

| Troubled times for the global economy. Markets in disarray. House prices down. With a new Administration transitioning into the White House change is definitely upon us. I heard one Real Estate guru say 'America is on sale'. Possibly a flippant remark but still some reality to it. Stock and property prices haven’t been this low in a long time. The question of course – where is the bottom. The answer is we won’t know till it is behind us. But the wheel will turn. Its always does - despite media fanned emotions of the moment. Cities shake burn and rebuild (San Francisco 1906). Markets crash and return (1930’s Depression). Tycoons loose fortunes and come back strong (Trump - 1990’s). History repeating itself in a slightly different guise. So what do opportunities look like these days? Where are the oasis’s out there? Depending on your objectives they could be anywhere. In Real Estate, areas with a relatively steady & diverse economy are a good place to look. Consider Jackson Mississippi. State capital – a lot of government jobs. Universities. Industry and commerce. Government assistance for citizens and incentives for investors … hit by subprime/foreclosure problems very early on …. now seeing steady house prices since late Spring ’ 08 …. a strong rental market and investment properties that can cash flow easily. Investors are paying under $75,000 for 1850 square foot, 3/2, completely renovated single family houses in nice neighborhoods, that comp for over $100,000. Net positive cash flows upwards of $400/mo. and built in equity. If getting paid to wait for the next market upturn sounds interesting take a look at my website - www. irvinehillsllc.com (if not here already). We have a lot of information on the area and some turnkey and fixer properties for review. One way to look at the state of the economy is the quote by multi-millionaire Industrialist Henry J. Kaiser – “problems are only opportunities dressed in work clothes”. Here’s to Happy Holidays and profitable investing for one and all. |
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