Steve Presley

I just got back from a whirl wind trip to Florida to look at another very impressive condo conversion. My first thought was, wow I never had an apartment like this when I was young and renting. This is truly more like a condo resort with all the very nice amenities. Living in this location would be the perfect balance between the excitement of city life and having a tranquil place to call home. With its 400- acre preserve, hiking trails, 40 acres of lakes, all still with in a 10 minute drive of an international airport. Amenities include secure gated entrance, 7500 sq ft luxury clubhouse, business center, cardio-theater fitness center with aerobics classes, two resort style swimming pools, Jacuzzi with tropical landscaping and fog machine, summer screened in picnic porch with all the upscale cooking grills, tennis court, car detailing center, and recreational field.

 My initial due diligence is normally on the developer or seller of the project. In this case we have had a previous positive experience with the trust and developers. The principals that came together to structure this opportunity have more than 50 years of combined experience in the real estate market place. This team has been hired by Americas largest real estate developers and financial institutions because they are recognized as the industries most innovative experts to market properties with unique low entry hassle free ownership programs for real estate investors.

The project is located very nicely on the border of two major growth counties that have experienced huge growth in the recent two years. The actual property sets in the middle of a section of land that was undeveloped until three years ago. The majority of the construction in the area is relatively new giving the area a modern up scale look. Today there are two major food chain stores on both sides of the property both on the east and the west. There are two new Wal-Mart stores one a super center located to the east of the property along with new star bucks coffee shops and all the other chain restaurants and drug stores that always lead a growth market. Lockheed Martin and the corporate offices of Verizon wireless are major employers in the area. Housing in the area has a median home price of $248000. The median age in the area is 34 and there are colleges, leisure and culture activities including many local golf courses near by. You can enjoy a life less ordinary with elegant 1-2 and 3 bedroom condominiums with the pleasing combination of comfort and luxury. Standard features include: controlled building access, vaulted ceilings are available, direct building access to garages, monitored intrusion alarms, 9- foot ceilings, roman tubs, breakfast nooks, built in entertainment centers, wine racks, large screened patios, Private balconies, storage units are available and washer and dryer hook ups.

Over the course of the next few weeks I will be offering this opportunity to my valued client base. I see the project as having the necessary fundamentals to position our purchase for potential growth. Factors that have been used for this analysis include but was not limited to, job growth, migration factors, local city path of progress planning, new construction trends, small business growth, corporate relocation plans, building restriction codes, access to the area and tourism.

Look for our e-mail in the next few weeks as we structure a more detailed webinar presentation for this project.

www.stevepresley.com

A few weeks ago I flew to Orlando FL to review an investment opportunity.The one point that I was very impressed with was how I viewed the potential path of progress play .The path of progress is often determined early on in a citys development and continues for decades. If you are ahead of the path, you want to buy as early as possible and hold until the path reaches you and the area is fully developed. When the path has reached you and your area is becoming fully developed, its time to consider selling. There is a major high end project under development just one mile from the location of The Grand Reserve project which is the project I was reviewing. I spent the best part of a day going over the details of this project and its time line. Based on the time line of this project and its quality I concluded it has the potential to drive Quality traffic to the area. This path of progress point combined with the other three major local indicators, job growth, migration, and new construction rounded out my decision to pursue this project. I have a saying: gather the facts and make a fact based decision. Everyone understands no one has the crystal ball.
www.stevepresley.com

This week I am taking a much needed vacation with my wife and kids in Colorado on the mountain in Breckenridge. We have rented a large house on the mountain next to the ski slopes. We will be staying for two weeks. We normally take this same vacation for one week usually during the Christmas week due to the fact that our children have been in the typical school program and we would break and get away when they were out for the holidays. I’m sure most of you can relate. Not this year, back during the summer my wife approached me with the idea that she would home school our children. Talk about thinking out of the box. After several months of research we made the decision to home school our children and also be free of someone else’s schedule. I believe my children are now getting the focused education they deserve. This has been great, we have been to Florida to stay in our condo on the beach during times we could have never before on the former school system schedule and now we are in Colorado having a great time making memories my boys will never forget. Over and over I see people get into the rut of tracking with the neighbors, or going through life doing it like everyone else is. This is the case for friends I have as I watch them grow old; they are in a comfortable rut. I love them to death, but they choose to do things every year just like they did it the year before and like they have been doing it for the last 50 years.
I woke up this morning still in bed and grabbed the remote control for the electric blinds. As they opened in front of me through the 12 by 24 window I saw the mountains at 12000 ft, the sun shining and the snow falling. All this because 15 years ago I started investing in preconstruction real estate and have been able over the years to think out of the box. Preconstruction real estate is about controlling real estate not owning real estate. Consider purchasing a $500k property in a market that is appreciating at 15% per year with only $50k. That’s leverage at its best.

As I take vacation in the mountains over the next few weeks we have friends and business partners coming and going at different times to share the snow and the sights with us. There will be discussions ranging from family to the million dollar question: When will we see the bottom of this real estate market?
I often find vacation a time when I reflect on this past year and start to try and think out side the box as I formulate my ideas for next years goals. Back to the million dollar question, when will we see the bottom of this real estate market? I believe we are only going to see the bottom of this market in our rear view mirror. Most investors will wait until the next stage of the real estate cycle to start investing again and will miss the bottom of this market. Real estate investments should be made with a four year plan in place to ride the market based on good fact based decisions about the fundamentals in the market you are investing in. I believe from a macro view the world indicators like interest rates, weather, stock market, current fed rates and others that impact real estate on a grand scale will only set the stage for primary markets to flourish. I am currently focusing on isolated markets that have strong fundamental bases with long term growth plans in tact. The smart money is getting back into the real estate market now while there are buyers market terms available.

Steve Presley
Stevepresley.com

Its goes with out saying that the key to good real estate investing is in the analysis of the market cycles. Then you have to be able to link to great recourses to supply detailed data. In a recent blog I wrote titled looking in the rear view mirror I made the point that most investors will miss the bottom of this new real estate market because of the lack of education about expansion, equilibrium, decline, and absorption.
Follow this link to some great data about the status of our current market. view link

www.stevepresley.com

But first: can you remember what your parents paid for the house you were raised in vs what its worth today? … is this not a great lesson we have learned? The better question is are we using what we have learned?

First, we survived being born to mothers who smoked and/or drank while they were pregnant.
They took aspirin, ate blue cheese dressing, tuna from a can, and didn’t get tested for diabetes.

Then after that trauma, we were put to sleep on our tummies in baby cribs covered with bright colored lead-based paints.

We had no childproof lids on medicine bottles, doors or cabinets and when we rode our bikes, we had no helmets, not to mention, the risks we took hitchhiking.

As infants & children, we would ride in cars with no car seats, booster seats, seat belts or air bags. Riding in the back of a pick up on a warm day was always a special treat.

We drank water from the garden hose and NOT from a bottle. We shared one soft drink with four friends, from one bottle and NO ONE actually died from this.

We ate cupcakes, white bread and real butter and drank koolade made with sugar, but we weren’t overweight because.

WE WERE ALWAYS OUTSIDE PLAYING!

We would leave home in the morning and play all day, as long as we were back when the streetlights came on.

No one was able to reach us all day.

And we were O.K.

We would spend hours building our go-carts out of scraps and then ride down
the hill, only to find out we forgot the brakes. After running into the bushes a few times, we learned to solve the problem.

We did not have Playstations, Nintendo’s, X-boxes, no video games at all, no 150 channels on cable, no video movies or DVD’s, no surround-sound, CD’s or Ipods, no cell! phones!, no personal computers , no Internet or chat rooms…
WE HAD FRIENDS and we went outside and found them!

We fell out of trees, got cut, broke bones and teeth and there were no lawsuits from these accidents.

We ate worms and mud pies made from dirt, and the worms did not live in us forever.

We were given BB guns for our 10th birthdays,

made up games with sticks and tennis balls and, although we were told it would happen, we did not put out very many eyes.

We rode bikes or walked to a friend’s house and knocked on the door or rang
the bell, or just walked in and talked to them!

Little League had tryouts and not everyone made the team. Those who didn’t had to learn to deal with disappointment. Imagine that!!

The idea of a parent bailing us out if we broke the law was unheard of.

They actually sided with the law!

These generations have produced some of the best risk-takers, problem solvers and inventors ever!

The past 50 years have been an explosion of innovation and new ideas.

We had freedom, failure, success and responsibility, and we learned

HOW TO

DEAL WITH IT ALL!

If YOU are one of them . . CONGRATULATIONS!

You might want to share this with others who have had the luck to grow up as
kids, before the lawyers and the government regulated so much of our lives for our own good

And while you are at it, forward it to your kids so they will know how brave (and lucky) their parents were.

Kind of makes you want to run through the house with scissors, doesn’t it?!

When I was 12 my parents purchased a 3 bedroom house for $23000 and today it is worth over $250000. SO again the question is do we believe history repeats its self?

- Steve

A few weeks ago I flew to Orlando FL to review a real estate investment opportunity. The one point that I was very impressed with was how I viewed the potential path of progress play .The path of progress is often determined early on in a city’s development and continues for decades. If you are ahead of the path, you want to buy as early as possible and hold until the path reaches you and the area is fully developed. When the path has reached you and your area is becoming fully developed, its time to consider selling.

There is a major high end project under development just one mile from the location of The Grand Reserve project which is the project I was reviewing. I spent the best part of a day going over the details of this project and its time line. Based on the time line of this project and its quality I concluded it has the potential to drive quality traffic to the area. This path of progress point combined with the other three major local indicators, job growth, migration, and new construction rounded out my decision to pursue this project.

I have a saying: gather the facts and make a fact based decision. Everyone understands no one has the crystal ball.

- Steve