by Terry Moore, CCIM | Dec 9, 2022 | Apartment Investing
In the Great Recession, millions of borrowers with weak credit and little reserves had loans with high rates. In a horrifying spiral, many lost their jobs and then their homes or fourplexes. The market was flooded with foreclosures and short sales. My friends,...
by Terry Moore, CCIM | Sep 16, 2022 | Apartment Investing, Popular Blogs, Top 30 Blogs
The 90+-year-old widow called with what she thought were investment questions. One of her heirs wanted to broker her multi-million-dollar apartment property, even though the heir had no training or experience in that specialty. Another heir was willing to pay about...
by Terry Moore, CCIM | Sep 9, 2022 | Apartment Investing
Let me tell you a true story. Some of the details are modified to ensure privacy. “Bob” and “George” have been friends longer than either of them has been married. They were in each other’s weddings. When they were young and stupid, they did young and stupid things...
by Terry Moore, CCIM | Aug 12, 2022 | Apartment Investing, Popular Blogs, Top 30 Blogs
In the last 35 years, no one’s equity has grown at a faster rate than the couple I call “Mark and Sharon.” They each had more than 20 years of working for other people’s benefit before I met them. She is a doctor, and he had a command position within a major fire...
by Terry Moore, CCIM | Jul 29, 2022 | Apartment Investing
You can’t miss the recession predictions if you read the news or watch TV. Economists and pundits of all sorts are predicting a recession, and soon. But you probably don’t need them to sound the alarm bells. If you bought gas or groceries recently you know that...
by Terry Moore, CCIM | Jul 8, 2022 | Apartment Investing
Years ago, I played tournament chess. Chess has its own jargon. A blunder is a mistake. A brilliancy is a masterstroke, far beyond most players’ capacity. Many players aspire to brilliancies, but few make even one. Even at the tournament level, more games were lost by...
