We need to get our heads wrapped around the long term hold. FLIPPING homes is out like polyester. The long term hold is in like Flynn!! Just look at the S&P - falling at dramatic rates, 401(k)'s dwindling at a record pace, retirement accounts telling you to get back to work!! THIS IS THE TIME TO BUY AND HOLD SELF SUSTAINING REAL ESTATE!!
Buy Low Sell High
I've typed those words often on this blog but will continue to do so until it really sets in. Now is the time to make your move!! This is the time to purchase residential, income producing Real Estate at amazing values!! AND GET THIS!! It doesn't have to be a short sale or foreclosure!! It can actually be new construction! With the economy in the crapper, deals are everywhere!! Builders need to sell their inventory, they are almost "forced" to take losses to appease the funding bank. We just closed on a new construction property (3/2.5 two story townhouse) at a record low price, actually 45% less then previous '08 sales of the same unit!! Now if this isn't buying low, I don't know what is.
Here's the Beauty
Ok, so buying low is great....we get it... blah blah blah... But the economy is tough Rick, my funds are down, the country is in a recession, and my stocks aren't worth the paper they are printed on.
Well here sir/ma'am is the beauty..... These units rent for your hold costs!! Not only are you saving the 40-50% off standard purchase price, but the unit is now paying for itself!! Your net rental income actually pays for all your expenses. Yes, ALL. Taxes, HOA, Insurance, even incidentals.
Now get this!! Your ROI appreciation rate will be close to triple that of your neighbors! As long as they don't lose money, all you can do is gain! With 40-50% already built in as "instant equity" there is no where to go but up. While the economy resets (and it will take a while) your self sustaining property grows money! And it costs you NOTHING!!
Listen people, we are at the bottom. The market has bottomed out due to the bailout. It needs time to reset, are you going to wait for the reset to make a move? If you do there is no point at that time. NOW IS THE TIME TO BUY/HOLD/PROFIT...
It will take years to see a market like this again, do NOT let it pass you by.
-RICK
Be sure to click the SFLA Investments link to your right for more info on what I do and how I do it.
Well here sir/ma'am is the beauty..... These units rent for your hold costs!! Not only are you saving the 40-50% off standard purchase price, but the unit is now paying for itself!! Your net rental income actually pays for all your expenses. Yes, ALL. Taxes, HOA, Insurance, even incidentals.
Now get this!! Your ROI appreciation rate will be close to triple that of your neighbors! As long as they don't lose money, all you can do is gain! With 40-50% already built in as "instant equity" there is no where to go but up. While the economy resets (and it will take a while) your self sustaining property grows money! And it costs you NOTHING!!
Listen people, we are at the bottom. The market has bottomed out due to the bailout. It needs time to reset, are you going to wait for the reset to make a move? If you do there is no point at that time. NOW IS THE TIME TO BUY/HOLD/PROFIT...
It will take years to see a market like this again, do NOT let it pass you by.
-RICK
Be sure to click the SFLA Investments link to your right for more info on what I do and how I do it.
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