|
Most Recent Posts Souther California Real Estate Market is cooling? No Surprise to me !!!Posted Oct-14-06 08:13:52 PDT I am reading an article this
morning that says that the southern California market it cooling off to
its slowest sale rate in 9 years. This is really no surprise to me. The biggest reason seems to be common sense, I mean how long can a house appreciate in value by 30% a year? Sure it does years one, and maybe year two, but the further it keeps going in that direction a wise investor should know that it won't last. A prime example is the California market. When a 3 bedroom 1 bath house around 1100 square feet sells for around 1 million dollars you have to know that soon the market is going to turn. I have seen speculators in real estate going broke surfing the housing boom wave then the wave finally comes crashing against the shoreline leaving them bankrupt and jaded on investing in Real Estate Altogether. As investors we need to keep ourselves concious of this and not get caught up in the hype of a rapidly inflating market. Of course in a market like that playing your cards right can easily generate big profits it can also generate a huge loss if you get caught up in it. A few more years from now we are going ot hear about foreclosure rates and depreciating markets just like we did a few years ago and everyone will have fingers to point at who is to blame. No one is really to blame except greed and lack of discipline. The only way to truly protect yourself from these types of market correction is buying property with a plan to buy and hold for a long term. Buying and holding a property is the only tru proven long term investment plan, and over time has been a better investment that stock, bonds, or any other investment. There really is a reason why the richest people in the world invest their money in real estate. Real Estate InvestingPosted Sep-20-06 18:43:07 PDT As a veteran real estate investor I have been asked many times. "Can you really
buy property no money down?" can you really make money in real estate the way I
hear of people doing it? The answer is definitively YES. I have been a real
estate investor now for going on 9 years in one summer alone I bought and sold
close to 20 properties. The most I have ever made on one deal was $100,000.00
but my average profit on a deal is $25,000.00. One of the things I like most
about real estate is that it is always going up. Real estate prices have
consistently and predictably always gone up. My own grandfather bought a
3-bedroom house in 1951 for $6,000.00 and in 1993 it sold for $68,000.00
that’s a 99.91% return on his investment. I have spoken to groups about real estate in Ohio, Texas, Arizona, Nevada, and Utah. My advice is always the same. Once you have a base knowledge of the business all you have to do is. 1. Make lots and lots of offers no money down offers on real estate. 2. Find a way to get someone else to pay for the property. (Renting it out, investment partner etc....) 3. Sell when the offer is too good to turn down.There are lots of resources to learn about real estate investing that don't have to cost a lot. Ebay always has a few really good books that you can win for a few dollars. I have even bought courses to expand my knowledge off of ebay myself.For those of you who want to get started but you are still a little nervous, find yourself a mentor it is not that hard. I have mentored several people and assisted them in getting started in the business I took usually 40 to 50% of the profits but they were able to get started capitalizing on my vast knowledge and avoid the costly mistakes that I made when I got started. The best advice I can give is just go out there and do it. Make offers and see what happens. You will never get an offer accepted if you don't make one. Also you need to make several offers don't get discouraged when you are told no. I to this day get 7 to 10 rejections before I get a yes. The yes is what makes it all worthwhile. |
) 
 About eBay | Announcements | Security Center | eBay Toolbar | Policies | Government Relations | Site Map | Help | |
Copyright © 1995-2008 eBay Inc. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the eBay User Agreement and Privacy Policy.
| |