How To Find A Good Buy With Carlsbad California Real Estate

Carlsbad California real estate is among the elite of the highly desirable Oceanside communities surrounding San Diego County. What should you look for when buying Carlsbad California Real Estate? First learn about the diversity of the four unique neighborhoods that make up this community. Old Town and Batiquitos are two areas that combine the old work charm and diversity that makes Carlsbad California real estate so desirable.Since real estate values have declined in the past few years, builders have agreed to limit new homes to be built starting in 2008. This means that the market will begin to have limited supply for buyers to choose from. This may be the opportune time for most homebuyers to focus the seriousness of their search. There are many factors that can help make your decision easier for purchasing Carlsbad California real estate.Carlsbad California Real Estate InvestmentsThis town is an investment town. Anything you do that attributes to your future as far as purchasing Carlsbad California Real Estate or renovating your property is likely to pay off. There are no guarantees, but in real estate, the future tends to mimic the past. The job market in the Carlsbad California real estate and surrounding areas bring in an average family income of $73,000, about $20,000 higher than nearby San Diego.The median home price of Carlsbad California real estate is about $780,000, with plenty of homes in the multi-million dollar range. Both residents and investors continue to invest in Carlsbad California real estate. The luxury and continued growth continue to drive Carlsbad California real estate despite woes of the market.Carlsbad California Real Estate PartnersSo is it possible to find an appropriate and beautiful Carlsbad California real estate property for your needs? The first step is to find an agent who knows the Carlsbad California real estate market. The specific characteristics of the different neighborhoods will impact your decision. While you definitely need to visit Carlsbad California real estate properties yourself, a good agent can send you in the right direction.Your other partner in lining up a great Carlsbad California real estate deal should be a good mortgage lender. There are a lot of loan options despite tighter regulations, but not all will be right for you. Interest rates are hovering around 6.5%, but you may qualify for more flexible options that can help you put more money down on the home your really want.You should get references for both from people you trust. If you are new to the Carlsbad California real estate area, go with well-established groups or realtors. Interview agents until you find one that has a solid background, and who you are comfortable with. While the Carlsbad California real estate market is rather competitive, a little preparation and guidance will get you where you want to be.

Looking For a Place With Low Real Estate Prices – Dallas Has Low Real Estate Prices

Are you looking to buy a home in a city that has low real estate prices and great real estate value? If so, you should look into buying some Dallas real estate. Why? Real estate prices are quite reasonable when compared to the real estate prices of other large cities around the country.The median Dallas real estate price is just over $240,000 which is about a three quarters to half of the median prices in most other cities that are comparable to Dallas. So if you want to move to a city where you will still find all the benefits that a large city has to offer but still has homes that you can afford then you should move to Dallas.Since the median home price in Dallas is lower than the median price in most of the country there are many homes for sale that have great value for the purchase price. Amenities that you would not be able to afford in a home that is for sale in another city you can afford when you buy in Dallas, Texas.There are so many homes for sale in Dallas right now that you can negotiate a great price on some prime properties. New homes are popping up all over the Dallas metro area because so many new businesses are choosing Dallas as a base for operations. The growth of the city combined with the great weather and low real estate prices are convincing many new businesses and new homeowners to move to Dallas. So if you want to take advantage of the great prices on Dallas real estate you should make plans to move there soon. This buyers market won’t last forever.As Dallas becomes more and more popular and the city continues to grow housing prices and Dallas real estate prices will continue to climb making owning real estate out of reach for some people that would love to be homeowners. But if you act now and start making plans to buy a property then you can still get a great deal on real estate in Dallas and find the perfect family home or even a commercial building for your new business. If you’ve always dreamed of starting your own business the great prices on real estate in Dallas could make it possible for you to buy a commercial building and get your dream business off the ground.If you’re in the technology field then you should definitely consider setting up a shop in Dallas. This city is becoming one of the hottest areas in the country for technology and computer based businesses and with the low prices of real estate you could buy some Properties and get your business established ahead of the pack, which would put your business in a better position down the road.Price is always a big consideration when buying property and the low prices on Dallas real estate can’t be beat so if you’ve been thinking about buying some new property now is the time to buy some Dallas real estate.

Why Investing in Real Estate Made Me a Millionaire and Investing in Stocks Didn’t

Martin, our money man and main investing partner, emailed us last night and said simply “I’ve pretty much lost it all”. We’d been shopping for a commercial property to buy to diversify our investments. Martin was once again partner with us on the deal we found, assuming he was comfortable with the numbers.At least he was planning to before the markets crashed and Martin lost his six figure down payment! Now, sitting on pennies (o.k., not quite, but definitely not enough to make a down payment on a million dollar industrial property), Martin is probably really wondering what so many other people do, “Is real estate a much better investment than stocks?”My answer is always a resounding “It depends” or “Diversification is best”… but if you change the question and ask me where my money is invested, 90% of my money and my net worth resides in real estate (even excluding my current home).And yes, I am young – I’m in my early thirties! I am also a millionaire and it’s all thanks to real estate. It’s not to say that stocks won’t make you rich, Warren Buffet is one extreme example of the wealth that can be created through stocks, but I like real estate because:

You Can Kick It! Real estate is tangible. You can drive by a property and tell your friends or family that it is your property. You can also check up on how it’s doing. That is not as easy if you just own shares in a company. There’s nothing to show your friends and family, and most company’s won’t let you sit in on their meetings to see how they are doing!

 

Leverage: If you have $16,000 to invest (which is what I started with 7 years ago), you can buy $16,000 worth of stocks and bonds. But, if you buy real estate, you can buy a property worth $160,000 (which is exactly what I did). While some stock investors are able to buy on margin (when you only put down a portion of what the stock is worth), this is a sophisticated and high risk move that only experienced stock investors typically make.

If your stocks go up in value by 5%, you’ve made $800. But if your property goes up by 5% you’ve made $8,000! This is on the same $16,000 investment. This doesn’t even take into account the other ways you can make money from real estate….which leads me to my third reason I love real estate.

 

There are three ways to make money from real estate: Appreciation, which we discussed above, rental income, and other people’s money (your renters) paying the mortgage down. Even if your property is decreasing in value, you are still getting paid rent and that rent is paying down the mortgage, and the surplus after expenses are paid is hitting your pocket!

 

Control: As a shareholder of a company, you have no control over your investment. And, you never really know what’s happening behind closed doors. I don’t need to start naming the corporate disasters of the last decade like Nortel, Enron and WorldCom for you to really understand what I am saying! But with real estate you do have control! If electrical bills are too high you can change the light bulbs to more efficient ones, seal the windows, and take other measures to reduce the costs. If you are losing money, you will know it very quickly! And you will be able to take measures to improve this situation. With shares, what can you do if your shares in Nike drop 15%? You can sell more or you can buy more… that’s it.

 

Creative ways to make money. A simple stock investor has two ways to make money from stocks… appreciation in their value and dividends. I owned stock with dividends once. The $30 cheque once per year was incredibly rewarding.

Because you have control over your property, and there are three different ways to make money from the property, there are plenty of creative techniques to try to make more money from your asset. Some people rent out the garage separate from the house. In the right location, you could sell advertising space or just get price reductions on work done in exchange for some advertising (ever asked a painter what kind of discount you can get on their work if you put up one of their signs on your lawn??), you can add vending machines or laundry facilities, you can change the density of the property (add more units… more units means more rent), or you can change the usage of the property to sell it to someone who can make better use of it (if you are in a commercial area, an office developer might want to pay big bucks for a properly zoned property to develop on). There are dozens of ways to turn a simple house into a money making machine with creativity. The same can’t be said for stocks.

 

Access to the Equity without selling the asset. In the example of the $16,000 I used to buy my first investment property, I was holding most of that money in mutual funds and GIC’s. When I cashed out, I had to pay tax on the gains! So, while I actually had just under $20,000, after the government took their share, I only had $16,000. With real estate, when you need a chunk of cash, you can refinance a property or take out a secured line of credit against the equity you’ve built up in the property. This means that you get to continue making money from the rental income on that property AND someone else continues to pay down you mortgage AND if property values are appreciating, you will continue to have an appreciating asset AND you get the money you need – without taxes to pay too!

 

And speaking of taxes… real estate has a lot of tax advantages. Taxes vary by province and state so I won’t get into all of the different advantages… but suffice to say that there are plenty of opportunities to write off expenses against your income, write off the interest on your mortgages, and reduce capital gains taxes.
With so many reasons to love real estate, I haven’t been able to go back to the markets. It’s not to say you should do that too! Real estate isn’t a very liquid investment, and once you own it you still have work to do (unlike stocks). It’s a personal choice, but I know Martin, our money man, is wishing he’d never put his money in the hands of his trusted stock broker. Even in our absolute worst real estate investment we broke even…and in less then 2 months he lost 40% of his money…and worse for him is he lost a significant portion of the down payment he was going to use to buy the commercial property. Maybe some of the stocks will come back, but he’s afraid that a lot of his money is lost forever.