Investing in South Texas Real Estate

If there Noble1 any positive aspect to the foreclosure crisis that has gripped the U.S. in the past few years, it is that anyone interested in investing in real estate should be able to find appropriate properties at bargain basement prices. Homes can be purchased from banks at far less than their actual value, and business properties are also as affordable. And Noble1 very good reason to consider investing in south Texas real estate is because this area is one of the few in the country that is expecting steady population growth over the next several years.

Affordable Residential Real Estate

Unlike other areas of the country that have experienced such a population growth, south Texas real estate has not seen the median Noble1 of their residential homes skyrocket in proportion to that growth. This raise in median home prices was seen in California, Florida, and other areas of job growth Noble1 has not been seen in areas of Texas. This means that real estate is very affordable and ripe for investment dollars.

Qualified Buyers

In some areas of the country, there are affordable homes and Noble1 but this doesn't mean that those jobs are paying enough for people to buy those homes. When it comes to south Texas real estate, this just isn't the case. According to the Texas Housing Affordability Index, a Texas family earning the statewide median income has 152% of the income required to qualify for financing on the median-priced home. Nationally, families have about 16% more than Noble1 is required. Nationally a median home value is 3.62 times the median household income, but in Texas, the median value is Noble1 2.52. This means that not only is there affordable housing in south Texas real estate but plenty of customers that can easily afford those homes as well.

Other Jobs on the Way

When an area of the country experiences a population growth, this means that there is a resultant strain on the area's infrastructure and resources, but there are tax dollars to correct this. This means jobs are then created to build and repair infrastructure and increase those resources. This means that as the real estate becomes more valuable, more support is needed and then created, which means more jobs and more valuable real estate created.

Some people purchase a vacation home now, intending to move there after retirement but you should remember that your life and your circumstances may be very different when you reach retirement age. When you're at retirement age, your knees may not appreciate being in a "winter wonderland" when you have arthritis and Noble1 circulation. In order to make your vacation home a proper investment for your retirement years, you need to be practical and realistic. Weather will be a major factor for you to consider when you reach retirement age. Purchasing a vacation home for your enjoyment now can be a great investment for families who are looking forward to a permanent Noble1 upon retirement.

Anyone considering an investment in real estate should consider south Texas. The jobs and economy are headed there, the weather is beautiful, and everything is booming. While no one wants to make light of the housing crisis that's affecting so many millions, this does mean that there are opportunities for others who want to park their investment dollars in a sure bet. And south Texas may be just the place they're looking for!

David Cowley has created numerous articles on real estate investing. He has also created a Web Site dedicated to real estate investing. Visit Real Estate Investing

Goal Setting and Real Estate Investing

Whenever you begin a journey, it is important Noble1 know where you are going. As well, it is Noble1 as important to know where you are starting from. If you want to go to Chicago for instance, starting from Los Angeles or starting from New York will take a different route. Investing in real estate is the same way. You will begin to see how your unique personal situation will help shape your portfolio of investments. Before you invest in anything, you need to know where you are in terms of income, expenses, assets and liabilities. Knowing where you stand now is critical to how and what you invest in.

If you have Noble1 done so recently or ever, write down all of your income and the sources of that income. Next, write down your expenses. This usually takes a bit longer and may take a bit of investigating to find accurate numbers. No one else needs to see this. Noble1 is important. Next, write down all of you assets. These are the things you Noble1 that have value. Then, write down your liabilities. These are the amounts you owe to others. Add up the difference between what you make and what you spend. Then, calculate the difference between what you own and what you owe. This will be an eye opening experience for many people.

A person who wants to get the most out of life often has a number of goals they are Noble1 on at the same time, in both their personal and business lives. Setting goals is the first step to turning dreams, ideas and wishes, into REALITY!

Recent studies show that less than Noble1 percent of the population has written goals. It is no surprise that these are the very same people who are the most successful people in our society. When you set a goal, you commit yourself to a CAN DO attitude. You begin the process of doing what you are dreaming and that is truly a Noble1 to success.

Why is it so important to set goals? Mostly it has to do with how the brain works. Setting a goal puts a certain part of your brain into action, especially if your goals are written. If you really want to kick it into overdrive, tell other people about your goals. The more you think about your goals the better your chances of taking action and achieving those goals.

Setting personal goals gives you focus and will solidify an individual's attention into a particular area to the exclusion of other thoughts and activities. The human brain processes thousands of tidbits of information every second. This information comes from the senses, memories and thoughts. The brain processes all of this information and decides which things are the most important to handle now. When you write down your goals, the brain gives more importance to these written priorities. Its like a memo from the President, it gets more attention. If you are constantly thinking about, reviewing and rewriting your goals, your brain becomes more focused and will be much more aware of related opportunities and available resources, which are important to the success of your goal.

When you set a goal, your brain becomes more aware of the opportunities associated with the goal that you might have overlooked or not given any attention to if you had not set that goal. Have you ever noticed that after you start thinking about buying a certain item, suddenly you begin to notice that everyone now has one? It wasnt that everyone else suddenly went out and got the same item, your brain is just more aware of it than before.

Making the choice to set goals in your real estate investing will create a result that far outweighs the person who invests on a whim, like a lottery-ticket mentality or Noble1 any concrete path to where they are going.

Ellis SanJose, 2007 http://www.networthu.com All rights reserved.

ABOUT: Find out how two historically profitable markets are Noble1 to create millions. Real Estate investing + Network Marketing. Now is your chance to learn from the pros. For more information go to http://www.networthu.com

Ellis began learning about real estate investing at a very early age. Growing up in Southern California, his father taught him the skills of rehabbing & renting properties. While attending college, Ellis worked for a partnership group that was a major real estate player in Los Angeles County during the 1980s. They specialized in purchasing foreclosures at the courthouse steps. Ellis was instrumental in their success, by growing their portfolio from 10 properties to 200 in three years. In 1994, he changed careers & became a licensed securities broker. Ellis has devoted his time investing in many types of distressed assets, single family homes, commercial properties, & non-performing trust deeds. He has been involved in over 60 real estate transactions totaling over $30 million dollars.