Those of you who know me well have probably heard me quote Bernard Baruch, at one time one of the wealthiest men in the world. When asked how he made so much money in real estate, his answer was, “It was easy. I just bought when people needed to sell, and sold when they wanted to buy.” These days, the savviest buyers are investors. Why? Prices are way down, interest rates historically low, and rents high and going still higher. For the first time in my 33 years in real estate you can buy a rental property in Southern California with 25% down and positive cash flow. Even if there is no appreciation in value, your tenant is paying off your mortgage, while providing you income.
We know, however, from previous depressed markets, that appreciation can ultimately be expected. Since the 70’s, Orange County has averaged close to 10% annual appreciation.
Would you like to know whether real estate investing is right for you? Just contact us, and we’ll be glad to show you how to take advantage of this opportunity to “Buy when others need to sell.”
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