Inside Small Business | Small Business & Home Business Marketing

Week 2

This has been an interesting week for Escondido Real Estate and the mortgage business. Interest rates have been all over the map, moving by over 30 basis points on the 10 year bond twice this week. The good news is that once it went up, and the next time it came down. I like the coming down part better.

Office difficulties this week, as the property management company decided that they really needed to install a roof drain directly above my office. That meant that everything got a nice plastic covering and I was consigned to working out of my car for an entire day. I love being self employed.

On a different note, House Resolution 5830 in the US House of Representatives is dealing with the ongoing subprime crisis, and trying to decide how the government will run to our rescue. Ronald Reagan once said that the scariest phrase in the English language is “We’re from the government, and we’re here to help.” It looks like both parties, Mr. Obama, Mrs. Clinton, and Mr. McCain all feel like there needs to be a “principal cramdown” to reduce the amount of debt owing to no more than 90% of the current appraised value. That’s going to cost billions. Of course, the current flood of foreclosures is costing billions as well.

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Business Cards, Signs, and HUD Requirements

One of the joys of being an FHA Approved Lender is making sure that I meet all of the legal requirements that are HUD (Housing and Urban Development) mandated. Things like Equal Opportunity Housing placards, Approved Lender signs, and a bunch of other things that you wouldn’t think you need to do in order to sell a loan. In these times of lender fraud, borrower fraud, the housing crisis, and the subprime mortgage meltdown, there are requirements aplenty before I can even open the doors. The Escondido Real Estate market anxiously awaits!

So, this week, the signs go up. Business cards and stationary are on order. Necessary inspections are scheduled. I actually have to have someone come by and inspect my office to make sure that I really do have an office. They have to see my filing cabinets and phone system to see that I exist!

I get to do a loan some day, right?

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Meet Schroeder Financial

Hello, and welcome to my Blog. My name is Scott Schroeder, and I am a small business owner in San Diego County. That’s an interesting title, isn’t it? Does anyone ever start a business to be a “small business owner?” I don’t think so. I want to be a large and profitable business owner. It seems to me that a small business owner is a transitory thing. You are either on your way to becoming a large business owner, or on your way to becoming a “former” business owner!
The small business that I have chosen to own is a real estate and mortgage company. Now, I know what you’re thinking. Who in his right mind would want to be in the real estate and mortgage business right now? Especially as a start up company!! Trust me, I lay awake at night pondering just that question. I truly enjoy the experience of handing a homeowner the keys to their new home, and watching their faces as they walk from room to room imagining their furniture there, hearing their children’s voices coming from the back yard, seeing their car in the garage. There is great joy and satisfaction in seeing them realize the American dream. Now, if the market would just cooperate, we would all be happy!!
A wise man once told me that: “Where there is turmoil, there is profit.” Well, if he is correct, then this has got to be the best real estate market in the last 20 years. Over the next weeks and months I will detail some of the difficulties, challenges, and joys that are coming to me from this career choice. I hope you will stay tuned, and feel free to comment.

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