I was sitting in a class last night after speaking to a few local Real Estate Agents about buying foreclosed homes and some multi-units. I had one of those moments of clarity and I am not sure why I had not thought of it before. Her monthly was payment was $499 and that does not include taxes or
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01/27/2009
I am a squeaky wheel, and you know what happens to the squeaky wheel. Well, it is either oiled or taken off the wagon. Well, I like to get oiled, and I have been having an issue with Best Buy. Good company, but they have their issues and I think we all do as we grow, get complacent or hire high
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01/23/2009
When an Indiana homeowner sells his home and decides to buy a new one, there are really just 3 basic options for the residence -- sell, keep or rent.Unfortunately, no matter which path is chosen,the Indiana move-up homebuyer will be in need of a home loan and they will find that qualifying for th
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01/23/2009
I sat down with some friends (colleagues, mentors, knights of the Round table) and we worked on a list of blunder that you can commit in 2009. We thought long and hard and we finally did the "10 Huge Blunders in 2009" Take a look at them and see if you committed any of them in 2008. I know I di
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01/19/2009
Looking Past the Headlines I have preached and preached about the negative news that we get, but they are still up to it and it still makes me mad as a hornet. In the latest, Mad Mortgage Machine blog and videocast, I go off on the papers a little as they expound and do not give the whole storie
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01/16/2009
After a weak holiday shopping season, annual retail sales declined in 2008. I know we did a smaller Christmas in our family and extended family It is the first time annual Retail Sales declined since the government started tracking the data some 40-odd years ago. It also gives nod to the notio
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01/15/2009
On Monday, I said... I had no idea that he would affect the oil markets. I know gas pricing is affected by what is going on with Israel and Gaza and we all know that if Canada launched missles at the US. We would tear thema new one. Why can’t Israel do it.But, I digress, as Big Ben spoke, he
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01/14/2009
I have often touted the benefit of Indiana home ownership is the tax benefits. Now, I am not a tax professional. Please consult a local tax professional. Since, the IRS makes it difficult to understand how the benefits actually work. Indiana Homeowners have two related tax deductions: 1. annual m
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01/14/2009
I just got this in an email. Not the greatest news for Cigar smokers, but better than the alternative. I think I would have quit smoking at a $10 per cigar tax. No, I would have quit. I think everyone else would have quit and so this would not even be a tax as no one would partake in the ple
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01/14/2009
Everything we buy is based on Supply and Demand, oil, cars, food, hdtv and even Real Estate. * If demand outweighs supply, home prices rise (think 2002-2007) * If supply outweighs demand, home prices fall (think last year) So, it was good news for sellers last month that the inventory of “used”
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01/13/2009