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Real Estate Investors Take Cue from Warren Buffett at Upcoming Mobile Home and Mobile Home Park Investing Conference

Real Estate Investors Take Cue from Warren Buffett at Upcoming Mobile Home and Mobile Home Park Investing Conference











Mobile Home University


Austin, TX (PRWEB) February 20, 2008

Real estate investment professionals will want to reserve April 18-20, 2008 on their calendars. That weekend, many of the top names in mobile home investing will convene at the Sheraton Austin Hotel in downtown Austin, TX. Mobile Home Millions 6 will feature three full days of educational briefings, roundtable discussions and networking opportunities. In addition, attendees will be treated to workshops on self storage investing and on owner carryback financing. Real estate investors who would like to sign up for Mobile Home Millions 6 before the conference sells out can do so online at Mobile Home Millions 6.

The brainchild of MobileHomeUniversity.com, Mobile Home Millions was created to provide present and future real estate investors with unparalleled educational and networking opportunities in one of the most profitable real estate asset types: mobile homes and mobile home parks (also known as ‘manufactured home communities’). Currently in its sixth incarnation, this year’s Mobile Home Millions event will cover topics ranging from mobile home financing to manufactured home/land subdivisions to large mobile home park investing.

This year’s Mobile Home Millions roster of presenters will include a who’s who of mobile home and real estate investing gurus. Included on the bill are Steve Case, Corey Donaldson, Tony Colella, Scott St. Aubin, Dyches Boddiford, Pete Youngs, Jack Shea, Blake Donaldson and Steve Waite. The conference’s keynote speaker will be none other than the “father” of the used mobile home business, Lonnie Scruggs. Only super-investor Warren Buffett, himself, could make the agenda more enticing. Since 2003, the CEO of Berkshire Hathaway has invested billions in the manufactured housing industry. In just the last 5 years, Buffett has taken over the top spot in manufacturing, retailing, and lending of manufactured homes in the country.

One attendee of last year’s Mobile Home Millions conference, Greg Stayner, had this to say about the experience: “The seminar was the first one that I’ve been to that includes material that can be used on Monday morning. This is by far the best and most professional real estate conference that I’ve been to in 10 years.” James Maditz, another attendee, echoed his sentiments: “This is a must attend event for anyone considering investing in the mobile home park business or anyone in the business looking for help. The education that I received during the event was priceless…”.

If that feedback is any indication, seats to Mobile Home Millions 6 will sell out quickly, so early registration is encouraged. Registrants who sign up for the conference by March 31 will save over $ 195 on the price of admission, with free entry to the self storage and owner carryback financing workshops included.

To learn more about Mobile Home Millions 6 and its mobile home park investing cast of presenters, visit the conference detail page online at Mobile Home Millions 6.

About Mobile Home University: http://www.MobileHomeUniversity.com is the leading online Web site for mobile home and mobile home park investor education. It provides investors with the hard-hitting advice and information they need to succeed in the manufactured housing industry. Mobile Home University presents a full range of teleseminars, boot camps and live events, including Mobile Home Millions, now in its sixth year. Visitors to MobileHomeUniversity.com may access free manufactured home articles, an active mobile home forum and a topical and timely blog. In addition, they may opt in to a free mobile home park investor’s e-zine.

CONTACT INFORMATION:

Mobile Home University

(858) 964-0870

mhm6@mobilehomeuniversity.com

http://www.mobilehomeuniversity.com

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Related Warren Buffett Press Releases

Take

Take

Take

(1) A dealer or customer who agrees to buy at another dealer’s offered price is said to take that offer. (2) Also, Euro bankers speak of taking deposits rather than buying money.



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Bridge to the past: Young take up game

Bridge to the past: Young take up game
An unlikely scenario has unfolded in AP statistics classes at La Jolla and Chula Vista high schools: teenagers playing bridge and eagerly seeking tips from tutors as old as their grandparents.

Read more on San Diego Union-Tribune

We Need to Take Control of our Investments

In the wake of the financial crisis—when the stock market has fallen and risen as much as 900 points in a single day—a lot of folks are wondering what to do with their money.

Some people turn to U.S. Treasury bills and bonds, which have traditionally been viewed as the safest of investments because of their government guarantee. This “flight to safety,” at one point, drove the yield on the three-month U.S. Treasury bill down to 0% for the first time since January 1940. When you factor in inflation, the “real” return was below 0%—meaning investors were willing to lose money in exchange for a safe place to park their money.

Another alternative is literally stuffing cash under the mattress. On the surface, it doesn’t seem like a bad idea. Many bank accounts are now yielding as much as 3%, and the FDIC has raised its insurance ceiling on deposits. At the same time, the U.S. government has rolled out a temporary insurance program to prevent money market funds from “breaking the buck,” or falling below $1 per share.

But, cash won’t offer any returns, with consumer inflation hovering around 5% so far in 2008. Cash may not even let you break even.

There are always other options, such as commodities, real estate investment trusts (REITs) and even private equity funds. The problem is, these investments are hard to value, and difficult for individual investors like us to understand and invest in. And these investments are subject to the same economic pressures as everything else.

So, we return to what we know – stocks. Benjamin Graham (the godfather of value investing and Warren Buffett’s mentor) once wrote that when we’re challenged by an investment environment, we should “distill the secret sound of investment” into three words: margin of safety.

To Graham, staying within the margin of safety simply meant buying a stock only when it is worth more than its market price. How much more depends on the type of stock. For example, for a high-quality stock, you might want to pay a maximum of 90 percent of what you consider the stock’s actual value. But for a troubled stock, you might want a greater cushion, choosing to pay no more than 50 percent of what you consider the stock’s actual value.

Those are wise words in today’s market envrionment, when all stocks are down, but only some (such as banks) are fundamentally troubled. Indeed, earlier this year, as the market plummeted, Buffett announced that he considers the malaise a buying opportunity.

“To be sure, investors are right to be wary of highly leveraged entities or businesses in weak competitive positions,” Buffett wrote in an October 17 column in The New York Times. ” But fears regarding the long-term prosperity of the nation’s many sound companies make no sense. These businesses will indeed suffer earnings hiccups, as they always have. But most major companies will be setting new profit records 5, 10 and 20 years from now.”

History backs him up: the stock market has always gone up over the long run. From 1951 through 2007, the S&P 500 Index saw positive returns in 44 of 57 calendar years, according to Thomson Financial. At the end of 2007, its 25-year average annual return was 12.83%.

Sure, getting back into the markets now feels risky. But there’s also risk in doing nothing: Due to inflation, $100 left in the bank in a non-interest-bearing account will have a purchasing power of under $74 in 10 years, assuming a hypothetical 3% annual inflation.

The point is, the time to act will be coming soon. Whatever you do, don’t hide. It’s time for all of us to take control of our investments, stay informed, and be ready to pounce on opportunities. As Buffet said, “Be fearful when others are greedy, and be greedy when others are fearful.”

Steve Carpenter founded Cake Financial to help people take control of their investments. Want to learn more? Join Cake Financial today for free =>
http://www.cakefinancial.com