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??

The sugar buzz is wearing off...

Wow what a crazy 2008 it has been, our brilliant engineers are working their fingers to the bone and what an amazing job they are doing..

This morning I got an email from Susan, one of our first MPF members with the following words of encouragement

"MPF is a great tool - especially some of the recent upgrades."
Susan S, Tennesse

With regards to the recent upgrades, have you seen the new buyers section???

Wow I was so impressed with what Mike and Paul have developed - I think that we all need to thank them for the many hours they are putting in to make our lives so much easier.

Over the next few weeks we will be receiving even more enhancements in the buyers section, we will be able to say good bye to using all other autoresponders - yippeee - which will inturn reduce the cost of using MyPropFolio. In fact for all of the smart members who joined first it will reduce the price of MyPropFolio to free..... I hear you all say - damn I wish I bought it months ago...

I am so happy that MyPropFolio is available now as we are beginning to see investors raising their heads again in the Real Estate market. This week I had a nice pint of Guinness with Stuart Newton, who is an amazing local property developer. Stuart has a number of lots that he is selling and informed me that last year and Q1 of this year sales were hard but in the next week he believes that he will have all of his development under contract with very solid buyers. Investing is getting excitting again...

One last note, I really want to thank all of our members who give us great feedback on what they like (and don't like) about MyPropFolio. If you want to see any of the new features and benifits from MyPropFolio, don't hesitate to give us a call or an email - we love to use and demo the system

Have a great weekend
Alan O'Brien