FED cut rate to 2%..
The media has painted a great picture of the grim reaper at the door waiting for anyone who is even contemplating investing in Real Estate - the truth is that the Grim Reaper was standing at the door for the last 2 years waiting for all of the lazy non educated investors to buy properties at inflated prices and high interest rates. Those are the people who are hurting in today’s market - not the smart investors who are swooping in to buy current inventory at pennies on the dollar.
So let’s look at the facts at why this is the best year ever to invest in Real Estate,
Yesterday the FED cut rates to 2%, thank you Mr. Bernanke
The FED has reduced the interest rates on money loaned to banks to 2%. Investors are not seeing all of these benefits been past on. Read my next blog post!!
Banks and home owners are selling their properties for pennies on the dollar, thank you Mr Bush
Go to Vegas, Phoenix, Sacramento etc and you can see fire sales happening all day, every day. A lot of investors and homeowners bought properties that they cannot afford and are selling at deep, deep discounts.
2008 Stimulus package gives amazing tax benefits for people buying in 08, thank you Mr Bush
Get to deduct 50% of personal property THIS YEAR!! How many of these “GRIM REAPER” media sources are educating you about Chattel?
What a year to invest! On top of these financial gains, yesterday I spoke to Kim, a Californian investor who called two REO realtors to buy properties this week.
Wouldn't you think that these 2 Californian realtors, where the Real Estate market is SOOO bad would be jumping through hoops to sell Kim properties?? Think again - both Realtors past her onto one of their associates as they are "too busy" at the moment....
Who do you listen to??
The media who are always on top of what is going on in the streets….
or the real estate agents who are too busy to take your calls??
So let’s look at the facts at why this is the best year ever to invest in Real Estate,
Yesterday the FED cut rates to 2%, thank you Mr. Bernanke
The FED has reduced the interest rates on money loaned to banks to 2%. Investors are not seeing all of these benefits been past on. Read my next blog post!!
Banks and home owners are selling their properties for pennies on the dollar, thank you Mr Bush
Go to Vegas, Phoenix, Sacramento etc and you can see fire sales happening all day, every day. A lot of investors and homeowners bought properties that they cannot afford and are selling at deep, deep discounts.
2008 Stimulus package gives amazing tax benefits for people buying in 08, thank you Mr Bush
Get to deduct 50% of personal property THIS YEAR!! How many of these “GRIM REAPER” media sources are educating you about Chattel?
What a year to invest! On top of these financial gains, yesterday I spoke to Kim, a Californian investor who called two REO realtors to buy properties this week.
Wouldn't you think that these 2 Californian realtors, where the Real Estate market is SOOO bad would be jumping through hoops to sell Kim properties?? Think again - both Realtors past her onto one of their associates as they are "too busy" at the moment....
Who do you listen to??
The media who are always on top of what is going on in the streets….
or the real estate agents who are too busy to take your calls??
posted by Alan O'Brien at
9:10 PM
3 Comments:
Hi Alan,
I like your post - keep on writing these opinions and tips!
Best, Wendy
Hey Alan,
You speak the truth man...a friend of mine just picked up a property in Sacramento for .63 cents on the dollar. It will cash flow as soon as he fixes it up (imagine, cash flow property in California!) and with the extra depreciation he will get thanks to the '08 Stimulus Act (it's not just about a $600 check), he will get very close to his $25,000 depreciation allowance with just one property. That means that he won't have to pay taxes on $25,000 of his income this year and if he uses those tax savings to invest in another property next year...he has a solid wealth plan in motion. Now that is economic stimulation! Why isn't the media talking about that?
Hey Alan,
I could not agree more with what you mentioned here, as well as the input form the Chattel gang.
As you know we are very active investors and are very bullish on many great opportunities we are seeing for cash flow throughout the country. Now is the time to buy.
We are not alone either. The clients we training through our programs at the Real Training Institute are experiencing great results as well.
Being if your strategy is to buy and hold, or fix-and-flip to other investors, people should be getting into action.
Keep up the good reporting.
Post a Comment
<< Home