I was always told “when you start reading about an investment, it’s too late”. We all have read the articles and heard the stories of the great successes. When we hear about them we all want to repeat them. Unfortunately, the opportunity is all too often gone.
People are always asking whether we’ve reached the bottom in real estate… The only way we’ll know is when we can look back in our rear view mirrors and see it… What I find interesting though is the number of different groups amassing hundreds of millions of dollars for real estate investment! Here we are in a real estate market that some say still has a way to go in the negative direction and it seems that everywhere you look money is piling up to take advantage of the opportunities being made available…
Many of us expected the market would turn for real estate when the interest rates increased… the dollar’s value decreased… capital gains tax rates increased… Well we are still waiting! The critical thing to remember is that historically more property moves at the bottom of the market than at the top! The question I have for you is; Will you be ready when the market is? Those piling up the gold already are…
I’m sure that as we look back in the rear view mirror we will all remember this as a time of opportunities realized or missed and hopefully we will all fall into the” realized” category. As the Boy Scout motto says “be prepared” . Let’s be prepared and make 2011 a great one!
Whether working through a 1031 exchange with Equity Advantage, acquiring real estate with any IRA through IRA Advantage or listing investment property through our Post 1031 property listing site Tom and I are here to help you get where you want to be.
