So this is another question that some are asking and it's also a comment you will hear people saying the real estate market is coming back, Is it? I don't know but this is what I can tell you, I have been to the county courthouse and I have been to the friday auction for foreclosures and let me tell you I see alot, I mean alot of opportunity. The two things to get yourself ahead in this market is being smart and taking advantage of opportunity. I think we all have those, "oh man, I should of bought at that time," or "only if I would of bought then." Well let me see this might be one of those times if you have the cash and you are smart about it. If you are a cash buyer well that is one thing, but the second opportunity is using IRA's and retirement funds to invest in real estate as part of your portfolio. With the amount of renters there are out there, and of course the amount of inventory you can afford to "be picky" (as an old friend of mine would say). Using retirement funds to purchase real estate does have rules and some that may not fit into your initial plans so do your due diligence. It is good to have "true diversification" in your portfolio at this time and allocate your risk into different investments. Why not get some rent money into your IRA, and then some appreciation? Or you can always get out the old folgers can and put your money in there and bury it in the back yard, but what kind of a return would that be? Happy Investing everyone, until next blog.
Doug
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