God isn't making any more land.....two-thirds of the earth is covered in water.....and our population is growing exponentially. How's that for an answer? Now that I have your attention, there are many more reasons why real estate will most likely be your single best investment you'll ever make. Lets look at one fact that makes a good case for making real estate your first investment choice. Did you know that every 15 years the cost of goods and services DOUBLE! Remember when gas was 30 cents a gallon in the 1970's, then 60 cents in the 1980's, $1.50 in the 1990's and now in 2007 we see prices over $3.00 a gallon. Whether it's College tuition, cars, or Real Estate, the doubling effect has been a fact of history.
Real Estate, however, has been known to double in 2 - 3 years in a seller's market. The strategy you must learn when buying your first piece of property is WHEN TO BUY. Learn this, and you will be quite successful. Fail to learn this, and you'll put yourself in the poor house. I will explain the strategy in greater detail in future postings.
In tomorrow's Blog, I'll get into how much money you'll need to start investing and how your credit score can save you thousands of dollars or cost you thousands when you're ready to buy.
Tuesday, July 10, 2007
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