What does the tax bill mean for your real estate? The National Association of Realtors, typically an optimistic group of folks 😊 , says: “The direct result of these changes would be a plunge in home values across America in excess of 10 percent, and...
No fake news here! If you asked 10 economists what the impact of the tax plan is to the general economy, you would get 11 answers! In a nutshell the tax plan is meant to “juice” the economy by freeing up working capital from businesses. What does this mean for real...
I was recently looking at a property to lend on just west of Denver. The borrower paid 3m cash for the property a few months ago. He requested a loan of 750k. Sounds like a no brainer loan as the property was in a great location. There was one problem that the...
The tax bill is rolling through the senate at record pace. It is a huge bill with tons of moving parts so there is bound to be unintended consequences. The recent iteration contains a provision that would nail banks. Although it appears accidental, it will have a...
The map above is the most important picture for Real Estate Profitability. What does it signify? What do the dark green areas mean? A recent article in the Wall Street Journal stated 19 million jobs will be eliminated in the next 15 years, but 21 million new jobs...
I wanted to wish everyone a Happy Thanksgiving. With all the craziness going on, the dinner table is going to be quite "interesting" this year. Don’t worry you are not alone, 96% of all families have some sort of dysfunctionality! To help everyone out, I wanted to...
Last week Trump announced Jerome Powell as his pick to lead the federal reserve bank replacing Janet Yellen. What does this mean for the trajectory of interest rates? How is Powell working with Shake Shack to keep rates low? Will there be any radical changes going...
Annoyed by the games of other lenders promising the moon only to find out later that they aren’t really lenders and can’t close? Do you have a loan that doesn’t quite fit the “box”? At Fairview we can do better and close before the Turkey gobbles. Our average close...
The new republican tax plan came out today. This could have sweeping consequences for the entire real estate industry. Mark Zandi, chief economist at Moody’s Analytics, said the tax changes could initially cut prices by 10 percent in expensive markets and 3 percent...
First, Happy Halloween. I hope everyone has a safe and fun Halloween. The pic above is yours truly in a blow-up dinosaur costume I got for 25 dollars. Quite a steal! It is crazy to think that my purchase has changed the world and your Halloween costume...
Can the animals predict our next “storm”? Should we all be listening to our “primal” instincts a bit more? We probably should. I was doing a long trail run last week in the Colorado backcountry outside of Steamboat Springs, Colorado. On my run, I saw tons of...
Unfortunately, this isn’t Willy Wonka’s chocolate factory up for grabs, but Amazon’s proposed Headquarters 2. This new factory would cost about 5 billion to build and employ about 50k highly paid tech workers. Why is the new HQ for Amazon such a big deal? Cities...
Trump wants to curtail flood insurance in flood prone areas. This all seems logical, so why is this such a big issue? As many environmentalists cheered, homebuilders were aghast. Trumps new plan would radically overhaul the 1968 program which protects property...
Will the housing crisis happen again? Are you ready to bail out the mortgage industry to the tune of $100 billion? What can you do to protect yourself from the next downturn? Can you identify the areas that are most likely to turn in the next crisis? There is one...
After getting out of bed this morning, it was tough learning that I, Glen Weinberg, was worth roughly the price of two Starbucks coffees. Not that it made me feel any better, but so are you. I assume (unless you have been living under a rock) that you have by now...
What do JPMorgan Chase, Home Depot, Michaels Stores, Target, Dairy Queen, and now Equifax all have in common? They’ve all been hacked and your info could have been compromised. If you missed the news Equifax released last week that 143 million people were impacted...
This is a bedrock of the 5th amendment that says private property can’t be taken without just compensation. So why did the federal government decide to take property at will in Texas with zero compensation. What tough choices were made that are now spawning multiple...
One home in Houston valued at 115k flooded 16 times in 18 years netting the homeowner 800k! Did you know that in highly damaged areas in Houston only 15% of property owners had flood insurance! How does Houston impact every real estate owner and taxpayer? Could the...
There are some new rules coming down the pipe for banks that will drastically alter the lending landscape and impact everyone in real estate. What are they and should you care? I’m amazed that there has not been more talk regarding a big change in banking...
Probably not although I doubt any closings happening. But, I did have to give a shout out to this guy who I will nominate as “best dressed” for the upcoming eclipse. I think the metal “hat” adds the little extra “pizazz” to the outfit. Hopefully no lighting...
Has Janet Yellen fallen victim to fake news? Interest rates have been predicted to increase this year but they have barely budged. Why? We keep hearing that rates will increase and inflation will continue to accelerate, but Janet Yellen has stated in various federal...
As a hard money lender, value is the most critical component of underwriting a loan. We don’t require appraisals so we are looking at thousands of loans a year. I wanted to share the tools I use to underwrite each time I look at a loan file and specific tools for...
Today it was announced that Libor will be phased out by 2021. Why is this such big news? According to a fed survey almost 45% of mortgages are linked to Libor and the vast majority of jumbo loans are Libor based. In total there is about 862 billion in short term...
If you haven’t seen the news Zillow has released a tool to provide “instant offers” to consumers on the purchase of their property via their website WITHOUT USING ANY AGENTS! Will this ultimately be the demise of the traditional residential broker? Why is Zillow...
What does the tax bill mean for your real estate? The National Association of Realtors, typically an optimistic group of folks 😊 , says: “The direct result of these changes would be a plunge in home values across America in excess of 10 percent, and...
No fake news here! If you asked 10 economists what the impact of the tax plan is to the general economy, you would get 11 answers! In a nutshell the tax plan is meant to “juice” the economy by freeing up working capital from businesses. What does this mean for real...
I was recently looking at a property to lend on just west of Denver. The borrower paid 3m cash for the property a few months ago. He requested a loan of 750k. Sounds like a no brainer loan as the property was in a great location. There was one problem that the...
The tax bill is rolling through the senate at record pace. It is a huge bill with tons of moving parts so there is bound to be unintended consequences. The recent iteration contains a provision that would nail banks. Although it appears accidental, it will have a...
The map above is the most important picture for Real Estate Profitability. What does it signify? What do the dark green areas mean? A recent article in the Wall Street Journal stated 19 million jobs will be eliminated in the next 15 years, but 21 million new jobs...
I wanted to wish everyone a Happy Thanksgiving. With all the craziness going on, the dinner table is going to be quite "interesting" this year. Don’t worry you are not alone, 96% of all families have some sort of dysfunctionality! To help everyone out, I wanted to...
Last week Trump announced Jerome Powell as his pick to lead the federal reserve bank replacing Janet Yellen. What does this mean for the trajectory of interest rates? How is Powell working with Shake Shack to keep rates low? Will there be any radical changes going...
Annoyed by the games of other lenders promising the moon only to find out later that they aren’t really lenders and can’t close? Do you have a loan that doesn’t quite fit the “box”? At Fairview we can do better and close before the Turkey gobbles. Our average close...
The new republican tax plan came out today. This could have sweeping consequences for the entire real estate industry. Mark Zandi, chief economist at Moody’s Analytics, said the tax changes could initially cut prices by 10 percent in expensive markets and 3 percent...
First, Happy Halloween. I hope everyone has a safe and fun Halloween. The pic above is yours truly in a blow-up dinosaur costume I got for 25 dollars. Quite a steal! It is crazy to think that my purchase has changed the world and your Halloween costume...
Can the animals predict our next “storm”? Should we all be listening to our “primal” instincts a bit more? We probably should. I was doing a long trail run last week in the Colorado backcountry outside of Steamboat Springs, Colorado. On my run, I saw tons of...
Unfortunately, this isn’t Willy Wonka’s chocolate factory up for grabs, but Amazon’s proposed Headquarters 2. This new factory would cost about 5 billion to build and employ about 50k highly paid tech workers. Why is the new HQ for Amazon such a big deal? Cities...
Trump wants to curtail flood insurance in flood prone areas. This all seems logical, so why is this such a big issue? As many environmentalists cheered, homebuilders were aghast. Trumps new plan would radically overhaul the 1968 program which protects property...
Will the housing crisis happen again? Are you ready to bail out the mortgage industry to the tune of $100 billion? What can you do to protect yourself from the next downturn? Can you identify the areas that are most likely to turn in the next crisis? There is one...
After getting out of bed this morning, it was tough learning that I, Glen Weinberg, was worth roughly the price of two Starbucks coffees. Not that it made me feel any better, but so are you. I assume (unless you have been living under a rock) that you have by now...
What do JPMorgan Chase, Home Depot, Michaels Stores, Target, Dairy Queen, and now Equifax all have in common? They’ve all been hacked and your info could have been compromised. If you missed the news Equifax released last week that 143 million people were impacted...
This is a bedrock of the 5th amendment that says private property can’t be taken without just compensation. So why did the federal government decide to take property at will in Texas with zero compensation. What tough choices were made that are now spawning multiple...
One home in Houston valued at 115k flooded 16 times in 18 years netting the homeowner 800k! Did you know that in highly damaged areas in Houston only 15% of property owners had flood insurance! How does Houston impact every real estate owner and taxpayer? Could the...
There are some new rules coming down the pipe for banks that will drastically alter the lending landscape and impact everyone in real estate. What are they and should you care? I’m amazed that there has not been more talk regarding a big change in banking...
Probably not although I doubt any closings happening. But, I did have to give a shout out to this guy who I will nominate as “best dressed” for the upcoming eclipse. I think the metal “hat” adds the little extra “pizazz” to the outfit. Hopefully no lighting...
Has Janet Yellen fallen victim to fake news? Interest rates have been predicted to increase this year but they have barely budged. Why? We keep hearing that rates will increase and inflation will continue to accelerate, but Janet Yellen has stated in various federal...
As a hard money lender, value is the most critical component of underwriting a loan. We don’t require appraisals so we are looking at thousands of loans a year. I wanted to share the tools I use to underwrite each time I look at a loan file and specific tools for...
Today it was announced that Libor will be phased out by 2021. Why is this such big news? According to a fed survey almost 45% of mortgages are linked to Libor and the vast majority of jumbo loans are Libor based. In total there is about 862 billion in short term...
If you haven’t seen the news Zillow has released a tool to provide “instant offers” to consumers on the purchase of their property via their website WITHOUT USING ANY AGENTS! Will this ultimately be the demise of the traditional residential broker? Why is Zillow...
