Real estate

Interest Rates Soar

April 15, 2010

As our country seeks financial progression, higher interest rates are inevitable. In case you weren’t aware, we’re already experiencing some drastic increases. According to mortgage company, Freddie Mac, the fixed average mortgage rate is now 5.21 percent… after being 5.08 percent last week! So if you’re looking into buying a place, it might make sense […]

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Taking Care of Business

March 30, 2010

Hello Folks, If you’ve been following this blog you’ll know that we’ve been working on closing on another property in the district. Well last night we sold our stock to raise the down payment funds. The closing date is April 13th, but we wanted to have the funds in cash so there won’t be worries […]

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Investing In REITs

March 26, 2010

Its trite and tired, but if you want to invest in real estate and don’t want to deal with directly managing your property, then your best option is a Real Estate Investment Trust (REIT). If you feel your portfolio could use some exposure to real estate, here is a quickie from Kiplinger to get you […]

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Are You Sure You Want to Invest In Real Estate?

March 18, 2010

Hello Folks, Since we’ve been in the process of buying an investment property, it occurs to me that not everyone realizes the difference between getting an investment and buying a home for yourself. Also, sometimes it seems like new real estate investors often fail to appreciate the complexities and hassles involved in owning property. In […]

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Real Estate, the DC Market and Why You Need An Inspector

March 15, 2010

Hello Folks, Its a soggy Monday here in the district. For today’s posting I wanted to update you all on our progress in buying our second investment property. Over the past couple of weeks we submitted an offer and got the financing nailed down and we are now moving into the final stages of closing […]

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Update on DINKs Real Estate

March 11, 2010

Hey Folks, So, last week we mentioned that we were buying another investment apartment in DC. Well, after some going back and forth between the agents involved, ourselves and the seller, we eventually settled on a price of $182,000. The deal isn’t closed yet. In fact there are several things that still need to be […]

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DC Real Estate: Not 2005 For Sure

March 4, 2010

Hello Folks, Its a brilliant Thursday morning here in Washington DC. As you may know if you read our blog, we’re in the processes of making an offer on an investment apartment. So for the past few days we’ve been emailing and calling lenders to get the right financing lined up. The process has made […]

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DINKs Buying More Real Estate

March 3, 2010

Hi Folks, So we don’t normally write so much about our own finances these days, but it looks like we’ll be buying another investment property. My wife Miel has been keeping an eye on the real estate market here in Washington DC for the past few months. On Sunday she found a great investment prospect. […]

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DC Real Estate Eludes the Recession

September 24, 2009

With the recession a full year underway, how is it that places like DC can remain largely untouched? The scene here in terms of real estate feels a bit surreal. DC homes for sale are simply off the hook. Back several months ago we happened upon a couple of open houses one weekend and we […]

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