March 13, 2009
“Most of the biggest real estate fortunes were not made in good times, but in bad times like this” Barbara Corcoran reminds us in this talk with NBC . It’s important perspective for Americans wondering how to invest in foreclosed properties without losing their cash or their credit rating. In the 4-minute interview, Corcoran quips on the basics and the essentials of foreclosure investing, “Everyone who loses their shirt loses it somewhere else.” “Every big shark started small.” “The house on the corner sets the tone for the block.” She also lends some personal perspective to rent rolls, the cost of losing a tenant, and finding a good business partner.
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March 12, 2009
You know you’re in the middle of an economic crisis when an accounting issue become Front Page News, and that’s exactly where we’re at today. Mark-to-market accounting is having its day in the sun and people in need of mortgage sometime soon would do well to pay attention. If you’ve never heard of mark-to-market accounting, don’t worry.
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