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	<title>Financially Free Real Estate Investor &#187; real estate market</title>
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		<title>Is now a good time to buy rental properties?</title>
		<link>http://www.financiallyfreelandlord.com/is-now-a-good-time-to-buy-rental-properties/</link>
		<comments>http://www.financiallyfreelandlord.com/is-now-a-good-time-to-buy-rental-properties/#comments</comments>
		<pubDate>Fri, 13 Nov 2009 05:03:37 +0000</pubDate>
		<dc:creator>Scott Nachatilo</dc:creator>
				<category><![CDATA[Blog Categories]]></category>
		<category><![CDATA[Buying Properties]]></category>
		<category><![CDATA[real estate market]]></category>
		<category><![CDATA[rental properties]]></category>

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		<description><![CDATA[Question:  &#8220;Is now a good time to buy rental properties?  How do you see the real estate market?
Answer:  &#8220;To answer that, I’d like you to take a look this video of Steve Jobs in a 1984 video launching the Apple Macintosh.

I love the memories that came up of actually using the Mac [...]]]></description>
			<content:encoded><![CDATA[<p>Question:  &#8220;Is now a good time to buy rental properties?  How do you see the real estate market?</p>
<p>Answer:  &#8220;To answer that, I’d like you to take a look this video of Steve Jobs in a 1984 video launching the Apple Macintosh.<br />
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I love the memories that came up of actually using the Mac to do stuff.  It was an incredible tool for its time.<br />
About five years from that launch, the internet was just getting off the ground.<br />
The point is that in 1984, the personal computer was just a novelty to most.  Most people didn’t see its potential.  But some did.<br />
Five years from now, we&#8217;re going to look back to 2009 and say to ourselves, &#8220;boy I wish I bought more properties back in the good times.  Look at the deals I passed up back in 2008, 2009, etc.”  The market is going to be taking a turn, and it’s going to start moving up within perhaps a year or two.<br />
Robert Elder and I are voting with both feet and all my money.  The trick is having the systems set up to keep adding more and more properties to your holdings.<br />
The following are 5 keys to being able to consistently adding cash flow properties to your holdings over the next few years:<br />
1) You need to have a source of financing to fund the purchases.  This means that you want to use other people’s money – not your own.  When you use your own money, it quickly runs out.<br />
2) You need to have a reliable system for managing these properties that keeps your vacancy and maintenance low.  You need to have a stable cash flow so that your rents cover your mortgage payments and all your expenses.<br />
3) You need to have a system for finding great deals.  When you buy lots of built-in equity, you can buy more properties because you can leverage your equity into buying more and more properties.<br />
You can learn more about all of these three keys in my newest course.  But no matter what you do, don’t stay on the sidelines.  Buy some real estate – you’ll be glad you did.  </p>
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