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  1. T

    Why is the stock market surging?

    INVESTING 
    I don't understand. What is so much better now than it was 4-6 weeks ago? Is it that magical thing called confidence? Or something more substantial? I saw this headline today "Weekly jobless claims highest in 26 years." That doesn't sound like good news that would lead to a rally. I...
  2. T

    Economic (and other) effects of a casino

    OFF-TOPIC 
    This is not intended to be a political post. I hope it sparks an informative conversation without being offensive or violating forum rules. Here goes: Ohio has a statewide ballot issue regarding the constuction of a resort casino about 20 miles from my home. I do not have a strong opinion...
  3. T

    If you don't ask......

    If you don't ask......they can't say yes. It seems so simple to me. It's true in any type of business or negotiation. I learned it at a young age and have never forgot it. Many people have not. A recent real life example. My daughter was participating in a car wash fundraiser. My intent...
  4. T

    I'm starting to see REO deals

    REAL ESTATE 
    I bought a house this week for 50% off what it sold for in 2004. Of course, its been neglected and has the typical REO property issues. But, I think 50% off peak price is something to get excited about. I missed another house in multiple offers. I offered 10% above list price, all cash...
  5. T

    Fee based money managers

    INVESTING 
    I know this is slowlane so please don't flame me for it. I have about $60K in a SEP retirement account. It will be about 25 years before I access the money. Its in 4 or 5 mutual funds that are doing pretty well. I started it several years ago as a long term retirement plan and tax saving...
  6. T

    A new way to raise capital?

    http://www.fannation.com/articles/show/1511819 A potential major league baseball player selling shares of his potential future income. This might work for some sharp people with talent, skills, and ideas but no money.
  7. T

    I think Detroit is Dead

    HOT! 
    Not the city itself, but the American auto industry it symbolizes. I drove through the local auto mall tonight looking for something to replace my Toyota LandCrusier. I like big SUV's. They just work well for my family and business. There are also generous tax deductions available for...
  8. T

    What can we learn from Michael Jordan?

    He's the best basketball player I've ever seen but this is not about basketball. Think about the tremendous success he has had in business. Sports superstardom is not synonymous with success in business. Everyone knows of ultra wealthy athletes losing big money in fast food restaurants, car...
  9. T

    I went to Sheriff's auction yesterday

    REAL ESTATE 
    There were 24 properties scheduled to sell. Six were cancelled. Of the remaining 18 about 13 sold to the plaintiff. Many of these were bid up well over the appraised value. I bid on three. I bought none. They sold for $22,000, $15,000, and $5,000 over my highest bid. These were not great...
  10. T

    Churches, Jails and Gold Mines

    Churches, Jails and Goldmines.... by Steven L.Good As the title implies this is not your typical run of the mill business book. Its the story of a truly fastlane guy (Steven L. Good) who sells real estate by the auction method. He has sold over $4 billion in real estate. Its an interesting...
  11. T

    I lost a deal today

    :pissed::pissed:I called today to check status of one of my closings scheduled for this Friday. The status is-there will be no closing. The loan company went out of business. I have a preapproval letter dated August 8, the house was appraised about a week ago, the sellers payoff is ordered...
  12. T

    Hi guys-a new member intro

    I'm new here. I posted for about 3 years at the other place. It's became useless. I'm looking forward to this new forum. A little about me: I'm a residential RE specialist. Late 30's with 15+ years experience is RE sales. Among the top ten Coldwell Banker agents in Ohio for 7 or 8 of...
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