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What selling investments Homes and the Dust Bowl have in common
April 5th, 2007 10:57 PM
That was a provocative title. What does it mean? Besides learning to plant trees for wind breaks, the 1930's taught agriculture in Oklahoma to not overuse the soil. If you plant in the same field over and over, eventually the nitrogen in the soil will get sapped, and the crops become weaker and weaker. What this has to do with investment homes is that like rotating the fields and leaving some fallow for a season, one has to be careful about over selling a neighborhood, or an area. Last year, I did not sell but a few homes in Edmond and Deer Creek Schools becasue other investors were not paying attention to this rule. So we sold elsewhere. Now Deer Creek and Edmond Schools have terrific opportunities becasue the rents have been maintained by laying low for a year. We will keep rotating to different suburbs, as well as switching gears into condos, townhomes, and different types of rental pools. We also will be offering some commericial opportunities this year.      

Posted by Joe Pryor on April 5th, 2007 10:57 PMPost a Comment (0)

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