Jeannie Niles Real Estate Investment
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A Different Downturn?
In the thirty years I have been in the real estate business, this is the first downturn where entry level housing was the primary product impacted.
In a traditional downturn, the higher end properties falter, then it filters down to lower priced homes. In this market, entry level housing is not selling, foreclosures are in abundance and it remains to be seen if the problems will filter UP to the more expensive properties.
It will take time for the market to absorb the foreclosures and entry level buyers to get back in the market. The key is maintaining cash, carefully evaluating your own financial situation and trying to “take advantage” of current conditions. When your broker calls with a good opportunity, be ready to act on it.
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Income property has once again become “Income property”.
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There are many small income properties available in the area. Prices here have declined over 50% since the peak of the market late 2005/early 2007.
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It’s possible to obtain some great apartment financing. 25% down payment and interest rates at 6% or slightly below.
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Cap Rate is an investment tool for analysis that enables an investor to compare one investment to another.
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Cap Rate is the best tool for determining the value of an income property.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
Every investor's situation is unique, and I have over 25 years experience solving problems. Use the form below to ask me about your unique needs.
Jeannie Niles Real Estate Investment
P.O. Box 317
Palm Desert, CA 92261
P: (760) 360-4020
F: (760) 340-9069
E: jniles@realestate-investment.com
