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Sunday, November 4, 2007

Real Estate: Repositioning your real estate – Is it time to turn on the cash?



We live in perhaps the most desirable place on the planet
Real Estate: Repositioning your real estate Is it time to turn on the cash?
We live in perhaps the most desirable place on the planet. And yes, many of us living in the North Bay have had the tremendous foresight ? all right, we got lucky ? to buy local real estate years ago. For some, it?s our principal residence, but for others, it?s multiple single-family residences, or SFRs, and other types of investment properties as well. The great news is that our North Bay real estate, especially SFRs, bought at least five years ago have enjoyed substantial appreciation. As I reflect on our firms? many client stories over the years, my informal survey suggests that their local real estate investments have contributed as much or more to increase family net worth than any other asset category. Patient real estate investing is very strongly correlated with long-term financial success.