Jeannie Niles Real Estate Investment
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High End Real Estate in a Down Market?
In a slowing market, I feel a better investment is to own property that is premium as well as exclusive. Beginning in 2005 I started searching for high end properties that were very limited in supply. These properties are likely to continue to appreciate as well as attract tenants that usually require very little management.
One such property I acquired last year, I recently began marketing as a San Diego vacation rental. It’s directly across the street from Balboa Park, close to nearly everything, but far enough away to avoid the really huge crowds.
This condo is definitely among the nicest properties I’ve ever owned, but I was led here first by my investment sense. When researching the area, I realized that this property has the largest square footage for the price, and although Balboa Park is one and a half times as large as Central Park, the number of “on the park” units is very limited.
The internet has dramatically changed the way I do business and finally afforded me the ability see neat places and visit my children while still getting work done. When I travel I like to stay in really nice places with all the comforts of home and office. Inside, I’ve furnished the condo with all those things that make a great home.
Eventually, the condo will become my retirement residence (should I ever retire, that is). Appreciation is almost guaranteed, and the location makes it an ideal vacation rental as well as long term investment.
As I always say, with proper planning you can make money in any market…it’s just assessing how to react to national as well as local economic conditions.
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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
