The other short selling of Robert Olstein is Fleetwood Enterprises Inc (FLE). He thinks that Fleetwood Enterprises Inc is worth about $5-6 per share. He sold short 1,195,500 shares of FLE at about $9.2 per share in first quarter of 2005. Right now Fleetwood has a price of $9.5 per share.

Interestingly, another highly respected value manager, GuruFocus guru, Robert Rodriguez, does not agree with his value peer Olstein. In fourth quarter of 2004, Rodriguez added 269,500 shares of FLE to his holdings at around $14 per share. As share price dropped to $9, he added 2,261,900 more shares, which makes his total holding of Fleetwood to 3,714,400 shares.

Who is right, Robert vs. Robert?

With banks and other lending institutions anxious to provide you with an apartment loan, new loan options have emerged in recent years. Generally speaking, smaller banks and other lending sources like direct lenders have a greater degree of flexibility in what they can offer borrowers. In order to attract larger numbers of borrowers, many lenders now offer non-recourse.

A traditional recourse loan means that lender has claim on personal or corporate assets in event of a default by borrower. On other hand, a non-recourse apartment loan means lender cannot hold you personally liable if you fail to repay debt as promised. The only recourse for compensation to lender is to take property you've pledged as security for your loan, but he cannot claim any other assets or money from you if you default.

Whichever apartment loan option you decide on, it's important to be certain you understand details. It's vitally important that you choose a lender that has both experience and inclination to take time to sit down with you and answer your questions clearly. Getting your apartment loan from a source you can trust will go a long way in helping you find success and enjoyment in exciting world of property investing and management.

About the Author