Real Estate Blog for the Golden Isles of GA including St. Simons Island, Jekyll Island, Sea Island, and Brunswick, GA.

St. Simons Island, Georgia

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Real Estate Blog for the Golden Isles of GA including St. Simons Island, Jekyll Island, Sea Island, and Brunswick, GA.

If Only we had a Crystal Ball!

Oct. 5, 2007

Categorized in: Investing in Real Estate

Tagged with: glynn county, growth, invest, southeast ga

Tell me the future . . .

How do we foresee market changes and trends? Certainly nobody has the definite bead on what's ahead and how variables can impact the final result, but trying to recognize growth and current dynamics in a given area is possible.

In our area, we are still experiencing so much development throughout the county even though the real estate sales are down somewhat from this time last year. With the recent dredging done to enhance our channel depth, the Port of Brunswick is deemed to be the fastest growing port in North America. New schools have opened to accommodate the student's growing numbers with even more school sites in the planning stages for the near future. The Jekyll Island Authority's plan to enhance amenities and lodging choices for our guests has everyone very excited about putting our lovely Jekyll back on the map as a convention choice and destination for more guests. If you care to read about the development plans on the table go to www.rediscoverjekyll.com to review. (Thanks to Brian Brodrick for providing that link!) New shopping and dining choices have sprung all over the county, particularly close to exits off I-95. New subdivision communities have given homeowners choices in starter home price points up to upscale areas with high-end features.

All in all, the outlook for Glynn County's future still looks bright. If you have any specific questions or interests regarding the Golden Isles of Georgia, I would be very pleased to attempt to help you.

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Invest in Real Estate Now???

Feb. 11, 2007

Categorized in: Investing in Real Estate

Tagged with: invest, maket, rental

I spent Friday afternoon with a young investor. He had been referred to me after an appraiser told him he really needed to have a buyer's agent. I love his enthusiasm, and respect the fact that he is getting into real estate at such a young age - not your average young man!

"Invest in real estate now?" you might ask. Well, to borrow some of an article in the March 2007 Smart Money magazine: "Invest in rental housing? Now? With real estate headlines these days ranging from sober to apocalyptic, using 'invest' and 'housing' in the same sentence can get you some funny looks around the water cooler. But rental market fundamentals are surprisingly sound. For one thing, rents have fallen behind sales prices in recent years and have some catching up to do. Even better, the National Association of Homebuilders expects 1.5 million new households to form each year through 2015, many created by immigrants and twentysomethings - the folks most likely to rent."

And, the market for buyers is better here than it has been in awhile. We are an area that expects massive growth due to baby boomers retiring, and our reputation is growing as one of the best places in America to live. So perhaps a better question would be, "Why not invest in real estate now?" How many people wish that they had taken that money that they put in the stock market in the 90's and put it in real estate instead. (That's my hand you see high in the air!)

But it's never too early, or too late for that matter. As I always say, the best deal you get in real estate is the one you make today. I'll keep an eye on this young man's portfolio. Let's hope he does well, as he's getting married this spring. (Congratulations Walter and Nettie!)

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3 Day Asset Protection and Wealth Development Seminar

Aug. 16, 2006

Categorized in: Investing in Real Estate

Tagged with: asset, creation, invest, management, wealth

I just returned from a 3-day asset protection and wealth development seminar. Did you know that more wealth has been created through real estate investing that through any other avenues? Donald Trump? Real estate! John D. Rockefeller? Real Estate! But investing in real estate is not a simple procedure.

As I read the Rich Dad/Poor Dad series, one thing that popped out to me as a key to wealth development is being able to know the difference between a liability and an asset. If you purchase a new car, that's a liability because the car will lose value as soon as you drive it off the lot, and will continue to lose value until it zeros out. But on the other hand, if you buy a lot, that's an asset because the theory is that it will continue to increase in value. But in our society, which is more glamorous? Hmmm....

This seminar focused on protecting assets from lawsuits and taxes, while at the same time, creating wealth - not an easy task! Question::

1) if you have 1 penny and it doubles in value every day for 30 days, how much money would you have after 30 days?

Answer: $5,368,709

BUT,

2) if you had 1 penny and it doubled every day for 30 days, and you paid 15% tax on the growth each day, how much money would you have after 30 days?

Answer: $559,732!!!

So, do you think it matters to watch your pennies??? I LOVE this stuff! I could go on and on, but in the interest of time, I'll stop now. If I've encouraged even one person to think about the future, I'm a success! I know you're not counting on Social (In-)Security in your old age!