Your Reality

It’s long been assumed that you must go cash broke to buy real estate. Putting 20 or 30 percent down on an investment property will do that to any average income.

MyREALTY™

While making a down payment of at least ten percent is highly recommended, you don’t have to deplete your cash reserves to do so. Most people shopping for property have a retirement plan. Did you know that you can rollover your existing IRAs or 401k to a self-directed IRA and use it to buy real estate? You can and without expensive tax penalties. Look up “self-directed IRA” online. You’ll be able to hang onto your cash and, with the volatility of the stock market, very well could be making a wise investment for your future.

Here the radio version.

What are foreclosures doing in your local market?
We ask you to write in and let us know - is it Hype or Reality?

Okay, so I'm checking out the list of top 10 foreclosure markets (here in the U.S.A, for all you Canadian viewers out there - sorry!) - and we've all heard the bad news.

Times are TOUGH out there folks...according to Business 2.0 magazine, it's like this for the Top 10 foreclosure cities:(2006 data)

1) Greeley, CO
2) Detroit, MI
3) Miami, FL
4) Indianapolis, IN
5) Fort Lauderdale, FL
6) Denver, CO
7) Dayton, OH
8) Dallas, TX (question - is it *really* Dallas?? Or more like Plano...?!)
9) Ft. Worth, TX (same comment as above)
10) Atlanta, GA

So, what we're wondering is this: We get all of this data from the 'experts' - what about the people? We want to hear from the Buyers, the Sellers, the Investors in the Local Markets - is it REALLY that bad? - and what's the impact been on your home town? -Are local businesses feeling the 'crunch'? - Are rents rising as homeowners fill up available units? - Has a dark cloud of depression been hanging over your neighborhood??

The part that is often 'missed' in the reports and statistics is the impact on families, businesses, etc. We'd like to hear from the local experts exactly what is happening in these and other markets as 'creative lending practices' and 'aggressive ARMs' topped with a changing economy and marketplace have created this massive shift in home ownership.

Come on folks, let's hear from you all. Agents, Brokers, Lenders - chime right on in, too. We know that you understand the market best of all.

If you haven't 'blogged' before - give it a shake - we think you'll LOVE it.

It's easy, and you are more than welcome to remain 'anonymous' too...of course, if you have some tremendous wisdom to share here, feel free to shamelessly pimp yourself to the Gazillion or so folks that visit MyREALTY.com to Buy, Sell, Invest, and Educate themselves every single day.

Thanks in advance folks - it's wonderful to hear from you - now... what say ye?!