In the midst of this interesting time in real estate, I started wondering why? Why stay in real estate? Why now?
The answers were powerful. I believe to this day that real estate is the great level playing field. It does not care where you are from, what you do, or who you are. Real estate offers the same opportunities and pitfalls to everybody. If it is in your heart to own a home, or a building, or a piece of land good only for holding the world together, it can be yours. Much of the great wealth of our nation has been built in real estate, and I believe with all my heart that this will be true for generations to come. Everyday someone finds a new twist to open opportunities up to all. Fractional shares of lake front properties, auctions for investment properties, and much more. Want to get out of the corporate rat race? How about diversifying in to real estate? Find partners in a commercial venture paying out a 9.25% cap, turn a HUD foreclosure into a rental and realize cash flow every month as well as tax benefits in April, put elbow grease in to a fixer-upper and re-sell it(flip) for faster profits. Careful examination and cost analysis can provide anyone with a passion for real estate, in to their own business owner.
With more opportunity (listings on the market), the lowest interest rates in history, large tax credits for 1st time home buyers, and highly motivated sellers, history has never seen a more opportune time to jump. Even though you may not have the cash, there is cash out there ready to lend or those with money willing to partner with ones who can identify and build wealth in partnership. Feel free to call or contact me with any questions or comments.