Condo Fiasco

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November 2007
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Archive for November, 2007

Recovery plan

I put together a spreadsheet outlining a recovery plan. It is based on a 5.5% 7 year ARM. That means I would have to sell the unit in 2014. According to much I’ve read, that is when the demand will have exceeded supply. It is also based $5000/year taxes, rent at $1200/month for the first [...]

OK…an update

I haven’t updated the blog lately for a couple of reasons. The main one is that this whole thing has taken a toll on me and I needed a break. Time to spend some time with my family and not let this whole thing rent space in my head. The other reason is that the [...]

Friends of CF:RealiCity.com

Those of you who have contributed so far know that when you buy your link I email you my phone number in case you have any issues or just want to chat. Some of my new friends of CF have done exactly that. One of those was James Svoboda. James is an SEO guy in [...]

Friends of CF:SelectTampaHomes

Today Realtor Robert Keppel joined the family. He is a realtor in Tampa, FL. I took a look at his site and saw some condos for sale. I was surprised to see that listing prices have kept up in Tampa. A 2 bed, 2 bath Condo with 1242 square feet and is located in Downtown [...]

Money raised so far

So maybe I’m not so clever huh? So far, thanks to all my new friends, I’ve been able to raise $887.50. That’s because I sold 25 units. Still have 9,927 to go and time is running out.

Friends of CF:Real Estate Investment Club Directory

Another interesting addition today was the Real Estate Investment Club Directory which lists clubs throughtout the nation. I’ve actually attended a few meetings at some of the local clubs. It’s a great place to meet real estate professionals, stay up on what’s new, learn from the pros, and offer your services.