Jeannie Niles Real Estate Investment
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Inc. Magazine's Best Places for Business in 2005
In their May edition, Inc. Magazine has listed the Best Places for Business in 2005.
Out of 274 cities, Riverside-San Bernardino moved to 6th place from 7th last year and San Diego moved up to 22nd from 34th last year. Two-thirds of the scoring was attributed to job growth with the remaining third for other types of growth.
This information supports my feeling that the best place to invest at present is Southern California, and especially the Palm Springs and San Diego areas. Los Angeles was ranked #153, NYC was 184th and Muncie Indiana received the “last place award.”
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Seven properties went into escrow in October.
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For Coachella Valley
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Multi-family properties have been the hardest hit segment in the desert area for number of sales during the current real estate downturn.
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I am always frustrated how the media and other trade groups use statistical data to prove the point they want to make, thus I like to do my own statistical research.
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It can be very profitable purchasing bank owned properties in the current real estate market.
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Some of the most outrageous episodes in property ownership that the owners lived to tell about.
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Only 5% sales agents or brokers actually own investment property, and only 10% actually sell a property.
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
