Jan
31
Most consumers use the internet to search for information on mortgages. Here was a recent question on making mortgage payment by an investor:
“I bought an investment property last year. How many months can I skip paying my mortgage before I lose the property?”
The politically correct answer:
“After four missed payments, the foreclosure process will begin.”
The not-so-politically correct answer:
“Stop watching Carleton Sheets infomercials.”
Oct
16
Flipping in Denver
Filed Under denver, mortgage, real estate | Leave a Comment
While I’ve entertained thoughts numerous times on flipping homes in Denver, I’ve decided against it mainly because I know too many people who’ve failed at it rather than succeeded. These were established real estate investors who failed, not neophytes who watched a Carleton Sheets infomercial one night and decided to try their hand as a budding real estate mogul. Their failures taught me one lesson, have deep pockets because your carrying costs are going to be far greater than you initially imagined. For more on fllipping in Denver, check out this Denver Post article “Flip this house? Not so fast.”