Foreclosures Still Happening All Over

RealtyTrac has put out foreclosure statistics for September. While the number dropped 4% from August, it is 29 % over a year ago. In my state of Arizona, one out of every 53 houses is in foreclosure. The worst in the nation is Nevada, with one in every 23 houses in foreclosure. There's a big sexy graphic representation he...

Double Update

I haven’t reported on the Houston apartment complex for the last two months, so here’s a two month recap:August occupancy was 95% and revenue was $228K or, excluding a payment from AT&T for having them become the complex’s preferred phone provider, $196K.Total cash flow was $40K.The economic woes hitting the rest of the nation have finally started to creep into Houston, which had been somewhat spared from the slowdown before.In September, occupancy...

Kiyosaki Joins The Crowd

My interest in real estate investing started with my discovery of Rich Dad, Poor Dad in a local bookstore. After reading that, I read the next several books by Robert Kiyosaki, went to see him speak, and even got to meet him a few times. I liked his approach - namely that wealthy people thought about money and investments differently than most people and that he would teach us how to think like they did. Whether or not he really had "two dads" or...