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When the going gets tough the tough get CREATIVE!

By: Dennis Norman

Dennis Norman

I think of myself as a pretty clever and creative guy.  Having been a real estate investor since 1979 I have had to deal with tough market conditions on several occasions…including 18% mortgage rates back in 1981. 

During those periods of tough market conditions I worked to come up with some clever ways to [...]

Homes are more affordable to buy than ever! So where are the buyers?

By: Dennis Norman

The National Association of REALTORS(R) has been reporting tracking a “Housing Affordability Index” since January 1989.  The index looks at whether or not an average family (an income equal to the median income) can qualify for a loan to buy a median-priced home. 

The Housing Affordabiity Index for January was at the highest level [...]

Buy Government owned homes for pennies on the dollar

 By: Dennis Norman

Let me just start by saying “yeah, sure” in reply to my headline.  I copied the headline of this post from several websites I found advertising that you could buy government homes for “pennies on the dollar”, at “cheap” prices, “HUGE discounts” and so forth.  Many of these sites charge you to reveal to [...]

What’s the deal with REO’s? Are they a good deal? Final Post of the series.

By: Dennis Norman

In parts 1 and 2 of this series I gave my history of buying property and where I found the “good deals” at as well as how the times and technology, most notably the internet, have changed things.  We now find ourselves in a time when information about foreclosures, property sales, homes for [...]

Is now the time to buy rental property?

By: Dennis Norman

 For the past year the media has been flooded with reports and stories of how bad the real estate market is.  Falling prices, an oversupply of homes for sale, a meltdown of the mortgage industry and now the banks are even in trouble!  So what’s the silver lining?  Perhaps it is the opportunity to [...]