Home prices in our market continue to rise. Some experts think there may be a short term correction coming but most experts say that long term we are the next Seattle or Bay area. At the same time the stock market is taking some big hits.
Steve Deardorff at Holland Properties was a private client banker for J.P. Morgan Chase at one point in his career. He was a personal banker for very wealthy families and one thing that Steve observed was that most every client owned rental real estate and that it had a big influence on their level of wealth. This is part of what drove Steve to this industry and why he thinks it is so important to invest in real estate.
Have you spoken with your investment advisor or CPA about your investment portfolio? Is it balanced? What is a balanced portfolio? Are you stock heavy? Should you have more of your retirement in real property? Feel free to call Steve if you care to talk, 503-533-2121 x51
Mark Twain once said: “Buy land, they're not making it anymore.”
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