I’ve previously written about my love for the game of Monopoly. Ever since I have been old enough to count, its been one of my favorite games. Whenever my buddies and I played I wanted to be both the banker and the property card-keeper; an ironic foreshadowing of my career as a combined mortgage broker and REALTOR. As it turns out, I’ve been playing banker and property card-keeper my entire life!
Love for Monopoly is hereditary
I was playing Monopoly Jr. with my son this week, and it reminded me of this 2011 blog post. Back then, I was helping a few brave clients purchase investment properties despite the bleak economic outlook. Things worked out quite well for that group of investors, as their investments have doubled in value over the last 5 years.
This summer, half of my team’s home buying clients were investors as expectations of Sacramento home prices are high. Combined with low levels of new home building, a flood of Bay Area money (check this article out) and some of the country’s fastest rising rental rates, Sacramento is an area many investors have honed in on.
Clients with the courage to own rental properties over the long-term amass great wealth as home prices rise, particularly in hot spot markets like Sacramento. My team has become experienced in helping clients make the leap to real estate investor. From hosting info seminars (remember this one!!??) to illustrating cash-flow analysis to having trustworthy connections with property managers and licensed contractors, we are a valuable resource to those looking to play real-life Monopoly.
As I said earlier, I’ve been doing this my entire life!
Matt Sundermier's Memos on Real Estate & on Life 