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THE NEW STRATEGY ON HOW TO HANDLE REAL ESTATE....it's a sure thing

By Richie Alan Naggar

Real Estate Broker/Owner with people first...then business Ran Right Realty 636943 licensed to thrill

October 12, 2010 03:24 AM

Here it is in a nutshell. To purchase land and hold on to it works....that is how simple it is. Find something that you want. Interest rates are low and market values are staying true and current. Buy it, and then hold onto it.....BUT WAIT...there is more. I want you to do one other thing.....PAY IT OFF....

1. If you do pay off your mortgage early, you will eventually lose some tax write-off....BUT, you will never have to worry about a place to stay ever again. To me, that is a good trade. Rent or own, we need shelter......yes?

2. 401 K's and other retirement accounts are really 6 of one and 1/2 dozen of another. Why would you need lots of money if you had little or no expenses...? Being conservative works.....and will always work.......

3. Sure, there are investments that pay better and will give more bang for your buck, but what is the point..? Look at this objectively....Rents and mortgages have to be paid. They take the biggest bite out of retirement planning. Reduce that mortgage to nothingness, and a whole new world of thinking opens up to you..

THERE ARE MANY WAYS TO GET IT DONE.......FIND ONE THAT WON'T FAIL

Now,...we all know that every-ones situation is different. We also know that you should consult a tax planner and legal counsel as well as you Real Estate agent....I know some of you are disagreeing and that there are other ways to proceed....fine. I have had my say, you can have yours too

NO ONE TO HELP WHEN YOU NEED HELP........WE KNOW THIS NOW

Let's be realistic here. We already know that the government is slow (or not at home) to act and that injustice moves with light-speed. Learn from this and never again be caught with your mortgage pants down again.

NEVER BET THE FARM EVER AGAIN....

Today, families would do well to get together if necessary and apply their combined income to purchase something. Foreigners to this country do just that. Then, with passion and perseverance, reduce that mortgage down to oblivion....

REAL ESTATE WORKS.......JUST FINE IF....... YOU LET IT

Waste no time on this plan. It works and will work for you and in the end, you will be glad that you chose a less stressful, carrot type existence for a practical meaningful one.....

Contact a Real Estate agent and get this your purchase and plan activated.......thank you

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Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

Richie....that's good advice....I sold my large home two+ years ago, when I felt the change happening.....I then moved into another smaller home I own....bigger is not better in this market....but no mortgage is and that's where I am now....it's difficult for many but reducing debt and maintaining that state is the way to live right now.....good advice....must be the Armenian in me that lead me on the right path.

Oct 12, 2010 03:32 AM

Daniel J. Hansmeier

Rochester, MN

My parents paid $20k for their modest 160 acre farm in 1964 and todays market its worth about $800k. Plus they made a descent living off the farm for many of those years until retiring in 1995. Now they rent it out to a neighbor farmer for $140 acre year after year.

Oct 12, 2010 03:33 AM

Brian Bean

The Dream Big Team at Better Homes and Gardens Real Estate Champions - Riverside, CA

Homeowner Advocate, Dream Big Team, S.Calif

Yes, spending $25,000 a year on mortgage interest and property taxes to ensure $8,000 in tax benefits never did make a lot of sense to me. But we followed that herd, like so many Americans. Now, we're thinking differently ... debt-free in 2 years is the goal.

Oct 12, 2010 03:36 AM

Richie Alan Naggar

people first...then business Ran Right Realty - Riverside, CA

agent & author

Barbara.....you can stay in my guest room from now on when you visit with me.....I did the same thing and downsized into a something I could handle instead of something that can bury me...Armenians are survival experts. look at their history and their beliefs work....I like the food too....!

Daniel...You see, there is nothing wrong with Real Estate when used for the right reasons. Your comment nails the point......You cannot go wrong with this strategy and that should be the new "push" by us agents to anyone that wants to hear it......thank you for your comment Daniel

Brian...debt free will make you the ruler of all you survey. We sit on a three legged stool called food, shelter and clothing. Secure the stool and you will always have a place to sit down and rest...all puns intended.

Oct 12, 2010 03:42 AM

Tish Lloyd

BlueCoast Realty Corporation - Wilmington, NC

Broker - Wilmington NC and Surrounding Beaches

Richie ~ I agree with this 1000% -- is that even possible? This is excellent advice and one that so many of us should heed!!! Had to push the button on this one. Thank you.

Oct 12, 2010 04:40 AM

Why hello Tish....where there is a will, there is a way....and yes all thiings are possible. Lemons abound but, lemonade is my preference......Thank you too

Oct 12, 2010 07:49 AM

THE NEW STRATEGY ON HOW TO HANDLE REAL ESTATE....it's a sure thing

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