Opportunity Abounds 2013. I had a great experience for an hour last week. I logged into AR and saw a comment from an old friend left just eight minutes earlier. I called him. We spent the next hour talking real estate.
We talked about opportunities in the coming year, we talked about still falling values on homes and investment properties.
We both believe in buying real estate for it’s benefits! When you buy for benefits those benefits continue even if market value dwindles.
Think about it! You buy the home you love it shelters you, your family, and pets! It’s a great place to entrain friends. You bound with the neighborhood and neighbors. It makes you feel good! You bought for those benefits! No matter what happens to it’s market value the benefits go on!
The political mountebanks continue to manipulate the market devaluing our homes, but no matter what the current value of your home the payment remains the same, it remains what you agreed to and the benefits remain.
Remember the magic of amortization! Remember the property will be yours, free and clear exactly as you planed!
Remember: amortization: There's A Light At The End Of The Tunnel Remember: amortization: A PFD For Under Water Home Owners
My friend and I discussed investment property, commercial space and apartments. Apartment rents have not gone down. Commercial space is going to see a resurgence, it may well take longer to rent, but prices are low. If you buy for the benefits it’s hard for even the most inept to lose. The benefits go on.
I pointed out there is money available, just not the LTV’s of our recent past. My friend prefers paying cash, syndicating if you don’t have enough to do it yourself! I prefer well selected leveraged properties, but my friend’s syndication has allot of advantages. A well planed syndication allows you to bring in expertise you many not have personally.
We’re totally agreed there is opportunity in today’s real estate, SFR as homes and rentals, apartments and commercial space!
Opportunity Abounds!
As Kipling said:
"If you can keep you head when all about you are losing theirs... If you can talk with crowds and keep your virtue,
Or walk with kings-nor lose the common touch,
If neither foes nor loving friends can hurt you;
If all men count with you, but none too much,
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And-which is more-you'll be a Man, my son!"
Happy New Year!
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