Spent Some Time At Project Brookside & Other Vizion Updates.

Looks like Project Brookside is moving along swiftly I spent roughly and hour at the property today with a few other members of Vizion,   @mightywaldo explained to us his rehab plans in great detail so that everyone would know what was going on.  This house is being done for an investor in California and it is his first property with Vizion. I’m sure that after this property is completed our California investor will want to do several more homes. All the other investor want to.

$85 Billion Bailout for AIG

Well to be honest I did not see this coming. Its getting scary out there. I still think that the market will hold until after the election but after the election is done with and Obama is in office. The Market will Crash. I mean Crash. Not sure how to explain that better. Take this quote for instance from Don on Active Rain.

“People are now comparing current events to the last depression so what does the 1929 stock market chart say will happen now. The 1929 chart says that the stock market will NOW crash…We have just read that there is great concern Goldman Sachs may go under caused by a proliferation of failing banks. Henery Paulson, the current Secretary Of The Treasury came from Goldman Sachs.”

On the plus side if you have the money I would recommend buying up rental property. Maybe even apartment complexes. People will not be able to get financed to buy a house soon. Maybe some people in the higher up markets 200k+ but I’m not even sure about them. Vacancies are going to fall through the floor. Its going to get tough to find a place to rent . If you own those properties you will be making steady cash flow each month. That will be a major plus since unemployment will go through the ceiling.

“The Federal Reserve said Tuesday night it would lend up to $85 billion to flailing insurance giant American International Group, saying the move was necessary to protect the financial system.”

You Can Read the whole article here.

You Can Read Don’s blog here.

Vizionkc.com

– Justin of Vizionkc