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Property Crossroads - Real Estate Info

Archive for February 2007

February 28th, 2007

(Part I) Con Artist Reveals Mortage Scams : “Straw Buyer”

Brent Barber is a convicted con artist.  He was sentenced to twelve years in prison for masterminding one of the largest mortage frauds in the US.  He  pleaded guilty to a 5-year mortage scam that involved almost 300 properties.  More than 80 people were victmized in the prococess.

The first scam he discussed is using a […]

By Maricel Ferrer-Custodio -- 2 comments

February 26th, 2007

3 Basic Rules in Real Estate Investing

1) Know your Budget and Organize your Finances

Most realtors would say that location, location, location is the number 1 consideration in real estate investing.  I partially agree.  I support that it is one of the most important factors, but it comes second to having a budget and finance in place.
With my real estate background, I […]

By Maricel Ferrer-Custodio -- 2 comments

February 24th, 2007

Landscaper Retired a Millionaire…not because of his Business, but from Real Estate!

This morning, I checked out the garage sale of my neighbour here in Sydney, Australia.  I got interested with the display of several outdoor fountains.  Apparently, it was not our neighbor conducting the garage sale but his father.
I asked his father why he was selling so many outdoor fountains.  He said that he and his […]

By Maricel Ferrer-Custodio -- 1 comment

February 21st, 2007

A Review:”America’s Best and Worst Housing Markets”

A Review of America’s Best and Worst Housing Markets as reported in MSN.com
Exerpts from the article:

"Cities showing gains exhibited high job growth and positive net migration figures. They were also areas in which home affordability remained close to national averages through the boom, making them less prone to the corrections and adjustments seen in overheated […]

By Maricel Ferrer-Custodio -- 2 comments

February 19th, 2007

Sydney, Australia : Rents to “Jump” for Years or Rents to “Catch Up” for Years ?

Execerpts from news.com.au’s report "Rents to Jump for Years"  (Feb. 19, 2007) written by Angela Saurine

"Rents will jump due to a dramatic fall in the number of apartments built this financial year, the report by industry analysts BIS Shrapnel says."
"Weak growth in the cost of rent in recent years would lead to sharp rises as […]

By Maricel Ferrer-Custodio -- 0 comments

February 19th, 2007

Zillow Estimates the Homes of the Rich and Famous (you can check your home’s worth too!)

Using Zillow.com’s Zestimate™ you can check the estimate valuation of a home’s worth.
It is definitely useful  to use when you’re selling your house or before you make an offer, when buying a new house. This is just one of the many features of Zillow.  You can check out my previous blog "Zillow : One […]

By Maricel Ferrer-Custodio -- 0 comments

February 17th, 2007

Winning the Lottery and Real Estate : a friend questions me on what to do with the prize money

Last night, $20 Million was the prize money for the Saturday Lotto here in Sydney.  In a conversation with a friend, I was asked "If you won the lottery, what will you do with the prize money?"  I simply said,"I’ll invest it in a business." "So what is a good business to set-up nowadays?", he […]

By Maricel Ferrer-Custodio -- 0 comments

February 16th, 2007

Set your Emotions Straight! - The First Step to Real Estate Success

A lot of books were written about achieving real estate wealth, so many courses are available to educate your way to real estate success, but these are all futile if you don’t fix yourself first!
With so many resources available, you can get confused on which direction to take your real estate investments. The world of […]

By Maricel Ferrer-Custodio -- 4 comments

February 15th, 2007

Did you get caught in the middle of a real estate bust?

Whether you purchased your real estate as an end user or investor, selling in the middle of a bust period could be a struggle.  I emphasized "could" because there are solutions. 
If you will treat your real estate purchase as an investment and think like a businessman, you can hedge it better.   In any business, […]

By Maricel Ferrer-Custodio -- 1 comment

February 14th, 2007

Valentine’s Day : Genuine vs. Commercial Value

For some businesses Valentine’s day could make or break their sales.  This is very true for those involved in the flower and gifts delivery business.  My friend; who is working for one of the top flower delivery businesses here in Sydney, never fails to recruit for casual workers during this period.  He said that it […]

By Maricel Ferrer-Custodio -- 1 comment

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