Did you hear? Wells Fargo & Co. (WFC) posted a better-than-expected earnings for the second quarter of 2008¾which rallied the U.S. stock market to a 25+ point gain? Although, I admit the fall of IndyMac put a damper on my enthusiasm, overall this is good news.

Up, down, positive, and negative news. The market is difficult to read. Will the Freddie Mac and Fannie Mae "scare" finally signal a


In the self-gratifying "now" society in which we live, I have noticed that patience has gone by the wayside.

No longer does anyone save their money to buy what they want. They just purchase it on a credit card and immediately their "need" is met---no matter how big or how small.

Real estate investing does not work like that. It is not a get-rich-quick scheme. Yes, there are exceptions to this


More people are discovering that real estate is a great investment. It seems that everyone either wants to own---or already does own---rental property. And because of the state of the real estate market and the lower prices, those who can jump in---ARE.

This could be a good thing! Here's why:

  • You have a head start! Hopefully, you have had time to study my program, perhaps learn from

I read an article in USA Today a few weeks back that I thought finally showed a deeper understanding of the real estate market. It examined some of the mixed messages that the media is sending about the economy. The conclusion? The economy of an area is driven by local --not national-- conditions.

Is the U.S. headed into a recession? Well, it depends on where you are. Some areas are really


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