Jeannie Niles Real Estate Investment
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Interest rates going down?
Bill Gross, bond manager with PIMCO, feels the fed will lower interest rates substantially in the forthcoming year in order to put housing costs back in line with affordability. Yes, I know it can be boring reading, but give it a try.
He states the federal government completed a study in September 2005 that basically says a reduction in interest rates is better than home prices declining in the double digits. Check it out.
Understanding Statistical Info
We keep hearing how the foreclosure rate in California is 500%+ over 12 to 24 months ago. In 2005 and early 2006, foreclosures were practically non-existent in California.
Not to diminish the foreclosure issue and persons losing their homes, but when you have a very low basis in one period, percentages skyrocket! Make it your business to really understand “what the headlines mean.” Attention getting headlines sell newspapers/magazines!
I welcome any discussion/comments or other articles that you find of interest.
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Income property has once again become “Income property”.
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There are many small income properties available in the area. Prices here have declined over 50% since the peak of the market late 2005/early 2007.
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It’s possible to obtain some great apartment financing. 25% down payment and interest rates at 6% or slightly below.
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Cap Rate is an investment tool for analysis that enables an investor to compare one investment to another.
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Cap Rate is the best tool for determining the value of an income property.
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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
