the company," Kutcher said.

RELATED:

Ashton Kutcher: Entrepreneur, investor

Star investors (and other stars) come out

Ashton Kutcher at TechCrunch50: Blah, blah, blah

-- Jessica Guynn

Photo: Hollywood actor and Silicon Valley investor Ashton Kutcher and TechCrunch founder Michael Arrington at TechCrunch Disrupt. Credit: Araya Diaz / Getty Images

foreclosure homes

You've without doubt seen these or study them. Glossy advertisements or four-color spreads in periodicals and newspapers promising to show you all the juicy details about successful real estate investing. And all you need to do to learn every one of these real estate investing surface encounters chuck russo secrets is to pay a rather high sum for a one-or two-day seminar.




Often these kinds of slick real estate investing classes claim that you could make intelligent, profitable property investments with simply no money straight down (other than, of training course, the significant fee you buy the seminar). Now, how interesting is in which? Make a profit from real estate investments you made with no funds. Possible? Not probably.




Successful owning a home requires cash flow. That's the character of any kind of business or perhaps investment, especially real estate investing. You put your money into something which you desire and plan can make you more money.




Unfortunately too few newbies towards the world of real estate investing believe that it's any magical kind of business in which standard enterprise rules don't apply. Simply place, if you want to stay in property investing for more than, say, a evening or 2, then you will have to generate money to make use of and invest.




While it might be true which buying property with absolutely no money down is easy, anyone that is even made a simple investment (just like buying their very own home) understands there's much more involved in real-estate investing that will set you back money. For example, what about any necessary repairs?




So, the number one rule people new to real est investing must remember is to have available cash reserves. Before you decide to actually carry out any property investing, save some funds. Having just a little money inside the bank when you begin real property investing surface encounters chuck russo can help you make more profitable real estate investments in rental properties, for example.




When real-estate investing inside rental attributes, you'll want every single child select simply qualified tenants. If you might have no cashflow when real-estate investing within rental attributes, you could be pressured to take in a a smaller amount qualified tenant because you need somebody to cover you money so that you can take care of fixes or lawyer fees.




For any type of real property investing, meaning rental properties or even properties you buy to sell, having money reserved can allow you to ask for a higher cost. You can require a increased price out of your owning a home because an individual surface encounters chuck russo won't feel financially strapped as you wait for an offer. You won't be backed into a corner and forced to accept just any offer because you desperately need the money.




Another downfall of numerous new to property investing is actually, well, greed. Make a profit, yes, but will not become so greedy which you ask for ridiculous local rental or resell rates on any of your real estate investments.




Those new to real estate investing must see property investing like a business, NOT a hobby. Don't think that real estate investing is going to make you abundant overnight. What business does?




It requires about 6 months to decide if property investing in for you. If you might have decided in which, hey I really like this, then give yourself many years to really start making money. It usually takes at least five years to get truly productive in property investing.




Persistence could be the key to success in property investing. If you have decided that property investing is made for you, surface encounters chuck russo keep plugging away at it and the rewards will be greater than you imagined.

funny.. i learn from this thread that there are "good" capitalists and "bad" capitalists.. only if it were for good capitalists everything would be fine... there are no good/bad capitalists. concentration of wealth and diminishing marginal profitability lead to rent-seeking, monopoly seeking, corruption and imperialism for all eyes willing to see. it was always like this. it always will be. good thing the us citizen is at least seeing the present corruption. maybe with some critical thinking he will also connect the dots and see the omnipresent corruption indogenous to capitalism. the tale of perfectly competitive free markets is a tale. there never has existed one there never willl.. maybe fruit/vegetable markets, which now are facing extinction brought to you by the wonderful capitalist monopoly-seeking inventions of monsanto...

the us entered the first world war by organising false flag attacks on its vessels so that capitalists could sell nerve gas to both sides. the us entered the second world war by allowing japs to bomb pearl harbor so that capitalists could make more money. the us organised another false flag attack on ny and killed 1 million iraqis so that oil could keep flowing and haliburton could make a few bucks meanwhile. there's no "clean" version of capitalism. wake up!

and for the nth time.. no, obama is not a marxist. if he were, he would not be waging imperialist commodity wars in afghanistan and socialising bank losses. marx would probably be severly frustrated if he knew people called slick imperialist puppets marxists... 

Warren Buffett just announced that he's making a landmark investment, $5 billion, in Bank of America.

Bank of America was facing a free-falling stock price and a number of criticisms, including that it did not have enough capital, and that its assets were not worth what it claimed.

Now thanks to Buffett, that will certainly change.

When similar investments were made in Citi and in Goldman Sachs, by Prince Alwaleed and Warren Buffett, in 1990 and 2008, respectively, the stocks experienced long term gains. 

And get this - he says he dreamt up the idea to invest in Bank of America in the bathtub on Tuesday. He liked it, so he called Moynihan on Wednesday morning. The entire story of how it happened is available in a video embedded below, as told to Becky Quick by Buffett.

The story (and the mental image) is amusing but also important - it suggests that the Obama Administration and/or the Treasury, did not have a hand in the agreement.

And to make it very clear that Treasury or Obama had no hand in the arrangement, which makes the news even better for Bank of America.

So does this - the deal is expensive for Buffett, and a good deal for Bank of America. He says in some ways, it's better than the deal he gave to Goldman Sachs in 2008.

But obviously, it's a great deal for Buffett.

Buffett's investment alone is now worth $700 million more than it was when he bought it.

foreclosure victims

Demand: fewer new households

Household creation depends on the state of the economy. The combination of high unemployment, weak wage and salary growth, and tight credit has led to a decline in household growth over the past few years. The two main surveys of household formation from the Census Bureau – the Housing Vacancy Survey and Current Population Survey – show that about 500,000 households were created annually over the past three years compared to an annual average of about 1.2 million during the first half of the decade (Figure 6). How can we explain such a notable drop in household formation?

Moving in with the folks

The obvious answer is to look at homeownership rates, which have tumbled to 66.9% from a peak of 69.2% in 4Q04. This translates to a loss of nearly 2.5 mn homeowners. Most of these homeowners became renters, which means they remain a household, but not all. As can be seen by the surge in the rental vacancy rate to 10.6%, it seems that there was not a perfect shift from homeowners to renters (Figure 7). This begs the question: what happened to these former households? There was doubling up among economically stressed households; in other words people moved in with friends or family. Many of these former homeowners were probably foreclosure victims (Figure 8).

As Figure 8 shows, household formation can also decline if there are fewer young households created to replace the aging homeowners. Given the nearly 10 point surge in the unemployment rate among 16 to 24 year olds from the trough to peak during this cycle, it seems like this was a considerable factor. A recent paper sponsored by the Research Institute for Housing America estimates that the probability of a young adult forming a household declines by 4% during a recession, and up to 10% if unemployed. In addition to the slowdown in “headship rates” domestically, there was a drop in household formation from immigration. According to the Office of Immigration Statistics at the Department of Homeland Security, the number of unauthorized immigrants decline by 1.0 million from 2007 to 2009 compared to a net gain of 1.3 million from 2005 to 2007.

Household growth to improve, but with a lag

Household formation will naturally pick up as the economy improves, but if our forecast for a sluggish recovery is realized, household growth will also be lackluster. The main factor influencing household growth will be the state of the labor market. The above-referenced paper finds that the unemployment rate must fall by 2pp from current levels to return to normal rates of household formation of about 1.2-1.4 million a year. We do not expect the unemployment rate to reach the mid-7% range until 2013, implying another two and a half years of sluggish household formation of about 800,000 a year. This is also when we expect the pace of foreclosures to slow notably, which means that fewer households will have to double-up.

Looking ahead to 2013 and beyond, we use forecasts from the Joint Center for Housing Studies at Harvard University. They present two possible trajectories for household growth: 1) an average of 1.48 million annually through 2020 assuming net immigration returns to the 2000-05 pace and headship rates at 2008 levels; and 2) an average of 1.25 million annually through 2020 assuming the same 2008 headship rates but slower immigration. We believe the latter is more likely and use this as our baseline forecast (Figure 9).

Renters will take market share

Although we expect household formation to start to improve in 2013, the homeownership rate should still fall further, suggesting that most of the gain in households will be due to an increase in renters. This is because there is still a considerable number of homeowners with mortgages in some stage of delinquency that are likely to end in foreclosure. Based on data from the Mortgage Bankers Association, there are about 5.5 mn seriously delinquent mortgages currently outstanding.

A recent paper by economists at the NY Federal Reserve (Haughwout, Andrew, Richard Peach, Joseph Tracy. “The Homeownership Gap”, Federal Reserve Bank of New York Current Issues in Economics and Finance, Volume 16, Number 5, May 2010) attempts to quantify the effective lower bound for the homeownership rate. They make the assumption that underwater borrowers (negative equity), who currently account for about a quarter of mortgage holders, will transition to renters over time. Subtracting these underwater borrowers yields an “effective homeownership rate” of 61.6% (Figure 10). This would be a record low in the data which goes back to 1965. We do not expect such a precipitous drop because not all underwater homeowners will become renters. Indeed, a recent study by Trulia.com and RealtyTrac found that 59% of respondents would not go into foreclosure simply because of negative equity. We believe it is more likely that the homeownership rate will bottom at 65%, returning to mid-1990s levels.

It is plainly obvious why the demand-side is so often ignored in polite conversation: it is the consumer-driven aspect of the house price variable, over which neither the Fed, nor the Treasury, nor the FHA has any authority, and which is a function purely of expectations of the future. Alas, those right now are lously and getting worse. We expect that Demand-side housing economics will take on progressively more importance in the future, as it becomes obvious that no amount of Supply-side tinkering will prevent another 20% drop in prices.

And speaking of Supply, this is also a critical factor, if much more prevalent in the daily media. Alas, that in itself does not make the problem any easier to resolve.

Two brothers have been charged with a widespread real estate fraud that provided them with a "lavish lifestyle," the San Diego County district attorney announced Tuesday.

David Zepeda, 57, and John Zepeda, 59, are charged with 104 felony counts that include identity theft, forgery, grand theft, rent skimming and conspiracy.  The brothers' scheme allegedly involved properties in several counties, more than 300 victims and losses of more than $1.5 million.

Investigators have seized items allegedly bought with the stolen funds, including silver coins, gold ounces, diamond bracelets, expensive watches and a Bentley automobile.

The scheme allegedly involved properties in foreclosure that the brothers acquired through phony quitclaims and forged deeds and then rented out. In other cases, the brothers allegedly convinced homeowners to transfer property to them as a way to avoid foreclosure.

"This is yet another example of the various types of foreclosure scams we continue to see in the county," said San Diego County Dist. Atty. Bonnie Dumanis.

-- Tony Perry in San Diego

Photo: Bentley seized during raid on brothers' residence in San Bernardino. Credit: San Diego County district attorney's office

eric seiger

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