Archive for April, 2007

Goldman Sachs Gets The Las Vegas Stratosphere

While the investment firm is always reaching for new heights, it reached for and acquired the landmark property Stratosphere in Las Vegas and 3 other Nevada gaming properties. The sale of these properties by American Real Estate Properties and majority owner Carl Icahn is expected to bring in 1.3 billion dollars and a billion dollar [...]

24Apr2007 | Tom Royce | 0 comments | Continued

Seminars For Buying Your First Home

Perusing the web this morning I came across this article on a seminar put on in Orange County, New York on buying your first home. I may be out of the loop, but are these common?
If not, they are a great idea. Offer introductory classes on homebuying basics for new homebuyers and provide booths for [...]

23Apr2007 | Tom Royce | 3 comments | Continued

401(k)’s Investing in Commercial Real Estate

The 401(k) has been one of the greatest tools of wealth building for the common man since it’s inception. As a machine for raising capital it is also an amazing tool. So when commercial Real Estate Investment Trusts (REITs) have become an option in the average investors 401(k), the market takes notice.
2006 was the [...]

23Apr2007 | Tom Royce | 1 comment | Continued

How Does an 102 yr old Get A 25 Year Mortgage?

I sure hope that he did not have an early pre-payment penalty in England where this loan occurred.
The property investor from East Sussex has taken out an interest-only £200,000 mortgage and hopes to meet the £958 monthly repayments with income from rent as he joins a growing army of retired people hoping to cash in on [...]

21Apr2007 | Tom Royce | 3 comments | Continued

Backing Up Can Save Your Business, And It Is Inexpensive Now

How much of your information can you be prepared to lose? If you are a real estate agent, mortgage broker, or any sort of information worker, you are taking great risks if you do not back up your data on a regular basis.
I was think of my own backup strategy. I use 3 computers [...]

20Apr2007 | Tom Royce | 1 comment | Continued

In Canada, Single Woman Very Active In Real Estate Market

I found this interesting article at the National Post, a Canadian newspaper, about how important single woman are to the Canadian real estate market. In the past, single woman rarely bought real estate, but now the trend is reversed. There is a great deal of activity by single woman buying their first homes at a [...]

20Apr2007 | Tom Royce | 0 comments | Continued

Saperstein Los Angeles Mansion Priced at 125 Million Dollars

It is another rendition of the gilded era with real estate that is both extravigent and sumptous being sold for over 100 million dollars. The estate of Suzanne Saperstein, ex wife of David Saperstein who founded Metro Networks, is for sale at the austere price of 125 million dollars.
The home is reminicent of a French [...]

20Apr2007 | Tom Royce | 5 comments | Continued

Earn Your Desk…

I just got this email from my Mom, and it really touched a nerve. I thought I would share it with you.

Back in September of 2005, on the first day of school, Martha Cothren, a social studies school teacher at Robinson High School in Little Rock, did something not to be forgotten. On the first [...]

19Apr2007 | Tom Royce | 0 comments | Continued

New Data On Subprime Borrowers Show Trends on Repayment

Experian has released a trend report on the subprime borrower and their repayment habits and it has shown some very interesting trends. The subprime borrower is much more worried about how they repay their credit cards than their mortgages. Most prime borrowers concentrate on paying ones mortgage first and then paying their credit cards. However, [...]

19Apr2007 | Tom Royce | 1 comment | Continued

Sam Zell Thinks Real Estate Market Remains Strong till 2009

Sam Zell, real estate magnate who sold his Office Equity Partners Trust companyfor 39 Billion dollars this year is expecting real estate to continue strong till 2009. His outlook is global as he is seeing a strong outlook outside of the United States. His bets on real estate continue as he built 50,000 homes in Mexico [...]

19Apr2007 | Tom Royce | 1 comment | Continued