On February 3rd, 2017, President Trump signed an executive order that requires the Secretary of the Treasury to review Dodd-Frank. So, what is Dodd-Frank? The Dodd-Frank legislation was passed over six years ago and it was intended to prevent the market turmoil that ensued in 2008, from happening again. If
Read More
I was prompted to write this article when I saw an article from Realtor.com titled Apartment Market Slumps as Supply Surges. I ignored my urge. Then, a few friends, who read the same news feeds, asked something akin to “Is the multifamily product finally going to crash allowing us investors
Read More
My story on the AVM model going wrong on my line of credit prompted me to write this article. I remember my first real estate broker was also an appraiser. God rest his soul, he was a great guy. I remember him pulling up Zillow and looking at their
Read More
If you have a home equity line of credit (HELOC) on your house, your bank will be periodically running an Automated Value Model (AVM) on your home’s value (think Zillow’s Zestimate) to determine if their loan to value (LTV) ratio is increasing. If the estimated value of your home decreases
Read More
Do you know what a cap rate is? When I first started flipping properties I had no clue what it was. When I first started I was concerned with one thing only which was cash flow (and you should be too). However, when you expand your horizon and look at
Read More