tag:blogger.com,1999:blog-86882820507501490352011-11-27T18:56:03.157-05:00A real estate revolution is under way! Markets, Mortgages and Money, learn the strategies that will help you build a successful real estate business.Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.comBlogger431100tag:blogger.com,1999:blog-8688282050750149035.post-7071166382660995472010-03-31T07:09:00.003-04:002010-03-31T07:15:06.357-04:00

Property Wire reports that Texas is now leading the real estate crisis in the US with a 35% increase in February in the number of foreclosed properties according to the latest figures.The articles stated; “It was the highest monthly gain of any state in the country, according to data from ForeclosureListings.com”. The information was gathered from foreclosurelistings.com, an online foreclosure

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-36303608263753081572009-07-25T08:49:00.005-04:002009-07-25T10:14:53.643-04:00

There is a great article on MarketWatch.com about the tax credit and how it works. (see linke at the bottom of this post) A reader wrote in to inquire whether two people who are planning on getting married can by a home before they are married and then both claim the $8,000 credit.The answer was a resounding NO! Here are some important things you need to know about the Federal Tax Credit for

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-81649244708686329262009-06-15T09:12:00.006-04:002009-06-15T10:27:17.270-04:00

Whether you are a real estate investor and you want to use a ‘flip’ strategy or you are a homeowner ready to sell your home fast so you can take advantage of the current market to upgrade. Luring the right buyers is critical in this type of real estate environment.With the federal tax credit of up to $8,000 and now with HUD allowing for the issuance of short-term ‘down-payment’ loans for those

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-47480471972255742262009-05-29T14:56:00.003-04:002009-05-29T15:24:50.551-04:00

Interest rates have gone haywire the last couple of days. You won’t hear it reported in the media though. Why? Because it would look bad for certain economic positions and actions taken by the current Administration …at least that’s my take on it…The problem is that the bond markets are upset about the way the Obama Administration has handled the bond holders for Chrysler and fear the same will

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-14619011351578778052009-05-13T13:01:00.003-04:002009-05-13T13:06:51.250-04:00

The second wave of foreclosures has arrived. Is the American economy ready?The tide of potential foreclosures has been rising for quite some time. The U.S. economy had a brief respite while banks and lenders tried to decide which way the political winds were blowing. This may have briefly delayed many of the recent filings.Now that the new administrations policies are clear, the cleansing of the

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-41672835590827336682009-05-05T13:41:00.005-04:002009-05-05T13:53:44.346-04:00

In a shocking display of just how bad the foreclosure crisis got in California, a Texas bank decided that it was more cost efficient to destroy 16 brand new homes in a development they took back through foreclosure than to try and finish and sell the homes.This is true evidence of exactly how far prices have crashed and is the perfect indicator of what happens when a crash begins to reach the

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-61421236228648620752009-04-20T09:11:00.004-04:002009-04-20T10:36:49.484-04:00

Many of you know that I have a passion for real estate and some of you even complain that I work at it way to much. Well guess what, I've listened to you and I'm turning over a new leaf.Instead of working at this business day in and day out. Grinding it as my dad used to say... I've started a new venture that will let others 'grind it' with me!I bet you thought I was going to say I was hanging

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-27216905646094876832009-04-01T08:37:00.006-04:002009-04-01T09:28:29.503-04:00

Normally I reserve this blog for comments on residential real estate investment strategy, but today I'm going to stray from my normal regimen.Interest rates are at all time lows. So far the only people that could refinance were those with a lot of equity in their home and perfect credit, but all that is about to change.Many of us pay our bills on time and are responsible and we have bemoaned the

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-87687549286865525362009-03-29T22:18:00.002-04:002009-03-29T22:25:22.119-04:00

Many investors today are chasing the ‘short sale’ as a viable preforeclosure strategy. However, they are finding that the short-sale is really a long sale.The one thing to remember about short sales is that you may be able to short the mortgage on the home but you’ll have to be long in patience! With the advent of the government encouraged loan modification process, the short sale process has

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-3403515841764727972009-03-24T17:04:00.002-04:002009-03-24T17:59:35.858-04:00

Recently I read a great article on MarketWatch written by Amy Hoak. http://tinyurl.com/dx9wjb She believes that the signs are right and buying now may be a very smart decision.The reason that a lot of people are choosing not to buy right now is because of all bad news in the media. However, it is exactly times like that the people need to break away from the pack and buck the trend.Warren Buffet

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-24971085997092489352009-03-05T11:35:00.005-05:002009-03-05T17:09:27.980-05:00

http://strategysessions.blogspot.com/Remember those really great roller coaster rides you experienced as a child? After zooming around several twist and turns and being jerked from side to side, your cart would slow as it approached the really large hill.You hear the chu-chunk of the hook as it locks onto your cart and then you experience a slight jerk as you are pulled reluctantly forward.

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-5581966414985680462009-02-12T07:03:00.007-05:002009-02-12T07:30:33.365-05:00

Americans are receiving an opportunity we haven't seen in over 30 years! That opportunity exists today, right now!Like many Americans I was taught that saving was important but I never really 'got it' until now. We all thought that Social Security would be there for us. Many government officials have also touted the virtues of Medicare and Medicaid to take care of us when we are older.The Nanny

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-47213534886374464372009-02-10T08:16:00.000-05:002009-02-11T08:30:02.049-05:00

Confused by all the rules and regulations coming out of banks these days? Well here's on piece of news that makes a lot of since!But this time it's a good thing! If you are a real estate investor specializing in residential you are getting ready to receive relief!Many residential real estate investors have had their businesses stalled because of Fannie's 4 financed properties rule. But the game

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-81596055121070181662009-02-06T15:12:00.001-05:002009-02-06T15:26:40.245-05:00

...Okay folks, get ready for a long one, but hopefully worth the read! :) I want my Four Point Five, interest rate that is… That’s right, we’re all sitting around waiting for that 4.5% interest rate that the Feds promised. After all, it’s the only thing that will get our economy turned around right?Well, that and the new pork belly stimulus package, but that’s a different subject all together.We’

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-2124092823473075862009-01-23T08:44:00.000-05:002009-01-23T13:49:00.619-05:00

I was tooling around the web the other day and I was looking for new strategies to maximize the use of a mortgage. Many of you know that I see the mortgage as a financial tool and I’m always looking for new angles to use this tool!A mortgage helps an individual employ one of Kiyosaki’s main principles of using OPM, other people’s money. In recent years as the banking and real estate industries

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-57901162845121874442009-01-19T15:43:00.001-05:002009-01-19T15:57:20.508-05:00

Banks are crumbling all around us. The Royal Bank of Scotland is receiving a $41 billion dollar bailout.... That's Billion with a capital 'B'! The EU is crumbling, the Bank of Japan needs more liquidity and CitGroup is trying to divide itself again.With all these problems with banks, how does anyone get a loan. It's simple, there are three things that banks are looking at right now. Provide the

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-83581400299523005102009-01-09T13:29:00.000-05:002009-01-09T13:35:43.184-05:00

The year was 1950 and World War II had just come to an end. The next great conflict was just around the corner, the Korean War. The news was filled with warnings about the coming onslaught of communism. Filled with fear from the looming Cold War and knowledge that the devastation of the Atom bomb had been achieved by our new adversary, the Soviet Union, Americans were working hard to put a

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-86910514745365405502008-12-30T20:56:00.001-05:002009-01-02T18:18:19.982-05:00

After a fairly frustrating week of hyper active rate fluctuations I collapsed on Saturday, tired, worried and spent. Interest rates are at their lowest level in years yet nobody is willing to pull the trigger on a refi to lower their rate. Housing prices are at their lowest level in years and no one is willing to make an offer to buy. Rents are rising, foreclosures are rising and the only good

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-35383236959497313722008-12-30T20:53:00.001-05:002009-01-02T18:18:20.011-05:00

Ding Dong is the universal written symbol for a doorbell. It's also the universally understood name for someone that isn't quite right in the head ....if you know what I mean.Will, I'm not afraid to admit it, I've been a Ding Dong more times in my life than I care to remember! :) But I don't have to be that person any more, at least where debt is concerned, and I'm helping others shake that

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-49092005580857812412008-12-30T20:49:00.001-05:002009-01-02T18:18:20.060-05:00

In my last post I talked about the seriousness of debt in America. I was ...and still am... incensed that the Treasury and our government think that the only way out of our current economic crisis is to have Americans spend more! It's craziness!I have taken a new approach and it is unbelievabley exciting. I am using technology to get myself out of debt. If you have a moment I want to tell you a

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-55915597101023189802008-12-30T20:44:00.001-05:002009-01-02T18:18:20.092-05:00

Everybody is wondering about the economic crisis. What caused it, how do we get out of it? What’s next?By all accounts, the experts say that America and the world have been on a spending binge. This ‘all nighter’ was precipitated by the availability of easy credit. The entire world is guilty.Our appetite for spending and our willingness to ignore the lessons of the past concerning debt have fully

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-8265434658216481552008-12-30T20:39:00.001-05:002009-01-02T18:18:20.115-05:00

Don't playt he rate game, here's why! The chart to the right shows the 10-Year Treasury Yield for October 8th, 2008. The Yield shot up to 3.72%, up 21 basis point from the previous day!How could this be possible? Didn't the Fed announce that they were dropping the Fed Funds rate by 0.50% today? Didn't that reporter just say that rates were lower and this was being done to heat up the economy?Now

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-77966103844199172812008-12-30T20:35:00.001-05:002009-01-02T18:18:20.131-05:00

Being short can be tough. You can't see over things and in large crowds. You need someone to let you sit on their shoulders if you want to watch the parade. It's a tough life being short! Unless you're this kind of short...I've been a traditionalist most of my real estate investor life. I find foreclosed listings, make a low offer and dicker-n-bicker until I get what I want or until I'm forced to

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-54406515166783815412008-12-30T20:31:00.001-05:002009-01-02T18:18:20.146-05:00

As the Spice Girls so aptly wrote in their song .....So tell me what'cha want, what'cha really, really want. I wanna, I wanna, I wanna ...... I tell you what I want! I want some sense and sensibility to be put back in the markets!And, I finally think that is going to happen. In my BrainsNotIncluded blog (http://www.brainsnotincluded.com/) I've railed against the way that the Feds and the Sec.

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-65867526241302800382008-12-30T20:23:00.001-05:002009-01-02T18:18:20.162-05:00

It is 3:00 AM Eastern Standard Time and I’m wide awake. I can’t stop thinking about that ad. It keeps rolling through my mind and I can’t stop it. You know the one….‘Don’t pay closing costs. Don’t give those pimps your money. We’ll close your loan for free, No Closing Costs! Then we’ll manage your loan for you. We’ll sit back, watch the market and the when the time is right, we’ll do it all over

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-3440516449682229352008-12-30T20:18:00.001-05:002009-01-02T18:18:20.182-05:00

The night was stormy. The wind was trashing and thunder was crashing and trees were falling all around us. It was a horrible storm. The rain was coming down in sheets and water flowed through a gash in the roof filling bucket after bucket with water.The next day we surveyed the damage. After pulling a huge tree limb out of the roof it revealed a gaping hole. Something had to be done so a huge

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-6533185149149343712008-12-30T15:26:00.001-05:002009-01-02T18:18:20.214-05:00

Do you remember the old saying; 'Ladies and gentlemen, Elvis has left the building!' The reason that the saying exists is because after an Elvis concert the concert hall would stay packed and people would not leave. They would linger, not knowing what to do next. Would he come back, was it all over, they had no ability to make a decision. Well, a similar thing has happened in the stock market and

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-49014756712396866642008-12-30T15:22:00.001-05:002009-01-02T18:18:20.236-05:00

Today I want to talk about making offers. I often think I should devise a game to teach people how to make offers. I'm not talking about negotiating, just making a plan old, vanilla, down and dirty offer.Real estate can be a trying business at times. Especially at times like these. With tons of foreclosures on the markets and agents fielding calls from every nare-do-well on the block asking inane

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-60613712815044153582008-12-30T00:05:00.001-05:002009-01-02T18:18:20.275-05:00

More and more people are becoming frustrated with the lack of growth of their IRA and 401K investments. The stock market isn't doing well and niether is the economy but there is one growth opportunity out there that many are turning to .... real estate.With the proliferation of foreclosures, homes can be purchased relatively cheap and in many cases can be rented for positive cash flow. The

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-57993195155418411992008-12-29T23:59:00.001-05:002009-01-02T18:18:20.293-05:00

Revolutions, revelations, revaluations! Oh my! It's the three R's of real estate and what they brought us this time wasn't good....but the bad times are almost behind us and it's time to look to the future.The revolution took us by storm from 2002 to 2007. A housing boom so exuberant it could not last. The revelation of that caused a crash that has affected the world economy. Now for the

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-71161150960366622072008-07-29T10:00:00.001-04:002009-01-02T18:18:20.311-05:00

The Housing Bill passed both houses of congress with flying colors and now it seems that a threatened veto by the president has been reconsidered and he will sign the bill after all. So is the housing bill good or bad for America?Let’s take a look at some of the finer points in the legislation.· $7,500 Tax Credit – Yes that’s right, for those of us who buy a foreclosed home as a first

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com1tag:blogger.com,1999:blog-8688282050750149035.post-81777099967849534572008-07-14T21:56:00.001-04:002009-01-02T18:18:20.330-05:00

Many people are worried about their home values. A recent study shows that home values dropped by 1.7% last month in 43 states. That’s the largest drop in recorded history. So what can you do?First, don’t panic! Remember that real estate is an illiquid asset. In most cases non-liquid markets tend to stabilize faster than liquid markets. After all, you can make a run on a bank and you can

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-41398540739189290632008-07-14T21:54:00.001-04:002009-01-02T18:18:20.349-05:00

Okay, so you job is on shaky ground, you can’t afford to put gas in your car to take a vacation and the kids are driving you crazy! You know what that means?It’s project time. What?!? That’s right, it’s project time. Summer projects are a great way to bring the family together and keep everyone focused. Why not get back to basics with a family project that will make everyone feel great when

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-45367016197233845012008-07-14T21:46:00.001-04:002009-01-02T18:18:20.367-05:00

As an investor, your financial future depends on your ability to get financed. The rules have been changing for months now and conventional and hard money financing have hit rock bottom.The noose around the neck of the real estate community is meant to strangle you, the investor. If you’re not strong enough and knowledgeable enough, you will not make it. So what can you do?Two things! First,

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-22061391991573661402007-09-06T08:34:00.001-04:002009-01-02T18:18:20.391-05:00

Hopefully this will be the last of my prose on the Credit Crunch. You all know that I have been upbeat throughout this historical economic shift and market correction. I know that it has been challenging for all in the real estate industry. The good news is that the markets are settling. While the throngs of Wall Street analyst decried Fed Chairman Bernanke for being to slow to add liquidity

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-10866576807363600622007-08-27T10:05:00.001-04:002009-01-02T18:18:20.254-05:00

There is one overwhelming truth about real estate. No matter how many times you hear the ‘no money down, no credit needed’ mantra, it takes money and credit to make it big in real estate. For those investors that have a buy and hold strategy and/or a lease purchase strategy, now is the time to make a move. If you look around you will find that those investors that make the most money and

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-76233520206246397702006-04-27T21:23:00.001-04:002009-01-02T18:18:20.407-05:00

'Bernanke raised the prospect of an end to rate hikes, but also made it clear that a pause in interest-rate increases wouldn't necessarily mean the Federal Reserve was done raising rates.'I read this today a marketwatch.com and my heart leapt. being a mortgage guy, it's tough when rate rise, but there may be an end site.....or not. Bernanke is a numbers guy and I like that. He's taking

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-40850054695970552952006-04-25T08:57:00.001-04:002009-01-02T18:18:20.422-05:00

Okay, it's getting tough out there. You've got the gurus traveling around the nation heating up every market they roll into. Home prices are out of control and anyone who can fog a mirror can get a loan to buy a home. It's so out of control that even Donald Trump himself has started a nationwide tour to educate the masses about the virtues of real estate investing as a wealth building tool.All

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-38770010756163197072006-04-24T23:59:00.001-04:002009-01-02T18:18:20.439-05:00

Every day I hear about the housing bubble. Honestly, being in Atlanta I can't see it. Values inside the perimeter haven't even reached their full potential yet and there are many other growing cities with similar real estate markets. So if the bubble is not here or in other similar size cities with booming growth, where is it?I think the housing bubble is along the coasts, the lake, the rivers

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-4371449931749847722006-04-19T23:20:00.001-04:002009-01-02T18:18:20.455-05:00

I'm tired of the one size fits all loans that some lenders promote and the 'get rich quick' schemes being promoted by so many of the real estate guru's on the speaking circuit today. We need to get back to the real deal. Real real estate investing, real lending, teaching people how to build a real real estate business!Today I'm fighting the so-called No Closing Cost Loan. A regional player in the

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-52971981259717340252006-04-05T17:34:00.001-04:002009-01-02T18:18:20.475-05:00

Real Estate Revolutions - Rethinking Real Estate Investment Strategies is a book I wrote based on my 20+ years of experience in the real estate industry. As an author on the subject of ethics and morality in real estate and because of my history in the industry as a builder, Realtor, appariaser and mortgage broker, I have become very concerned with the 'guru' culture that is running real estate

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-43977359988853808652006-04-05T17:34:00.000-04:002009-01-02T11:15:24.666-05:00

Real Estate Revolutions - Rethinking Real Estate Investment Strategies is a book I wrote based on my 20+ years of experience in the real estate industry. As an author on the subject of ethics and morality in real estate and because of my history in the industry as a builder, Realtor, appariaser and mortgage broker, I have become very concerned with the 'guru' culture that is running real estate

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0tag:blogger.com,1999:blog-8688282050750149035.post-76236210910390353962006-04-05T15:21:00.001-04:002009-01-02T18:18:20.496-05:00

This article was published in several periodicals over the past couple of years. The blog will not allow me to show you the actual diagram labeld Fig. 1, but as with any of my articles or books if you email me I'll forward a copy to you in a Word document (.doc).....Enjoy!Understanding Appraising A vital part of the success of any investment is making sure that you know the value of

Michael Grosshttp://www.blogger.com/profile/10091173709622907367noreply@blogger.com0