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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (44916)	10/11/2011 10:08:10 PM
From: E_K_S	Read Replies (1) of 78628

Hi Madharry - CEMEX, S.A.B. de C.V. (CX) I have not looked at CX in a long time. It's getting pretty cheap in price but I did not realize how much debt they have (over $15B). Way too much debt for me. I will pass on this one. ---------------------------------------------------------------------------------------------------- My 30 year mortgage is paid off March of next year and I have yet to load up my Home Equity Line (now available interest only at 3%). My plan is to pick up some rental properties, fixed them up and get them leased. I plan to eventually put 15 year fixed loans on them (3.65% from my Credit Union). I will keep just enough equity in the properties so they are cash flow positive. The Lowest Mortgage Rate ... Ever! By Rich Smith Posted 4:15PM 10/07/11 dailyfinance.com From the article:"...if you've got the balance sheet to work it -- might be to lock in a lower rate on your current home, then buy a second home at the same low rate. Rent out the first, and live in the second. Because even if people aren't buying houses, chances are they still want a roof over their heads. Today's low rates give you a great chance to play landlord....". It seems like the right time to nibble at investment rentals with mortgage rates at 50 year lows. I was a landlord in the early 90's during the S&L bail out. I sold the rentals after 5 years so I could focus full time on stocks. I made good money in the early 90's flipping foreclosures but it was a lot of physical work. I try to stay as liquid as possible. I set up my Home Equity credit line 4 years ago at the peak of the real estate market. Never used the line of credit, but it's nice to know that it is there. I have been waiting 20 years for this phase in the real estate cycle and now that I can buy properties at $0.50 on the dollar, the long wait may have been worth it. EKS

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