Real Estate Thoughts

Discrimination and Real Estate: What Do You Do? – Posted on my Active Rain blog.

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Top 4 reasons to own income property:

1. Cash flow before taxes
2. Principal reduction
3. Depreciation
4. Appreciation

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We’ve had so much rain in Kansas City that my basement flooded for the first time. That has been a real delight to deal with!

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True story: I am helping some client buyers purchase a home. During escrow the home gets the air conditioner condenser coil stolen and the deal is falling apart because the seller says it’s my buyer’s responsibility! So I send over my AC guy and he finds out here are even more problems with the ac/heat than we were initially led to believe. And the seller wants us to pay for that, too! We’re done.

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Next 4 reasons to own investment property:

1. Tried and true wealth building
2. Secure a retirement worth having
3. Provide safe/affordable housing
4. Create a hedge against losing main source of income

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If we have the technology and, in fact, the technology is in use…why isn’t it more widespread? Natural gas powered cars are cleaner and cheaper to operate. Hmmm.