The Wild Ride of the Stock Market is Making Investment Property Look Good!

August4


“Wild Ride” by Kenny Chesney

Diversify, diversify, diversify!!  It’s always been the “battle cry” of financial planners.  “Don’t put all your eggs in one basket”, my mother used to say.  I was always a little confused as we didn’t have any chickens nor did we grocery shop with baskets?  Nonetheless, with the wild ride the stock market is taking I’m very happy that not all my “eggs” are in my mutual funds and stock portfolio!  My investment real estate feels very good to me.  I can drive by, touch it, weed the flower beds.  And while someone else pays off my mortgage, I can reap the benefits of an immediate cash flow and tax write-offs!  Those are all good reasons to purchase an investment.  But, okay, so being a landlord is not your thing!??  Have you considered a vacation or 2nd home?  If you can afford the two payments, you might at least get some enjoyment out of your money.  Interest rates continue to hover at all-time lows (I just got a 30-yr fixed rate on my investment duplex mortgage at 5.125%.  Rates are even lower for owner-occupied).  Simply amazing!  Market conditions make it particularly attractive to be a buyer (as long as you do your homework).  Now the mortgage process may make you temporarily crazy, but if you have a good down-payment and good credit you can reap the benefits of  the declined property prices and low interest rates!

The “Oregon Legal Journal” just recently published two articles (July 29, 2010) regarding “Home Buying Applications Sink to 13-Year Low” and “Portland Rental Market Thriving as Home Prices Continue to Decline”.  This points to an obvious need for available properties to rent.  Just sayin….that I believe in diversity!

About the Author | Janeese Jackson

My job is service...service to you and your real estate transactions! How can you benefit from my 25+ years of experience and expertise? What can I offer to make the process more productive? * Current information on available housing...comparative and competitive market pricing and analysis * Daily involvement in the local real estate marketplace * Thorough, comprehensive knowledge reflecting years of helping others complete their real estate business * Extensive network of professional resources to make the process as smooth as possible My commitment is to you! Being available to you...returning your calls...answering your questions...addressing your concerns...respecting your money...matching your timeline...meeting your expectations...helping accomplish your real estate goals!!

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