With corporate greed and corruption now the order of the day at Wall Street, and Chief Executive Officers (CEOs) that are more eager to collect multi million dollars in bonus checks than to secure Investors and Shareholders interests and returns on their investments, one has to ask these valid questions especially after what we witnessed recently with Lehman Brothers, Merril Lynch, Bear Stearn, AIG, etc: Are we better off saving our hard earned money under our mattresses as our grand parents did many years ago? Who can we trust today with our money? What is the safest investment with minimal risks?
I think I have some of the answers to those questions. One of the best recession proof investments to get into is Prime Income Properties, namely, commercial developments along with Mobile Homes, Self Storage, Assisted Living, Retail Shopping Centers and Strip Malls, RV Park, 5 plus Units Apartment buildings, and lands. Commercial development is where you can accomplish wealth without a lot of money or credit. One of the best ways to deal with properties is to lease it, do not buy it! Then you get new management, fill vacancies, create lots of value and exercise option to buy cheap.
Land acquisition tops it all. As my late father once said, "lands do not rot, and it can withstand any hurricane, tornado, flood, etc." The land will still be there. There are three (3) types of lands with respect to Zoning, namely: Agricultural, Commercial and Residential. Make sure you know what type of land you buy. You can change zoning by consulting with your local municipal agencies. The best way to profit from lands is to carve larger parcels into smaller parcels or lots. Then get plans approved and develop it.
The profit potential is great with respect to lands and commercial developments. The top 1 per cent deal on real estate investment today is to buy below market value. Get great terms and huge upside. You can find deals via the Internet, Brokers, letters, etc. Evaluate deals, structure and negotiate financing, market and sell the deal. Let me remind you that knowledge is not power. The utilization of knowledge is power. Or better yet, applied knowledge is power.
Let me conclude by saying that we are living in tough economic times and you should be very careful and cautious where you invest for your future. The economy is in crisis and chaos as the financial crisis escalates. The federal government of the United States is ready to take unprecedented action with a massive bailout of over 800 billion dollars that will cost the American tax payers in the long run. Henry Paulson, Treasury Secretary of the United States along with President Bush are trying to calm fears, but not until the SEC and federal government regulate these criminals who masquerade on Wall Street dressed in suits and ties, we have all reasons to fear where we invest. Invest wisely, save, save, save! No time to buy fancy cars, jewelry and clothes now, think of real property investment.
