2009 and Mike Dunn!

Well, we are 13 hours into the first day of 2009 and I noticed a few things this morning:

1. The sun rose in the east.

2. Whatever else happens, is fine with me!

There has been more doom and gloom spoken, written, and filmed about in the past few months then a Wes Craven movie or a Bram Stoker novel.  If the sun rose in the east where you live, then we are all A-OK.

Now, since I am in the real estate business and an investor, the news for my sector has not been very uplifting.  The good news is this: the only thing permanent, is change.  Please remember this.  You see one thing about the Universe is consistency.  Whether the market is hot or icy cold, it is only temporary. 

Much like going to the gym and lifting weights.  The actual lifting of the weights takes at most 90 minutes.  Even then, the actual time spent lifting without factoring in recovery, goes down to 30 minutes.  The benefit of these mere 30 minutes last the enitre day.  So for a 30 minutes time investment, you get 23 and a half hours of good health.

Same hold true for real estate.  Let’s assume you purchase an investment property for $150,000 and rent it for $1,200 per month.  With $30,000 as a down-payment and a $120,000 mortgage at 5%, your monthly payment is $500 per month.  Let’s assume $150 per month for taxes, after all is said and DUNN, you net $550 per month or $6,600 per year profit.  In the meantime, if your property increases in value by an average of 7% per year for 12 years, the value goes up to $300,000.  When you sell it you walk away with roughly $230,000.  If you buy 5 of these properties, you get over $1M at the end of 12 years. 

The great thing about this is, while your home is appreciating, you are saving money through your work.  I know, I know, I hear you: “But Mike, what if the market goes down?”  Here is the beauty, you still have a tenant paying your mortgage for you.  All you have to do is stay alive.  Yes, STAY ALIVE!

The above is the answer to everything.  Do not try and time the market.  Play for the long-term.  Remember, you only need the money when you need help walking, bathing and eating. 

If you really want to find the best investments, go to www.MichaelDunn.com and click on home search.  

Happy investing.

Mike

Posted: January 27th, 2009 under Hot Tips, Real Estate News.
Comments: none

New Year and Real Estate!

Well, we are almost at the beginning of another year filled with opportunities.  The opportunities are boundless.  Yes, even in these “hard” economic times, there will be tremendous opportunities to create wealth.  I love the term “create wealth” because it says what it means and means what it says.

Create, create and create.  Remember that word for it is the essence of success.  You see most of us react instead of create.  it is truly amazing what we can create when we take the time to think, analyze and then take action.

I watched a fantastic interview with Leonard De Caprio and Kate Winslet the other day.  De Caprio said that when he started acting, he wanted to make a career of it and just wanted to work.  He said he would have been happy doing sit coms or commercials and the success he has achieved is the ‘whipped cream, walnuts and cherry” on top of the ice cream.

But somewhere along the way, he grew and discovered a passion to create and look for the bets scripts.   This is the essence of passion.

If you had all the money you needed or wanted, would you still be doing what you are doing?  If the answer is YES, then you love what you do and you have a passion for it.  Some of us are excellent at what we do, but do not necessarily like what we do.  If you can balance both, then you “have it made in the shade” as the old saying goes.

There comes a point where everything you do fulfills your needs and anything beyond that, is “topping” on the cake of life.

This new year of 2009, is going to present some of the greatest opportunities the real estate world has ever seen.  If you have been living within your means and are financially ready, the greed of others is about to balance toy our favor.

Today is January 1st and I went to the gym and ran 3 miles; anything else is extra!  Take each day as a mini life and ask yourself, “What do I want out of each day to make me happy?” 

Remember, you must be ready when an opportunity presents itself.  I am here every day for you so feel free to contact me at 949-533-2581 or Mike@MichaelDunn.com

Best wishes,

Mike

Posted: January 1st, 2009 under Hot Tips, Real Estate News.
Comments: none