Jeannie Niles Real Estate Investment
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Why Are You Investing?
When asked almost everyone will say they invest for “MONEY”. In reality, however we only invest for what we expect the “MONEY” to provide us.
The most common reasons for investing are retirement, children’s college, a bigger home down the road, and financial security.
What is financial security?
Financial security when you are 21 is being able to make your car payment.
Financial security at 32 is being able to purchase a home. (You should have purchased a home long before age 35, however most people do not)
Financial security at 40 is to provide for your children, take some awesome vacations and hopefully NOT attempt to keep up with all the people next door.
Financial security at 50 is having your 401K performing well, a comfortable home that is almost free and clear while paying for the kids’ college.
Financial security at 60 is starting to think about retiring and enjoying the good life.
What, you don’t agree with any of the above? That’s okay…all people invest for different reasons.
To make a good investment program, be honest with what you expect the investment to provide for you. By having a plan with realistic expectations you further ensure obtaining your goals.
I have asked many people, “did you plan ten years ago to be where you are today?” Almost everyone says no. My response is, “how did you get where you are…did it sort of just happen and you floated along?” Almost everyone says yes.
Don’t do the above with your investment portfolio…decide where you want to end up, then work backwards to ascertain how to get there.
Basic Investment Info
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While your strategy will change depending on the market, there are 4 primary ways to make money in real estate.
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When crunching the numbers on a property, you'll often encounter some real estate lingo. Here's what things like 'cap rate' mean, and how to use them.
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There are some basic strategies that apply across the board no matter where you are investing or what the current economic conditions are.
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Good brokers don't simply sell you property, they help you define your investment strategy.
Investment Strategy
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Now is the time to be buying! Aggressively priced properties are selling over listing price with multiple offers.
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While almost everyone says they invest for “MONEY,” in reality, we all invest for what we expect the “MONEY” to provide us. Read on for info on defining realistic goals and developing a strategy to achieve them.
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Compared to other types of investments, real estate provides you an incredible amount of control over your property.
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When I work with a client, I try to match the type of property to the investor's personality and portfolio.
Optimize Your Portfolio
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I always encourage my clients to “never be sellers” but there are times when a property needs to be eliminated from a portfolio.
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If you currently have an option loan, also known as an exotic loan and want to get out of it, there are some serious issues to address.
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Good property management is the number one factor in the success of your real estate portfolio.
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
