Real Estate Investing Links for December 9, 2009

6 Financial Moves that Sound Good but Aren’t This article from Robert Kiyosaki’s Wisdom of Rich Dad blog assesses the advantages and disadvantages of common financial decisions. He advises against a line of credit’s tendency to limit borrowing power and the avoidance of “good debt,” like mortgages, that can serve as valuable investments for the … read more

Before You Cosign a Loan, Understand Your Obligations

What would you do if a friend or family member asked you to cosign a loan? Before you answer, make sure you understand what your obligations are. When you agree to cosign for someone else’s debt, you are essentially guaranteeing payment if that person defaults. You are being asked to take a risk that a … read more

Real Estate Investing Links for December 2, 2009

Warren Buffett Advises Rice University Students The Chronicle’s Jennifer Latson reports on a recent Q&A session billionaire Warren Buffett held with students from Rice Universities’ business school. Despite his billionaire status, Buffett awed students with his warm demeanor and advice that “success is getting what you want, but happiness is wanting what you get.” Aside … read more

Real Estate Investing Links for November 25, 2009

Proposal Ruffles Builders The Austin Business Journal reports on Austin builders’ rejection of a new ordinance under the 2009 International Energy Conservation Code. The code includes heating, ventilation, and cooling inspection for every single or two family unit and all multifamily property 10,000 square feet or more. Although statewide acceptance is required for federal endowments, … read more

Texas Cities Remain Top Single Family Housing Markets

Reed Construction Data covers the trend of increasingly healthy markets in major Texas cities such as Houston, Dallas, Austin, and San Antonio. Dallas and Houston have recently been reported to have more multifamily permits than New York City! The trend has been attributed largely to “college and oil patch towns” that avoided both the housing … read more

The Del Walmsley Show – Discussing Automatic Enrollment into 401(k's) – Do You Pay Attention to Your Money?

“It’s just the situation that most people — 99 percent of the people—don’t pay attention to their money. They don’t care. And it’s so prevalent that they can write about you in national magazines telling people, “All right. Let’s take advantage of this laziness and this ignorance of the financial situation that they’re in and … read more

Real Estate Investing Links for November 18, 2009

Foreclosures Hit Record Highs in San Antonio San Antonio foreclosures have hit record highs, as My SA Business reports that the numbers are up 40% from this time last year. The situation is reminiscent of 1987’s oil bust when “half of all local home sales were foreclosures.” Despite this seemingly desperate situation, professionals report that … read more

Texans Vote for Amendments that Benefit Homeowners

Texas Real Estate reports on the three constitutional amendments and one proposition recently approved to revise the appraisal process and eminent domain. The reforms, benefiting Texan property owners, should make for a “fairer system.” The article outlines each proposition with propositions 2 and 3 concerning appraisals, and propositions 5 and 11 affecting the exercise of … read more

Real Estate Investing Links for November 11, 2009

Real Estate Goal Setting Lifestyles member Bryan Upton blogs about how to set investing goals and the five ways real estate makes you money. The article, from Allie’s Acquisitions, demonstrates how to form strategies for specific goals such as cash flow and net worth. Peppered throughout the post are useful investing maxims such as “a … read more

The Five Laws of Gold

When I first read “Richest Man in Babylon” by Goerge Clason, I had my doubts as to whether strategies and tactics based on thousand year old principles would be relevant to me in the 1990’s. Now, 20 plus years later, after having executed the laws and rules outlined in the book, I know it to … read more