Friday, October 28, 2005

To invest or not to invest…

Do we buy investment property? Yes. Jen and I don’t know the stock market, and I know I will never make the PGA tour, plus our numbers are never picked in the Powerball. So, we have to buy investment property. We own five properties. One in Tucson, one in Denver, one in Thornton, one in Keystone and our house in Erie. We try to spread our investments out, not all in the same place. We looked into the California market, but think that market can only go one way, down. Now we have adjusted our sights towards Austin, Texas. I think that market is going to be the next hot area. A city you can still buy a nice size home, 2 car garage, for under $200,000. I would like to buy more sooner than later, but the other decision maker has not been convinced yet. I might have to persuade her with chocolate.