Jeannie Niles Real Estate Investment
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Bored Realtor
Why I have Closed almost ZERO Real Estate Transactions Since October 2005.
I will never make a recommendation to anyone to buy/sell real estate or do a transaction that I would not do for my own portfolio.
If a client wants to buy/sell property that I disagree with, I will always try to discourage them as well as provide my logical reasons why I feel the timing is incorrect or the property is not going to perform the way they want it to.
After working almost non-stop from 2002 through mid 2005, I was exhausted.
In 2005 I tried to position all my clients as well as my own portfolio for a downturn of 20%. We did a lot of refinancing at favorable rates and accumulated cash to benefit from the downturn I was predicting. The year 2006 was great because I enjoyed the freedom of not working very much. 2007 had further declines: the mortgage meltdown, the subprime debacle that supposedly “no one knew anything about” including all the hedge funds on Wall Street. Again, not much work for me.
I am now probably the most BORED REALTOR in Southern California.
But things are picking up. I am now starting to see the light at the end of the tunnel. I feel this is the beginning of a great buying opportunity era. We are very close to again having the lowest interest rates since 1971. * Prices are being reduced dramatically, especially with Bank REOS.
Two years ago, to have a break even cash flow for investors, you needed to put at least 50% down. I am now seeing properties having a breakeven cash flow with 20% down and sometimes even less.
Let’s hope this continues and I am correct.
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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
