My buddy Preston Ely passed along a pretty good investing tip this week.
If you’re a real estate investor - or just an average human being - and your life is not currently being influenced by his weekly newsletters, you need to get on Preston’s mailing list here.
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I was watching an interview with Warren Buffet the other day. It was pretty interesting.
Interviewer: Does it make sense to buy houses as investments right now?
Warren: Sure it does. So long as you buy with VALUE built in.
Therein lies the key, my friend. Real estate is still the best and most secure investment to be had… so long as you buy with value.
I’d like to share a little secret of mine that I’ve been using for years. You may or may not know this already.
When looking for areas to hold long term rentals in, consider neighborhoods that are ABOUT to become historic or already are historic as your safest bet.
If you are lucky enough to catch an area in transition to historic status… you have found a gold mine. Expect your values to go up astronomically (and quickly) once the official verdict is given.
And if the neighborhood already IS historic, well then you can usually count on the appreciation in that area outperforming the rest of the city.
Decline Like It Is Right Now?
Look for the historic areas to hold their value relatively steady while everything else collapses around it.
I happen to live in a historic area. And my neighborhood (the Soho district in south Tampa) is about the only place in Tampa that has not taken a nose dive.
Why am I telling you all this?
First of all, it’s free information that can help your life, and I happen to like helping your life.
Also, my real estate business just put a house under contract that happens to be in the historic (and trendy) “Kenwood” district of St Petersburg, FL.
And it’s priced at about 50 cents on the dollar.
Wanna buy it?
Click here for details and pics — http://www.realfreedomproperty.com
** Hint: You’d be wise to get on Preston’s buyers list too.
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