I was having a conversation with a fellow Handball player yesterday who was visiting for a game. He invests in real estate, and has for a number of years.

What he was telling me was that he couldn’t buy houses fast enough at this time. He’ s been going in with cash, and buying rental properties. His argument was that you could not replace the houses that he is buying for the cost that he gets them. That was what he considered a good investment. Buying something under value while everyone is scared. Don’t I wish this guy lived closer to me? You bet.

Can one be building long term wealth right now? You bet. This is the time that those who have money, get more money. However, the unfortunate downside is those that don’t have the money..things aren’t getting better for them.

Even if you can’t pay all cash for a place, but have some money that you might want to reinvest. Either sitting in a savings account or bond, or perhaps in the stock market.

If I could help you find a place that had a 10% annual return…and you had to borrow at 6% to make it work. You are still making 4% on borrowed money, while some renter is paying off the principle balance. If you can put something like that on a 15 year note, a $30,000 investment on a $150,000 home would be paid off in 15 years. So even with no appreciation, one could own free and clear the home…then all rent coming in would be strictly income. Do that 10 times, with a rent of $1000 a month per house…in 15 years, that could be $10,000 of income a month.

I could retire on that.

Whatever your financial situation is, if you would like to sit and discuss some real estate related financial goals, I would be happy to share some of my knowledge with you.

And as always, if looking for Ashland Oregon Real Estate, don’t forget to visit my website. www.AgentInAKilt.com

 

The Tax Credit Expired--Now What?
06/02/2010
share
What effect did the government stimulus money have? I think that the short term impact was huge. This can be seen by the number of sold properties in April of 2010 in comparison with April of 2009. The number of solds in Jackson County increased… more
(readers say) Abolish Live Theater--It's just not Green
03/28/2010
share
NPR does story on Oregon Shakespeare Festival It was a good day of news for our little town of Ashland Oregon NPR Weekend edition did a niece story about how even in this economy, the Oregon Shakespeare Festival had a record setting season… more
Ashland Real Estate is on Vitamin D
03/07/2010
share
The great thing about Spring is that not only does it mean love is in the air… but the people who are looking to buy houses start getting the springtime bug. All Realtors know, and can feel the added buzz that comes with sunny days. Open… more
5 Acres for Sale in Talent
01/18/2010
share
Adam Bogle | Coldwell Banker Pro West | 541-482-5590 10671 Yank Gulch Road, Talent, OR Rural Talent Seculsion 2BR/1BA Manufactured offered at $185, 000 Year Built 1983 Sq Footage 924 Bedrooms 2 Bathrooms 1 full, 0 partial Floors 1 Parking… more
Medford Oregon Foreclosures
01/18/2010
share
Have you been looking for a deal on a house in the Medford Oregon area, and thinking that maybe buying a foreclosure is the way to go? Well, you are not alone. Of the 59 houses that have been listed on the market that are owned by banks, 16 of… more
Thoughts for Ashland Oregon for 2010
01/18/2010
share
The following is a little bit of a ramble… consider yourself warned. The number one question asked of Real Estate professionals used to be "how's the market? " It seems now that the question has changed to "How are you doing? " But I am… more
Rentals in Ashland Oregon
01/18/2010
share
I frequently get calls from people looking to rent in the Ashland or Medford area. I don't personally do any property management, and we don't do any property management out of my office. Property management is a specialized field that few people do… more
Jackson County Homes on the rebound?
01/18/2010
share
Of all of the graphs and statistics that I put together, this graph is the one that has me the most hopeful about where we sit here in the Rogue Valley for the state the real estate market. The blue line is the increase in the average wage in the… more
Buyers are Like Dating
09/25/2009
share
DO NOT READ THIS BLOG IF YOU DON"T UNDERSTAND SILLY. I was having a fun conversation today with a couple of Realtor friends of mine, and I came up with a theory about why I like to work with buyers so much. Working with a buyer is like dating… more
 
Giantwsign_trans

Adam Bogle, CRS, Southern Oregon... The Most Recognized Realtor in the Universe

Ashland, OR

More about me…

Coldwell Banker Pro West

Office Phone: (541) 482-5590

Cell Phone: (541) 944-1466

Email Me

Rants from the most recognized Realtor in the Universe


Links

Archives

RSS 2.0 Feed for this blog

Find OR real estate agents and Ashland real estate on ActiveRain.