long term planning: HOME INVESTMENT STRATEGY PAYS OFF
- 01/09/14 11:58 PM
I have a client who has a business plan that calls for purchasing homes in the $250-$350 range all cash and renting them out. He has experimented with other investment strategy but says this is the best way to go at this time and for times to come SOME THINGS TAKE TIME It took him years to reach the investment comfort level he has now. He also took some risks that set him back and had to start over and he did successfully too. In his fifties, he has figured out what works and what doesn't for himself INCOME...THE NAME OF THE GAME IS … (2 comments)
long term planning: REDUCING EXPENSES FOR THE NEW YEAR
- 12/31/13 05:17 AM
Far be it from me that I tell you or anyone how to enjoy their quality of life. If you like doing something and it comes with a price to receive it, so be it as the little things sometimes enhance and help connect the life dots REDUCE EXPENSES...INCREASE INCOME Now with that said, increasing ones income and by reducing spending is always a good subject to explore. You don't have to make any decisions to increase awareness. Just be open to anything that passes your way and give it a look see. Take a moment and assess it. WASTE NOT WANT NOT...holds Waste creeps … (5 comments)
long term planning: AMERICAN DREAM IS NOT COMPLEX
- 03/16/13 10:55 PM
The American dream is so simple it boggles the mind. You buy a home. You pay back what you borrowed to buy it and lo and behold after 20 years, you are sitting ON and living IN the American dream...Since a mortgage gobbles up almost half of peoples income, having no mortgage is the financial freedom everyone is looking for...Why re-invent the wheel? THE START OF IT ALL The short cut, a new way, a different procedure and taking risks are all allowed and available to the American people because that is our way of life. We have the best of … (6 comments)
long term planning: PIGGY BANKS TURN INTO BIG HOGS BUYING A HOME PAYS OFF
- 10/07/11 04:08 AM
The rule of having to pay something to live somewhere holds ...Now, if you can own it and pay, well you have a live piggy bank on your hands. Feeding it daily will produce a big hog one day. That concept did not fail during this last downturn. It was people letting the little piggy come out to play and the piggy getting hurt or running away that failed BUY NOW...NOT BYE NOW When you take an historic interest rate and combine it with fair market value or below, you have the lining up of all the celestial planets and the … (6 comments)
long term planning: RENTALS SHOULD DO WELL SHORT AND LONG TERM FOR ALL
- 10/01/11 06:52 AM
Since lenders may continue to make it harder to lend and since foreclosures will be with us for quite some time, the demand for rentals looks promising as a long term investment. Renting and saving to own may become very popular for the next 5-10 years easily. SOMETHING TO CONSIDER Many years ago, when first starting out, first time buyers were looking at whether they would like to purchase rental property or a single family dwelling as their introduction into the American dream. The argument for purchasing a duplex or triplex, living in one unit and renting out the rest was … (11 comments)
long term planning: APARTMENT BUILDINGS WENT FROM 12 TIMES GROSS TO NO TIMES GROSS
- 09/25/11 07:30 AM
I was employed many years ago by a multi-millionaire. He was a product of two world wars and the great depression. I worked with him for 12 years. I did not need to read a history book. I was working for one. He had answers based on experience. I watched a then recession kick in that reduced income properties to bargains. He said NO, it will get worse..I said NO WAY MY LEARNING CURVE We are products of our generation and our experiences. Here I am watching for years apartment buildings selling at 10-12 times gross all day long. One day, … (2 comments)
long term planning: BUYING YOUR FIRST HOME THINKING WORKS!
- 09/17/11 04:03 AM
This is one of the most pleasant and beneficial experiences a man with a family can have just starting out. It makes perfect sense and as the kids grow up, your house does too. By the time your kids hit 18, chances are your mortgage is nearing the final journey of not existing any more. This is a good thing to have happen BUYING A HOME FIRST TIME When I first bought a home, I hadn't a clue what was going on. No agent was involved either. The company I worked for managed the property. The owner said if we knew … (0 comments)
long term planning: REAL ESTATE PRICES BEING ROLLED BACK TO AFFORDABILITY...BUY BUY BUY
- 05/29/11 04:26 AM
The silver lining for this cloud is that many who were priced out of the market for years are now going to be able to enjoy what many before them were able to do and that is to buy an affordable home. Then, using the established rules of paying debt and making a living, the current and future generations will have something... BUY AND KEEP STRATEGY Assuming that the buyers of today don't follow the statistics of selling moving, and then buying every 4 years or so. The concept of buying and holding the home until paid works like a charm … (2 comments)
long term planning: ANTI-HOME OWNERSHIP ARTICLE HAS NO LEGS.....
- 02/15/11 07:02 AM
I read an article the other day where it prescribes to not buying any Real Estate. The reasoning was that it failed and as an investment, doesn't hold up any more. It was written in earnest, but made no sense whatsoever even as an opinion. I am sorry to say Now you may think that because I am a Real Estate agent that I would automatically disagree. Not so. If what you are saying makes sense, I honor it. If it doesn't make sense, I move on and take my honor with me. Look, Real Estate is like owning a gun. … (6 comments)
long term planning: FHA......VA......HUD......all worth looking into to start over with
- 11/24/10 02:16 AM
The market for Real Estate is in a change of flux to put it mildly. I do know that millions of people will be foreclosed on and that the market is shifting. The good news is that these foreclosed upon individuals can now start on their road to recovery to be able to purchase another home in 2-3 years... TIME REALLY DOES FLY In Real Estate, 2-3 years goes rather quickly....By that time, FHA requirements will be met which consist of a minimum credit score and a small down payment and you are able to purchase once again. This should now … (6 comments)
long term planning: COLLEGE DEGREE......DOES IT......make a difference out there today..?
- 09/22/10 03:33 AM
In 2003-2005, I decided to knock out a couple of degrees...I enjoyed the experience. I was employed by a medium sized Real Estate firm during the day and at night and on weekends.... went to school. I have done fairly well without a degree all my life. Do you need a degree in today's job market? I hear the cost of going to college has gone up. The economy has caused many to re-think their expenses. Just how important is it to have a degree and is it necessary in today's topsy turvy climate of uncertainties....? Assuming that a person does … (16 comments)
I have a client who has a business plan that calls for purchasing homes in the $250-$350 range all cash and renting them out. He has experimented with other investment strategy but says this is the best way to go at this time and for times to come
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