Sears and Real Estate!

What does Sears have to do with real estate?  Actually, everything.  You see Sears and Roebuck and its evolving family of entities, has been around for over 100 years.  It has gone through many changes but in my neighborhood, the Sears name is still sitting high on the building.

Sears reminds me of the old days of shopping centers when there were only a few major stores that catered to the public.  In the past few decades, many other stores have popped up and enjoyed success, but in these fluctuating economic times, others are falling by the wayside.

Real estate, although we have seen some major drops recently, is still a stalwart of any wealth building plan.  Despite the current conditions, it is one the most sound investment anywhere.  Why?  Because you will be able to cover your costs in a down market.  A prime example is a property you may want to sell, but the market will not bear the price you want.  Let’s assume you have a tenant paying $2,000 per month and your mortgage payment is $1,000 per month.   You have someone making your payment for you and if you wish, you can pay down your principal at the same time.  If you had your money in the stockmarket, you do not have anyone covering you until the stock rises again.

Simple stuff, but it is the stuff of legends and what legends are made of.  Today’s notes are short but sweet.  Go to www.MichaelDunn.com to learn more about making sound investments.

Mike

Posted: March 15th, 2009 under Hot Tips, Real Estate News, Uncategorized.
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American Idol and Real Estate!

I love to watch the preliminary tryouts for American idol. They are the most entertaining. While most of them do not have the talent, they do have confidence. Some is unfounded, however, I one has to appreciate the courage to go for it. How many more millions of us do not step out into the limelight to see where we stand? How many of you have rented, dreaming of buying, but just stopping short because of fear?

There is a lesson to be learned from American Idol. While the judges, especially Simon, ridicule a bad performance, the action needed to step up on stage is one that makes the difference between being a spectator and reaching one’s true potential.

While the chance to become a star and perform before millions of people is very enticing, the truth is, it is short lived. I am not discouraging the effort, after all, I once pitched infront of 3,000 people at a college baseball game. I am simply saying that sometimes the least sexy things, turn out to be the most rewarding and long lasting.

For me, the opportunity to chase my dream of playing major league baseball, was one I could not pass up. I gave it my best effort, figuring that I could always get a job or go back to school. I made the correct decision and the lessons learned are ones I have used in my real estate investments and sales. So far, they have paid off.

I yearn to pass my lessons to you and help you see through your own eyes, how this is the most sound investment one can make. My favorite areas to invest are Orange County, California, Austin, Texas and the Carolinas. I am sure there are others.

So if you have a dream of building a sound financial future, real estate is the way to go. The two great areas in California I recommend are www.NorthwoodPointeIrvine.com and www.ThePelicanEstates.com.

Visit those sites and send me an e-mail.

Mike
949-533-2581

Posted: February 20th, 2009 under Hot Tips, Uncategorized.
Comments: none