Whew….. I think we’ve reached a point were the elevator has at least slowed it’s descent -if not come to a halt for the time being. I am seeing pockets of stability, multiple bid situations, and anxious home buyers in our local Charlotte North Carolina real estate markets. Both real estate investors and home buyers… Read more »
As some of you may know, I’ve been a Hard Money Lender in Charlotte North Carolina. Needless to say, we were running along fairly well in our local real estate markets till Wachovia Bank imploded at the end of September, 2008. Sure we were slowing down in 2007 & 2008. However, our markets were still… Read more »
Suffice it to say, I’m not going to miss 2009 with regards to my business and investments…. From a family standpoint it was absolutely fantastic. Emmy hit 4 this summer swimming like a fish and Max at 7 is growing out of my concept of ‘my little boy’…. Oh, they just grow to fast. 2009… Read more »
It was the February of 95′ and I was circling a neighborhood I had identified as an above average appreciation rate due to its gentrification. Here I was looking at a duplex listed for $68k and I had thought it was all I could afford… I had my neighbor with me and we circled the… Read more »
The back end of a 1031 Tax Deferred Exchange… I call it Big Blue. She’s a 2000 square foot Pre-1920’s two story Victorian that was converted into an upstairs/downstairs duplex some 30-50 years ago. 10 foot ceilings and 5 coal fireplaces with original mantels. It would be easy to convert back into a single family… Read more »
Originally posted by Tyler McCracken on 11/10/2009 on www.askthelandlord.com You Can’t Handle The Truth!!! When will this (real estate) elevator hit the bottom??? Part I I’ve just come through a two week period were the realities of my world hit home as I downshifted into another phase of my real estate operations. Anyone who has… Read more »
Originally posted by Tyler McCracken on 11/3/2009 on www.askthelandlord.com INiTIAL THOUGHTS ON MULTIFAMILY INVESTING –PART 1 We landlords often classify ourselves as cheap, frugal, thrifty…., to name a few… Truth is we’ve been educated to look for Value. I started my career of Landlording focusing on multi-family housing. I discovered I could get a lower… Read more »
Orginally posted by Tyler McCracken on 10/25/2009 on www.askthelandlord.com State of the Real Estate Economy as of October 2009 I’ve had various thoughts for what I’d write this week… Reflecting back I am seeing a consistent theme with those that play in the land of real estate. Uncertainty, Fear, and somewhat worn out against a… Read more »
Originally posted by Tyler McCracken on 10/11/2009 on www.askthelandlord.com A Way To Wealth With Rentals: A Tale of Landlording That Anybody Can Replicate. I remember the day like it was yesterday -February 14, 1994. That was the first day of my career as a landlord in Charlotte, NC. Roughly a year earlier I had bought… Read more »
Originally posted by Tyler McCracken on 10/4/2009 at www.askthelandlord.com Owner Financing is Out There: A Tale of a Win/Win Arrangement & The Power of Compounding. There was a day that I was shy/scared/intimidated (or whatever you want to call it) to ask a Seller if they’d consider owner financing. After being in the business for… Read more »
