Yeah, I heard he is into real estate now.
Not such a promising market YET, but if he can hang on and survive for 12 to 24 months, then it should turn around and be the RIGHT time to be in that.
The turning point from ROCK BOTTOM back up can be the most lucrative time in real estate.
I might spend some time over the next year to get mine.
I remember back in 1996, when I bought my first home (I was 24 at the time and knew less zero)
that houses were ALL OVER THE PLACE and looking back, the price was ridiculous.
Had I known ANYTHING back then, I certainly would not have bought what I bought, and would have bought more then 1.
I remember my agent telling me, at all the places I decided against, I think I will put a bid in on this one then, and I know why now.
Places that got up to $750,000 in the prime about 4 years ago were going for $160,000.
I could have qualified for them back then also, but it stretched me all the way to my limit.
I was a scared first time buyer, so I settled for a townhome for $114,000. I still sold that for $250,000 (got up to about $400k in the height) in 2002 and bought a home for $236,000 a little inland (corona) and lived there til 2004 and flipped it for $420,000 (max out at probably $525,000).
I bought a house (about 3 times the house that I had in Corona) in phoenix for $200k).
I still have that as a rental and make some $$ monthly on it now.
Now I will be a looking for the prices to bottom out in about 2 years.
I think if I get a license by then, I will be able to have access to the MLS and get in on the good prices before the public.
Oh well, just talking thru my fingers.
Good Luck to Kirt.
AAF will be missed.
Check out The Age Of Aquariums
The store is located at 2642 Cherry Ave. Signal Hill, Ca. 90755. The email is [email protected]
and the website is www.ageofaquariums.biz
Eye Candy Aquarium in Garden Grove.