Jeannie Niles Real Estate Investment
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Even In This Downturn I Still Like Real Estate
Each day brings more negative news about real estate, especially in the Southern California Residential Market.
For the first time that I am aware of, Wall Street and the Residential Real Estate market are encountering difficulties simultaneously. (I won’t belabor the reasons why, but if someone enjoys discussing global economics, please contact me).
This downturn has also occurred much more rapidly than previous declines. The end result is a lot of fear and panic in the market.
Being a pro-real estate person, I still feel better owning real property than a stock certificate because I can do lots of things to get through the current problems as well as improve my position.
Examples:
1) Change usage.
2) Improve/upgrade.
3) Increase rents as a result of #1 or #2.
4) Restructure existing financing.
5) Exchange/Sell or Buy Different Property.
If you are selling at a lower price, you are also buying at a lower price, so in theory the market didn’t impact you, only if you are selling for cash and getting out of real estate.
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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
