"Most economists agree . . . a home will become little more than a roof and a tax deduction, certainly not the lucrative investment it was." - Money Magazine, 1986.
"Financial planners agree that houses will continue to be a poor investment." - Kiplinger's Personal Financial Magazine, 1993.
If you know of another investment that will grow as much as a housing did during the 10 years following 1996, let me know. As we all know, real estate is cyclical and eventually things will turn.
Here in Loudoun County we are seeing the early signs that the pendulum is beginning to swing back. We have seen four consecutive months of increasing existing home sales. The average close to list price is up for the second consecutive month. Loudoun County's absorption rate for current inventory is 6.8 months. This is the lowest level since December of 2006.
If you are like me and think it might be wise to ignore the financial experts quoted above. It is time to be thinking about real estate investing again. I'm not talking about house flipping or speculating. I'm talking about well thought out, cash flow positive investments that take advantage of the attractive interest rates currently available. Don't want to be a landlord, don't worry. There are multiple ways to invest in real estate.
Please join us at 7:00pm on Thursday, July 17th at Coldwell Banker Residential Brokerage in Leesburg. Guest speaker Alisa Sampedro will be covering the ins and outs of real estate investing. Alisa Sampedro is a full time licensed realtor with Coldwell Banker Residential Brokerage. Alisa has personally executed over 60+ investment transactions in our local market, both residential and commercial. More importantly, she has never had a negative return on investment.
Please join us, the workshop is free, bring a friend if you'd like. Just remember to RSVP to me no later than July 10th. I look forward to seeing you there as I'll be in the front row. Can't attend, that's okay, call me today and we'll schedule a one-on-one meeting. 703-771-8888
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As a managing broker in real estate, I field a lot of questions on a daily basis. For this blog, I try to adhere to a simple rule, if I have been asked the same question in real estate by more than one person, it is a potential blog topic.
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