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We just finished updating our Houston HUD Homes website with a new group of foreclosure properties up for auction this following Sunday March 2nd. This week we have twenty nine new government foreclosures available, starting as low as $44,000 up to $134,000 spread all over the Greater Houston Area including Katy, Cypress, Missouri City, Conroe and more. These properties are being sold "as is" and they represent a good opportunity for someone to purchase a home at a great price for themselves or to secure a great rental income property for investment. Visit our site today and keep coming back every week for a new group of foreclosure properties.

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Bank Foreclosure Report | Week 2 July 2007

    Total Properties Sold 194 Average Square Footage 2014 Average Days on Market 68 Min   Sales Price 12,500 Average Sales Price 117,944 Max Sales Price 990,000 Selling Price/Asking Price 0.96 Average Price/SF 59 … Read Full Post

"The fastest way to get rich quick ... is to not get rich quick" Dave Ramsey

Today I wanted to write about a conservative real estate investment strategy that is single handedly responsible for the creation of a large amount of wealth in this country. Chances are you don't hear much about this strategy because it does not make you a millionaire overnight, and as such you will probably not see a spokesperson with a Pepsodent smile taunting it in a late night infomercial as the newest way to hit it big.

The investment strategy I am referring to is: The steady and disciplined purchase of rental properties.

Now, before you click out of this article because "you have no intention of becoming a landlord", allow me to explain what I mean as this is…

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Bank Foreclosure Report | Week 1 July 2007

 

 

 

Total Properties Sold

117

 

Average Square Footage

2075

 

Average Days on Market

76

 

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By show of hands, when someone mentions HUD Homes, how many people think of something that looks like this: 

You may be surprised to know that in fact, HUD homes in the Houston Area in this day and age are much different than most stereotype properties that look like teardowns. If you think about it, in order for a property to become a HUD home, it must have had FHA (government guaranteed) financing and its condition had to fulfill FHA guidelines which happen to be very strict. In many cases, you can find two, three, five year old homes in the area that you prefer that look just like any builder home. The difference however, is that these homes come with a much smaller price tag. In addition, you can get benefits from HUD, like help with your…

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I have been pondering on this topic for a while now and I think there are a few drastic but efficient steps the mortgage industry can take to ease or even solve the current state of the housing market and furthermore prevent future declines such as this one.

-Residential Mortgage Loans to investors should carry a minimum of a 10% down payment requirement.

Coming from a real estate company that specializes in investment property, this is pretty radical. However, in my opinion this rule would cut down on the wide majority of speculator defaults. In our day to day business we apply conservative investment principles that require a 10% down payment even when a lower percentage is possible. For those that think this would be too rough and the investment…

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It is finally here! Just like an infection that sooner or later reaches the healthy organs of the body, the housing market is showing strains in parts of the country that were previously going strong. First let me clarify that I am not joining any panic bandwagon here. I never really bought into the sensationalist stories ran by every major media outlet in the country about the impending market correction. After all, the Houston market and others like it (Austin, Charleston etc.) had been growing at the usual tortoise rate of 5-7% annually and to speak of a correction in those markets is plain idiocy. However, now it seems like the cool air has gotten in through the back door. Yesterday, the Houston Chronicle ran a story that gave me goosebumps. The…

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