On the sidelines…
29 July 2007Its been almost half a year since I’ve made my last post. Its amazing how time flys (especially as a person grows older). In the last six months, I’ve concentrated more on family than real estate. At this time, real estate is a second job, however, I am pleased with all of my investments so far. They have been working very well. No evictions, no missed payments for any of of my rentals/notes.
What I have been doing is keeping a sharp eye on the real estate market here in Tucson. Conclusion, its a great time to buy! I haven’t see much pain in this area, the banks are not giving away properties, and there’s a LOT of listings that are still over priced. I bet my pre-foreclosure business plans would be working great in 2007.
I am glad I didn’t listen to my investor friends that said sell everything you’ve got in your portfolio! I’m riding this one out just fine, and in the long run, I’ll be making a killing.
I still have not sold any of properties. I still have single families, condos, and tri-plexes in the portfolio.
I am waiting for a land deal to hit that will position me for an apartment/commercial project. I think from here, that is the way to go. Now, if I can only find that motivated seller!
By the way, my REI analyzer has had great reviews and I use it all the time to check cashflow. Its been a great tool to get to the bottomline. Its only $9.99 (Check the link above)
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