Monday, March 13, 2006
Philosophy of break even investments..
Ok, some of you guys must be thinking, damn, why do an investment when it only breaks even?
First of all in this market, if your breaking even its because you either had a huge downpayment, got it for a great price, or terms are great.
The rental rates in Tucson have been real soft for many years. Based on my research, I think rents are going to go up real soon! So, a drip of water will turn into a stream and than a river in the future. Thats the plan.
In 2004, I only looked for bargain, bargain properties and I lost many great opportunities because I read books that said , "I passed on properties with $10 dollars negative cashflow!".
Good investing..
First of all in this market, if your breaking even its because you either had a huge downpayment, got it for a great price, or terms are great.
The rental rates in Tucson have been real soft for many years. Based on my research, I think rents are going to go up real soon! So, a drip of water will turn into a stream and than a river in the future. Thats the plan.
In 2004, I only looked for bargain, bargain properties and I lost many great opportunities because I read books that said , "I passed on properties with $10 dollars negative cashflow!".
Good investing..
|| Bginvestor, 8:00 PM
2 Comments:
Ayup. And the trade deficit broke another record. Also, congress just passed a bill pushing the allowed spending deficit threshold at $9 TRILLION. You have to wonder how much longer our economy can take before all hell breaks lose and we go into a major depression.
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gold prices are up.
gas and heating prices are up.
the dollar has devalued 20% against the euro.
the only reason we're not in recession is because Greenspan kept the rates artificially low for so long and at such insanely low rates.
pretty soon the government will have to start printing notes like crazy to pay off the war and social security and that will lead rampant inflation, thus raising rents!