May 26, 2016
PLUS: New York Is Lending Money - For Free!
Welcome to it folks! Today we will start with a little discussion of the choices I have been making in my own search for my perfect next property. Building on a lot continues to work the best on paper, but I also continue to keep my eye out for the perfect existing single family home opportunity. On some weird level, I really like the idea of buying an older home - I mean really old - like from 1910. I just love the feel of some of those old places and there are a few neighborhoods tucked around my area where you can find homes of that vintage. Maybe I am nuts, but they make me smile.
Plus, the state of New York is loaning money... for free. We will chat about the reasons why and where the money came from.
Also, we will talk about the top 5 reasons why some homes remain under water. I was actually surprised to learn that there were still so many homes where owners owed more than the home was worth. The reasons why they are under water in many cases was even more eye opening and could be great indicators for buyers and investors who are looking to find homes to get involved with.
Yesterday was our last day for the weekly poll. Frankly, there were too few participants in that poll to come up with any sexy conclusions. This week, we will ask the question, "Should the state be providing interest free loans to only certain individuals?". Find that poll and links to articles discussed in todays show in the show notes at http://www.therebelbroker.com