Hello Folks,At some point you may have the personal finance basics covered - got your debt paid off and have an emergency fund built up - and may be looking to juice your bottom line beyond what vanilla investments like stocks and bonds can offer you. In this case, you may be considering investing in a small business.Statistically, most small businesses fail within the first … [Read more...] about Evaluating Small Business Investments
Hello Folks,I'm getting slammed at the University and won't get a chance to put down a longer, more substantive posting today. Instead, here is a video from Kiplinger's personal finance. Its on the topic of how the mortgage market has changed in recent years. Some of the highlights: its harder to get a mortgage, but you can still get an adjustable rate loan if your budget … [Read more...] about Getting A Mortgage Today
Hello Folks,This quick video from Meredith Whitney caught my eye. Just as a reminder, Whitney is an independent analyst who called the housing bubble and subsequent crash back in 2008. She's a smart cookie. In this one her comments echo what I've been hearing from Mortgage lenders in the DC area, so it might be an informative watch if you're investing in real estate or … [Read more...] about Housing Market To Double Dip?
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 a nutshell, owning investment real estate means … [Read more...] about Are You Sure You Want to Invest In Real Estate?
In case you were wondering...here is a write up of the some of the basic economics of a World War 2 era prisoner of war camp. … [Read more...] about Economics of a POW Camp
Hi All,Well, it had to happen eventually. Evidently after the bloodletting in 2008, wealth is coming back. The Wall Street Journal's Robert Frank has two great postings on the topic:1) The US millionaire population jumped 16% in 2009.2) Resources of the world's billionaires grew 50% in 2009.Also, the AP is reporting that US household networth increased 5.5% in the 3rd quarter … [Read more...] about Wealth is Back, But Not For Everybody
The Sacramento Bee has the story. … [Read more...] about IRS Visits Sacramento Carwash in Pursuit of 4 Cents.
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 the deal.Well, this weekend we had an inspector in to have a look at the … [Read more...] about Real Estate, the DC Market and Why You Need An Inspector
I wanted to share a bit about the recent release of the "coroner's report" on the demise of Lehman Brothers. A friend of mine actually helped with the 2,200 page summary of the downfall, and I thought you might be interested in the highlights from the New York Times article, "Report Details How Lehman Hid Its Woes"According to the report, Lehman used what amounted to financial … [Read more...] about How Lehman Hid Its Woes
Good Morning Folks, I was surfing through Yahoo this morning when this video jumped out at me. Evidently, Bank of America has been developing a nasty habit of foreclosing on people accidentally. For example, a few weeks ago in Florida, the bank accidentally seized the home of Charlie and Maria Cardozo. BofA went into the Cardozo's home, took the furniture, changed the locks … [Read more...] about Is Bank of America Developing A Pattern of Wrongful Evictions?