Real Estate + Technology + Business
Posts tagged investing
Undervalued Investment Areas
Mar 15th
CNN/Money ranks the most over and under valued areas for real estate in the country. 8 of the top 10 most undervalued areas are in Texas.
| Killeen | TX | $98,100 | -12.20% |
| Abilene | TX | $69,900 | -12.40% |
| Beaumont | TX | $72,200 | -12.70% |
| Memphis | TN-MS-AR | $105,800 | -13.00% |
| Montgomery | AL | $103,000 | -13.40% |
| Houston | TX | $107,900 | -16.50% |
| Fort Worth | TX | $105,500 | -17.30% |
| El Paso | TX | $88,900 | -17.90% |
| Dallas | TX | $127,900 | -18.50% |
| College Station-Bryan | TX | $94,400 | -22.70% |
For those of you who invest nationwide, Texas is looking very attractive!
The most OVER-valued areas in the US (again according to CNN/Money) are:
| Metro | State | Median price |
% over/ undervalued |
| Naples | FL | $367,100 | 96.30% |
| Merced | CA | $287,000 | 86.20% |
| Salinas | CA | $611,200 | 83.80% |
| Stockton | CA | $339,800 | 79.50% |
| Madera | CA | $290,100 | 77.00% |
| Santa Barbara | CA | $638,000 | 76.70% |
| Port St. Lucie-Fort Pierce | FL | $233,900 | 75.00% |
| Riverside-San Bernardino | CA | $320,600 | 72.90% |
| Modesto | CA | $317,500 | 72.30% |
| Medford | OR | $268,400 | 69.70% |
Looks like the smart money is moving out of the coastal states of California and Florida!
Do you have a plan?
Jul 12th
“Where there is no vision, the people perish” – Proverbs 29:18
Real estate investing, just like everything else in life requires a plan. You can not float through it without a set path and expect to be successful.
This is more then just “I want to make a million dollars buying houses”. This is a methodical step-by-step plan that starts with a vision (perhaps the statement above) and is boiled down to the detailed elements of your daily tasks.
Your plan should answer the WHAT, HOW, WHEN, and WHY of everything you do.
Investing is NOT complex. Most people fail because they meander along aimlessly for a period of time with short bursts of activity.
If you have a well thought out plan, with clear defined goals, and you execute that plan in a consistent manner with perseverance I guarantee that you will be successful. Use this simple formula and “all your your wildest dreams come true”. (This is worth 100 times more then any money you’ll give to a late night “guru” – and it’s free!)