Section 8 Article in Birmingham News

Interesting article today's Birmingham News about the Birmingham Housing Authority. You can read it for yourself here:

http://www.al.com/news/birminghamnews/metro.ssf?/base/news/1247559344314050.xml&coll=2

It doesn't tell you too much about how these new payment standards are going to work. I'll keep you updated as I find out information.

MW

What Happened?!?

As lending continues to tighten, the opportunities to capitalize continue to increase in the single-family sector of Birmingham real estate. I was recently on a phone call with a potential investor and we discussed the fact that as the real estate market continues to worsen and as the ability to find financing continues to get harder and harder it really weeds out a tremendous amount of competition. Therefore, those with money, or those that have access to money, currently have a competitive advantage. It is almost like the “Perfect Storm” for those that have money and a good management company . . . as deals begin to flow in from the 6 month foreclosure moratorium. Stay tuned; like the famous saying goes, “Some will make it happen, some will watch it happen and some will wonder what happened.” I’d suggest now is the time to make it happen. I just don’t want to look back two years from now and say, “I wish I’d worked harder and bought more.” I don’t plan on that happening.

If you have the cash, but need some guidance, team up with someone . . . I’d love to help!