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Are You A Rehabber?  You Need to Know This!

Are You A Rehabber? You Need to Know This!

The Baltimore Sun is good for one thing in my book….crabs!  Us Marylander’s love our crabs, and when we don’t have brown paper to spread out as a table cloth, we use newspaper.  Thus – the Baltimore Sun’s greatest use. So as I was eating crabs on the back deck at my in-laws today, I noticed the following article underneath my perfectly seasoned crustacean. “Overview... [Read more]

Great Neighborhood Or Great Hype

Great Neighborhood Or Great Hype

On July 22, 2008 the wonderful Washington Post printed a piece, entitled “Mortgage Crisis Reverses Tide of Urban Renewal” The gist of the article was that Reservoir Hill; a shining beacon of hope for urban renewal during the Real Estate Boom of the early part of this decade – is now once again just a blighted mess all due to the mortgage crisis.  The 2 page article takes only three... [Read more]

Buying Bank Owned Props?  R.E.O.’s Anyone?

Buying Bank Owned Props? R.E.O.’s Anyone?

About two weeks ago, a bank accepted our offer on my newest rehab project, “to be.” My new baby. The house is in Columbia, MD. Strangely enough, this property sat on the market for a staggering 588 days. Maybe it was pure hubris on the part of the bank, or perhaps it was the very picky REO agent. Whatever the case this REO, is mine now – but I must tell you buying an REO is no... [Read more]

Another One Bites The Dust – RIP IndyMac Bank

Another One Bites The Dust – RIP IndyMac Bank

I can hear it now, (queue the “Another One Bites the Dust” rif) “domp, domp domp. da, domp domp domp da domp.” How would feel if your money was parked at IndyMac? Incidentally, I’m doing a short sale with IndyMac right now. We submitted the package on March 3rd, 2008. Our offer, $172,900. We received a reply two weeks ago. Indy’s counter: $248,000. We didn’t... [Read more]

Hello world!

Hello world!

Well here it is – finally! CraigFuhr.com: “The Blog Site and soon to be Official Hub for the Maryland-Metro Real Estate Investing Community.” Hey, you gotta’ think big, right? Whether we ever get to that lofty level, I promise you this site will contain a lot of great free content. So what can you expect? Success Stories: We all need some good news in this horrible market,... [Read more]