Become your own CEO in 2009!

January 2, 2009

It’s a good possibility and better than average bet, that your future PORTFOLIO should again include…REAL ESTATE.  Who do you trust?  Why not become your own CEO?  And why risk your financial future on un-accountable CEOs, the greed of corporate directors, and spendthrift companies or investment talking heads? Even the wealthy got taken by Maddoff, while regulators watched. 

 

Our real estate prices are at levels making economic sense to buy and hold or look for rental properties that offer positive cash flow.  Bank foreclosures, short sales or just excellent valued properties may fit your investment needs.  A combination of your IRA, personal monies and loans may be the right equation.  What ever you decide it is a good time to buy. 

 

2008 was a difficult year for our local real estate market. The year began with initial hopes of our prices nearing the bottom. Many Sellers held on to that notion, some too long.  Many aggressive Sellers did sell.  Some will continue to wait for the right buyer.  In years past we didn’t know the term Short Sale or thought we would ever need to know it.  As time went on Short Sale seminars developed, Short Sale certifications were offered. We had short sale failures, short sale success stories and long hours of unsettlement with Loss Specialists whose job description the week before was Receptionist. These departments simply didn’t exist.  Bank foreclosure numbers rose and unfortunately, keep rising. Foreclosures are happening to very hard working families and some with unfortunate circumstances.  As if we needed more salt in our wounds nearly the entire credit market collapses and more new terms emerge, such as, “Bailout and TARP.” With debts now in the trillions.

 

So here we are in 2009.  Many of the same problems facing us remain.  We will probably hear and learn new definitions and terms as we go along for the credit ride.  We are hopeful this year will be a better year with more positive terms coming our way and successful stories.  Our position remains, the time to buy is now.  Allow yourself financial freedom with smart investments offering positive cash flow.  Be your own boss and start your Real Estate Investment Portfolio.  Please call me or e-mail if you have any questions. Happy New Year.

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