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Are you diversified enough? Does the Stock market have you worried? What about Investing in Real Estate as an option.

By
Real Estate Agent with Prudential Ambassador Real Estate

By Fred Tichauer, Associate Broker with Keller Williams Real Estate, Omaha, Omaha

The stock market has seen an unbelievable tumble in the past few months and now most of us are deeply concerned and wondering what to do now .

I am sure your  net worth is probably far less than it was before and now you are asking yourself how long it will take before your net worth gets to the previous level or if it ever will right?.

So what can you do now? As difficult as it may be to get excited about investing your hard earned money in anything right now it is not easy for sure but, I would encourage you to think of Real Estate investing as one of the better options.

There could not be a better time than right now to get in the "game". We are now in one of the most exciting times I can ever recall in my 35 years plus years of being an investor.

If you yourself are an investor you should be adding to your portfolio.If you are thinking of becoming an investor, stop thinking and  get in the game as I am seeing record numbers of foreclosures, short sales and one deal after another.

I am often asked the question if I think that prices will get lower, and my answer is I don't know. What I do know is that there is no reason to speculate further if and when prices will hit bottom as a deal is a deal.

In my opinion, Real Estate has met and will always meet the test of time over the long haul. For the most part Real Estate is not as volatile as the stock market and it offers a much greater opportunity to generate wealth as well as tax benefits. I have never know anyone that has lost all their money in real estate, yet I can't say that about the stock market

Our population in the Metro Omaha area will continue to grow, so good housing/rentals should always be in strong demand. How many business opportunities do you know that can work for you 24/7, 365 days a week and that someone else is making your mortgage payment?

Historically speaking those that have made a lot of money in Real Estate bought at rock bottom prices (made their money when they bought) and simply held on. The time is now, so are you going to jump in the game or sit on the sidelines? If your new year resolution is to finally jump in  ask yourself:

1. What risk you are willing to take?

2. Is becoming an investor something that would be a good fit for you?  

3. Do you have your financing in order or are you credit worthy?

4. Do you like to deal with people?

5. Are you good at record keeping?

6. Do you have the time to devote to your real estate activity?

7. Are you handy and willing to do some of the repairs and maintenance yourself or willing to pay            someone to do it?

8. Are you willing to manage the property yourself or hire a property manager?

9. Can you afford vacancies? What about monthly losses if the rent is less than expenses? 

10. Can you juggle several tasks at the same time?

11. Would you be willing to evict a family with small children if they did not pay the rent?

If you can answer a majority of these questions honestly you are well on your way and shoud interview a Team of Realtors that understand the market, are investors, can provide you practical knowledge and will  guide you every step of the way.

Call Keller Williams Greater Omaha Realtors, Fred Tichauer, 402-679-3914, email: fntichauer@cox.net,John Van Gelder, 402-871-5596, email:johnvangelder@kw.com, Scott Houck at 402-676-1008 email: Scott@FreeOmahaInfo.com, Bryce Penke at 402-578-9006, email: penke@cox.net, Shawn Prouse at 402-305-1504, email: sprouse@kw.com and you will be glad that you did.

With us you can count on: Excellence, Trust, Commitment, Honesty, Integrity, Leadership, Expertise, Practical Knowledge, Results and over 60 years experience as investors.

 For  useful information and to register for the seminar check out http://omaharealestateinvesting.com

                                      OUR MISSION IS SIMPLE :

                                      TO HELP OUR CLIENTS GENERATE WEALTH

Anonymous
gustongroves

It depends from person to person. If you ask a question to 5 members, there is every chance of getting 5 different answers. We are listening and viewing from past experiences after a deep down turn stock market is going to make a way to the heights. Hope same thing would repeat in 2009 in due amount of time.

Jan 02, 2009 09:15 PM
#1
Anonymous
gustongroves

It depends from person to person. If you ask a question to 5 members, there is every chance of getting 5 different answers. We are listening and viewing from past experiences after a deep down turn stock market is going to make a way to the heights. Hope same thing would repeat in 2009 in due amount of time. http://shortcuttoprofits.com

Jan 02, 2009 09:16 PM
#2