Last week, I started a series of articles about things I’ve changed my mind about over the years; as in, used to see them as absolute right/wrong issues, and now think of them as, well, at least 49 shades of gray. If I were a politician, this would be called flip flopping. But I’m not,…
Which, if you missed it, was to repeal a never-enacted rate cut to FHA buyers for mortgage insurance premiums. In his last days in office, president Obama issued an order to cut the annual mortgage insurance premium from .85% of the loan balance to .60%. This rate cut didn’t go into effect until January 27th,…
Like a lot of seasoned investors, I have a LOT of opinions about the “right” way to do things. In fact, I’m afraid that, once I form a particular belief about something, I might be even MORE likely to stick to it like white on rice than the average person, ‘cause I’ve been around the…
Understanding Performing vs. Non-Performing Note Investments There are 2 kinds of notes that you can buy: performing (that is, the note is being paid as agreed by the borrower) and non-performing (the payments are not being made, and the note is “in default”). Usually, when you buy a non-performing note on a vacant home, your…
In every single city I visit, I’m challenged with some version of this statement: “Our market is so hot that it’s really not possible to buy deals at investor prices right now—much less at wholesale prices.” And I mean EVERY city, from Nashville to L.A. to Toledo. In fact, I hear the…