Links 10/25/14

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More Wackoism

Central banks win the day and week. Read More... Recent Commentaries |… Read More

Why Property Managers Should Remind Clients to Refinance NOW

“There is no formula or mechanical answer I can give you,” said Federal Reserve Chairwoman Janet Yellen when the ranking member of the Senate Banking Committee pressed her for details about the Fed’s plans for continuing the Quantitative Easing and Zero-Interest policies that have propped the economy up since 2008. “The economic outlook is very… Read More

50% Of American Workers Make Less Than $28,031 A Year

Submitted by Michael Snyder of The Economic Collapse blog, The Social Security Administration has just released wage statistics for 2013, and the numbers are startling.  Last year, 50 percent of all American workers made less than $ 28,031, and 39 percent of all American workers made less than $ 20,000.  If you worked a full-time… Read More

Inflating the Big Mac One Calorie At A Time

The Consumer Price Index (CPI) in September increased 1.7%. This increase was driven by an increase in food and housing costs.  The increase offset a decline in oil and gasoline prices. However, this rate of increase is slower than what consumers are experiencing. This post has been updated from our post on July 22, 2014… Read More

The Ultimate Due Diligence Guide for Buy & Hold Properties

Hey All! As you might already be aware, our primary focus is buy-rehab-hold. Many times over the years, deals have looked great on the first walk through, and the numbers have come up solid, but upon further inspection, we have found issues that caused us to change our minds about the deal. It’s important to… Read More

Putting Gratitude in Your Attitude

A while back my daughter was involved in a single-car accident.  She acknowledged that it was the result of careless driving.  The repair estimate was a few thousand dollars.  My immediate reaction on hearing the news was relief that she was not injured.  Yes, we spoke about driving carefully and learning from the incident, but… Read More

Steps to Take in the Next 15 Days to Maximize Tax Savings for 2014

An observation that I made a few years back is that a large percentage of my clients who file for tax extensions are also clients who owe taxes to the IRS. If you think about it, this makes sense because if you are someone who usually anticipates a larger tax refund, odds are that you… Read More

2:00PM Water Cooler 10/22/14

Today's Water Cooler: Shootings on Parliament Hill in Ottawa, Hong Kong, dueling autopsies in Ferguson, CPI release, slavery, and trouble with visualizations. naked capitalism… Read More

A Decade of Changed Lives: Celebrating 10 Years of BiggerPockets

It was the fall of 2004, and I was struggling to find answers to the countless questions that were holding me back in my personal real estate investments. I launched BiggerPockets to help me find those answers, and ten years later today, we’re helping tens of millions of investors around the globe to not only… Read More

Muppet Time!

It never fails. Despite all efforts to the contrary a handful of you retail rats accidentally find yourselves in the midst of a winning campaign. Invariably early withdrawal symptoms to your expired ADHD meds are starting to appear as the urge to do something (i.e. take profits now or otherwise ruin your odds of long term profitability) is… Read More

Lead Magnets: The Secret Way to Build an Awesome Email List

Before jumping into this week’s series of blog posts on how to dominate your local real estate market, I first want to take a step back and answer a question that I’ve been getting from tons of people who read last week’s post. That post was the last installment on what final elements need to… Read More

Hurdles Ahead

We have come a long way in the past three sessions but the easy part of the journey is now nearing its end. For there are hurdles looming ahead plus I’m seeing some signature signs of short term shenanigans flashing all over the place. Let’s start with where we are right now: Quite a climb since… Read More

What Rout? Stocks Have Best Day In A Year

Since 13 minutes after the US equity market opened, the NYSE was broken for 150 symbols from AAPL to XIV (inverse VIX). KO, MCD, & IBM all fell notably on earnings. Credit, Treasuries, and JPY carry all traded 'risk-off'. But none of that mattered...broken markets and ECB rumors were all that was needed - Nasdaq… Read More

Musings on Recent Market Volatility

Welcome Fellow Lizard Brains! Back in 2005, Terry Burnham penned Mean Markets and Lizard Brains. The point of his terrific book was that parts of our brain are wired to behave in a reptilian fashion, responding to fear and greed instinctively. Yes, I have that same reptilian response that you do-come on, admit it! When… Read More