Tag Archives: down payment

BOOK REVIEW: Crash Boom! Rx for Real Estate Wealth

I’M NORMALLY EXTREMELY SUSPICIOUS of financial ‘gurus’ and of people who have their heads swayed by their often-dubious advice. But a new book by Greg Rand, a real estate entrepreneur who contributes to Fox News (maybe that’s why I hadn’t … Continue reading

Posted in BOOK REVIEW, MANAGING RENTAL PROPERTY, REAL ESTATE/INVESTING | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Chip Off the Old Block

WELL, I HOPE I’M SLIGHTLY MORE DELICATE THAN THE PHRASE ‘old block’ implies. But I use the expression because my 25-year-old son and his girlfriend just closed on an old house in Philadelphia, following my lead in acquiring vintage real … Continue reading

Posted in PHILADELPHIA, REAL ESTATE/INVESTING | Tagged , , , , , , , | 8 Comments

Contract Remorse

THIS WEEK I went to contract on a 1940s shingled cottage in Springs (or is it “the” Springs? I guess I’ll find out). It’s a hamlet a few miles north of East Hampton, on Long Island’s South Fork. I should … Continue reading

Posted in LONG ISLAND, REAL ESTATE/INVESTING | Tagged , , , , , , , , , , , , , , | 7 Comments

Tight Fists in the Mortgage Market

IN LATE 2007, I GOT A NEW MORTGAGE from Sovereign Bank on an investment property in Philadelphia, and refinanced a weekend house in upstate New York with Countrywide, just before the fall. In both cases, despite a perfectly lovely FICO … Continue reading

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