David Parker

Give yourself the Best Chance to Obtain the Best Return on your Investment!

I started in Real estate in the 1980's when interest rates were on the reise and finally ended up at 22%. Inflation was runing at 10 to 12% and buyers were putting no money down and betting on the inflation taking care of their investment. This went well until about 1988 when everything stopped and while the walls did not come tumbling down, many of the investments did.
Leverage was the name of the game at that time and was touted as the only way to invest. Use OPM (Other People's Money) and you will receive the highest return possible. Buy a property for $100,000 and in one year it will be worth $110,000. In five years it will be worth $150,000(using simple math) and with the no money down your return will be like infinity!
Tha game worked for a short time but when the bottom fell out many investors and Savings and Loan companies were scrambling. But they couldn't scramble fast enough and many closed up shop as they found they could not afford to pay the debt.
Real Estate is always going to go up and down in this capitalist society. Those who either guess correctly or are conservative in their investments are the ones who benefit in the long run.
In addition to real estate I have enjoyed traveling, not only in the US but abroad as well. In 2002 I was able to go with a group, The People to People Ambassadors, to Cuba for two weeks. I also find time to volunteer in my community in between scuba diving