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Buying a Vacant Bank Owned Multifamily? Start With Technology For Due Diligence

I have yet to find an occupied bank owned property. When banks repossess property they tend to vacate it as a matter of course. When you’re evaluating a vacant property as an investment you need to forecast the PRI or potential rental income for next 12 months of your ownership (and beyond). You can do [...]

8Apr2008 | Brecht Palombo | 0 comments | Continued
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The Landlord Video

OK, I suppose this video may offend some, but I think it is hilarious. This isn’t exactly new but I just have to have it on my site. Watch and enjoy.

4Apr2008 | Brecht Palombo | 0 comments | Continued
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Retiring With Passive Real Estate Invesments

It’s the dream in the end isn’t it? You work hard, you manage your money correctly, and then eventually it’s time to kick back. If you’re a real estate investor though you’re facing one big hurdle - taxes. If you own a property long enough to have it basically fully depreciated you’re going to be [...]

27Nov2007 | Brecht Palombo | 0 comments | Continued
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