Presidential Debate and Real Estate!
Well, folks, here we go . . . the home stretch of the 2008 Presidential Campaign. Are you ready? I am!
The reason I am ready is because I want to see who will step up and say what needs to be said. We need someone to take responsibility instead of blaming things on others. Let me give you an example:
I was a baseball pitcher in high school, college and some travelling semi-pro teams and whenever I had a bad game, I took responsibility. If I had a good game, I was relatively humble because I knew my teammates helped me. When it was my turn to pitch, I came prepared - I would do my running , stretching and bullpen session religiously - you see, I did not want my preparation to be an excuse to lose the game. I always controlled the things I could control.
In this race for the White House, the candidates are just putting blame on each-other instead of suggesting some sound economic policies. In fact, both candidates have been members of the congress the past 8 years and are only now saying they will do something. They were both in the middle of the debacle - take the blame and start moving on.
I love how these candidates take credit when things are good and place blame on others when things are bad - it must be human nature. For once, I would love for someone to say, “I $#@%!& up and this is what we need to do to make things right!”.
I do not think “they” make people like that anymore; at least not on this planet.
So here is what I think, all of us should look at ourselves as the government. How should we ensure financial success? Again, I ask you, are you ready? Remember, in order to achieve change, you must be ready. I have been ready for the past 10 years and will continue my path . . .
Here is the solution: If we all buy real estate investment property we will ensure our success. First, we will have a tenant who cannot afford to buy a home because of the tightened lender restriction, rent one of our properties. The rent they will pay will cover the mortgage we pay to the bank. The bank will be happy because they will have a steady income. We will be happy because we have our expenses covered and our homes will appreciate at a nice 7% increase very year. The tenant will be happy because they will be building up their credit scores.
I know, I know, you are saying that this is not “sexy” enough. Yes, buying mortgage notes on Wall Street is much more “sexy” or buying stocks on margin is the “creme de la creme” of excitement. But the aforementioned system REALLY WORKS!!! This is quite a change from “sexy” and “broke”.
So what do you say? Shall we just do our own investing and tell Wall Street to do their own? It has worked for me.
In effect, you own your own company. You have your own employees and you are in charge of the balance sheets. I think the employees of Enron wished they had done the same.
Go to www.MichaelDunn.com and click the search button because, your future is in your mouse and the mouse will always go to the best HOUSE!
Happy investing.
Mike
Posted: September 26th, 2008 under Hot Tips, Real Estate News.
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