Hitting Home

As I was driving home yesterday, I was listening to the Randi Rhodes Show on Air America and she was talking about the economy and interest rates and how many people are starting to have difficulty meeting their adjustable rate mortgage payments as interest rates rise. Now intellectually, I've known this was happening for some time, but hearing the people that were calling in to her show really made it much more concrete for me. People were calling...

Sick Days

I've been sick the last couple of days with a bad cough that has prevented me from sleeping for the last two nights. Needless to say, I'm in no shape to do any sort of real estate deals right now. I was able to see a doctor yesterday and got some medicine, so I should be on the road to recovery. Of course, the prescription cough medicine has codeine so that knocks me out a bit too.I saw on the news today that new home sales are up for the second...

Phoenix Area Radio REI Show

Gregg Reichman of Active Finance Group will be on KFNX 1100 AM today and every Wednesday for the next 3 months from 2 PM to 3 PM. He will be discussing current real estate market conditions, wholesale real estate, foreclosures, and hard money financing. If you want to call in and talk to him, the number is 602-277-KFNX (5369). Active Finance Group is closely affiliated with BuyAZForeclosures.com. Both companies specialize in foreclosures and wholesale...

Possible Reverse Split Arbitrage Play

I was searching the SEC filings database and came across this possible reverse split arbitrage play: Dolce Ventures, Inc. This stock trades on the "pink sheets" under the symbol DLCV.The company will be undergoing a 304.44 for 1 reverse split with shareholders owning less than 15,222 shares being unaffected by split. For more details, read the company's SEC filing. Pertinent details are in the section titled "The Reverse Split" (surprisingly enough)....

Another Reverse Arbitrage Deal Completed

A while back, I completed a stock deal that gave me a 2,567% ROI in 212 days. This was accomplished through the magic of reverse merger arbitrage - a play where you buy a few shares of a stock that is going to undergo a reverse split with special handling for odd lot shareholders. See my previous post about this for more details.The deal I just completed was for far less in terms of dollars, but again provided an astounding ROI: 364% in 59 days,...

Back In Business!

I had a brief talk with my investors this weekend. That had previously asked that I hold off on purchasing any more properties until we could have a meeting. After all was said and done, they have decided not only to continue with the buy-fix-sell strategy I have been using, but to also add some more money to the game.As many of you know, I work on an all-cash basis. When I started out a couple years ago, prices were quite a bit lower than they are...