TOM CRONE'S Quick Information on Investment / Income Property Action October, 2006

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What's the secret for successful investing? Buy low, sell high. The market is such that the opportunity to buy low is now. Multi-family homes have been sitting on the shelf, getting old. Interest rates are dropping. The money lenders are trying to coax you.

Even Warren Buffet doesn't buy at the very bottom and sell at the very top all the time. He makes a great deal of his money somewhere in-between.

As investment property inventories start to be gobbled up again, as surely they shall, as surely as the pendulum swings, the most desirable ones will be the first to go. Would you prefer to purchase from the best selection, or from the leftovers?

With selection at a decade high, interest rates hovering at historical lows, generous and creative loan programs possible, and all the tax benefits still in place, now is the time to buy.

In any event, never say I didn't try to light a fire when the time was right.

A bonus motivation. Forget about location, insofar as your convenience is concerned. Here's why. If you had to drive for ten to fifteen more minutes to get to a property to service it, and it was a superior physical property and a superior financial return investment, would you? Or would you ignore it and wait for a similar deal to come to your favorite neighborhood?

Just thought I'd mention it.

Tom Crone
The opinions expressed in this newsletter are solely those of Tom Crone and others being quoted and do not necessarily reflect the opinions of Coldwell Banker Burnet or its affiliates.