Enough bargins to drive my husband crazy!

Ok - anyone who knows me well knows I have an obsession with buying bargins.

The bug hits me everywhere.  I just bought out East Side Eden which is going out of business (another absolutely wonderful retail store bites the dust prematurely)...but the owner Alex, gave me permission to be a vulture since I have spent many a retail dollar there in the past. So I swooped in for bargins - holiday presents, birthday gifts, small and inexpensive "treats" for me.  I already have some of these wrapped up, in shipping boxes and ready to send December 1.  I know Chris loves this about me and absolutely finds it maddening and a bit compulsive. I also know that deep down, he finds it finacially prudent.

So why am I telling you this?  Well, I am a big believer in Warren Buffet (I am reading his biography, The Snowball right now) and the basic tenent of his investing philosophy is to buy quality products when they are "on sale" or "out of favor" and hold. He's just about our most successful investor ever, so why not follow his advice?

If I had more available cash, which I do not, I would be buying real estate now. Why?  BECAUSE IT IS ON SALE!

I'm a long-term investor, not a speculator. Real estate on the East Side, has NOT been drastically affected by foreclosures, save for some multifamilies in Mt. Hope.  Ok, we have a bit of a downturn, and I have to say that the lack of new economic jobs in the state does worry me, but the East Side real estate market is QUALITY. We have a limited inventory and we know that new construction and land is hard to find on the East Side.  We have a blue chip product here.  And, it is on SALE. 

To me, and following my hero, Warren Buffet, this is a buying signal.  Interest rates are still low and if you have good credit, getting a loan is not as hard as you think.

So if I had cash, what would I buy?

Single families in good locations that need a bit of work that I can do cheaply. I'd also buy multifamilies in good locations if they would cash flow. I would not be interested in a condo, except if I were to live there and could get it at a low price that would save me from paying a landlord rent.

All of this bargin shopping will drive my husband Chris absolutely crazy. He'll thank me though when we don't have a run up of bills holiday time because I have already taken advantage of the bargins, and have them wrapped up, signed, sealed and delivered or growing at a nice pace one day, adding dollars to our holiday shopping budget.

Now, I just wish I had a little more cash to add to that Holiday real estate shopping list........

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