Pay for college or retirement - why choose?

Buy a piece of real estate for each child and avoid the dilemma...

I watched this story on the Today show today. (If you are on an ipad, you may need to
click here).

Visit msnbc.com for breaking news, world news, and news about the economy

It's a debate on how or if  you should fund your child's education or your retirement fund.  I submit to you that you can do both!

This has always been a sore topic for me. I am first generation Italian.  I am the last of 5 children.  I would have loved to go to college.  But, my parents worked very hard, my father was a steel worker and my mother was a seamstress in a factory. Although I wouldn't consider us poor, I certainly wouldn't consider us rich. I didn't want to be a drag on them - they were in their late 50's and early 60's when it was time for me to go to college.  For some reason, the State of New York said they made too much money in order for me to qualify for any tuition assistance. 

Has it come to this? and why you shouldn't wear crocs to a crime scene.



First break-in - too much
broken glass for crocs

 Yes, I did wear crocs to this crime scene - thieves threw a big rock through the door which caused the alarm to go off.  There was glass everywhere.  I couldn't go into the house all the way. I had to tip toe gingerly into the kitchen so I could survey some of the damage. They smashed the thermostat and the alarm control panel off the wall. We dealt with that break-in and about a month later... another theft at the same house.

I got a phone call from a fellow who was the neighbor of one of my listings.  He used to cut the grass for the homeowner and wanted to get in touch with her.  I gave him the information and then he said, "By the way, did you know the air conditioner is missing?"

No, I didn't know the air conditioner was missing! Very frustrating! So, I ranted on facebook for a minute and two friends commented.

One said, "While my rental is vacant, I had the appliances and the air conditioner removed until I get a new tenant."

The other said, "In some areas, we don't advertise the address of the rentals we manage nor do we put a sign in the yard."

Amazing!

I will be talking to my alarm company representative and see how hard it is to put a sensor on the air conditioning compressor so that if someone tries to steal it, the alarm will go off.

Of course, it didn't help that when the owner moved out she:

• Took the curtains off one of the front windows
• Didn't have anyone cutting the grass
• Didn't ask any neighbors to  park in the yard
• Generally left the place looking abandoned...

I welcome any words of wisdom.

Straight Talk About Internet Real Estate Sites

Years ago, real estate was a closed industry. By that, we mean that the public had no way to easily access the current inventory of available homes without the services of a real estate professional. Indeed, inventory was a closely-held secret with agents having the 'book'... literally a phone-book sized publication that they guarded with their lives. After all, the old axiom is that 'knowledge is power'. In those days, buyers based their purchase decision based upon what they were shown, not what was available. In the late 1990s, the real estate industry transitioned to an internet-based model and, Eureka, consumers now had access to all the available inventory. Big improvement, right? Maybe not.

While legitimate brokers and agents now display their inventories on the internet and each other’s sites, the past few years have given rise to a type of provider known as an 'aggregator'. An aggregator, simply stated, is an entity that's not directly involved in the sale of real estate but collects a fee for being nothing more than a matchmaker. They also allegedly provide “value added” services such as access to information about sold

What’s Your Balance?

Financing outside the box...

I hadn’t heard of this either, but, believe it or not, people are doing it. They are buying foreclosures in Georgia with credit cards.

A good friend of mine said, Carla, you have the money to buy that foreclosure—put it on a credit card. I thought she was crazy, but believe it or not, now you can buy a house, not just a building lot, but a real live house for just over $10,000.

Yes, you need to fix it up, but if the foundation is sound and the framing is OK and interior walls, and fixtures are OK, you’re getting all that AND the land! It’s a beginning.  Look at the pictures below of these foreclosure homes that were fabulous deals.