Hackney's Houses

It is time to get in the game.  No more sitting on the bench.  No more looking back wondering "What If?"  If you are serious about this then now is the time. 

What am I talking about?  Investment Property. 

Indicators are with you:

1.  Historically low mortgage rates.  Yes, we've been spoiled in recent years.  My first house was 8.25% back in 1994 and I was pumped!  My father was involved in real estate when rates where in the high TEENS!!!  So yes, rates are Fantastic!  This could literally change overnight on any given day.

2.  Inventory.  Not too long ago it was the Ebay effect.  Very little inventory so people bid up and bought property they didn't even really like, but there wasn't much selection and the pace of the market didn't leave much time to think.

3.  Skittish Sellers.  We haven't been accustomed to a "normal" market which is what we're in now.  Houses are taking longer to sell, but sellers in particular aren't used to this.  This often gives leverage on the buyers side of things. 

I'm not a big "flip" fan.  Those opportunites aren't as widely available anymore and in most situations the only thing that should be "flipped" are hamburgers and pancakes. 

I am a fan of buy and hold.  Whether is the stock market or real estate this is the tried and true method of building wealth.  Not as sexy as some of the magic bullet formulas of the late night infomericals, but it is how to get the job done. 

No one has the crystal ball or even a foggy clue to what lies ahead, but we do have history to guide us.  History indicates that even in a shorter 4 or 5 year period, you will more than likely see nice appreciation in the value of your real estate holdings.  Possibly sooner...maybe later, but it will increase in value...PERIOD. 

Don't wait to buy high and sell low.  Get together with the advisors you trust and value to determine what you are in a position to purchase or what you need to do position yourself. 

The music is playing and it's time to Dance.