Time for Change… Renegade Style!

Yesterday we inaugurated the first Black American as President of the United States. Considering that 60 years ago Obama would have to drink out of a different water fountain than me, I find this historic event inspiring and it gives me hope for the future of America. Regardless of your political beliefs, President Obama’s inauguration speech calling for a new era of change was an eye opener. While I’m far from the world’s biggest Obama supporter (I’m a Ron Paul supporter), I found much of the President’s speech exciting and motivating at this particular juncture in our history.

As Americans we have one foot in the industrial age and one in the information age and neither foot knows what the other is doing! It seems at times that America is confused about what must be done moving forward.

“That we are in the midst of crisis is now well understood.”

While I agree that we are in a crisis, I believe that we have been in a financial crisis for a long time. The crisis I’m blogging about is the personal retirement crisis. Our parents and grandparents have prepared us for the world with tools that are no longer useful and practical. Without over simplifying the issue, we were raised to go to college and get a good job with benefits. While it is obvious to most now that a college education and a job just won’t cut it, we are still confused as a nation and people.

“But our time of standing pat, or protecting narrow interests and putting off unpleasant decisions- that time has surely past. Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America.”

The time of the defined benefit plan and employer sponsored retirement is OVER. The writing was on the wall in 1963 when the Studebaker automobile company terminated its employee pension program. Since then ERISA was passed in 1974 to enforce and regulate to some degree employee pension programs. As Americans we have seen this fail as well with ENRON, Adelphia Communications, World Com, TYCO, and Quest to mention just a few! The loss to defined benefit and defined contributions plans, YOUR RETIREMENT, was in the BILLIONS! Of course that pales in comparison to the Trillions lost in the recent mortgage crisis. This was real money from your retirement funds.

Now is the time to remake your retirement plan and take control over your future. While the switch from having someone else manage your retirement to you managing it can be a challenge, it is not as difficult as you think. If you don’t already have one, you need to start or convert your retirement into a Self Directed Roth IRA. I recommend Equity Trust Company because of their customer service and how easy they make every transaction for the new and seasoned investor. With a Self Directed Roth IRA you can invest your money in anything you want and all of your future gains and profit are tax free!

This does mean that you will have to analyze that stock, real estate deal, IPO offering, bonds, businesses, CDS and other investment opportunities but isn’t that the entire point? The evidence has shown that when your retirement is left up to the government or corporations, you lose.

What it means to be a Renegade Detroit Investor is personal responsibility for our investments and an aversion to mainstream thoughts and antiquated advice from so called financial advisers.

“What the cynics fail to understand is that the ground has shifted beneath them…. For the world has changed, and we must change with it.”

This is the Renegade Detroit Investors battle cry! You can whine and complain all you want but that is like trying to swim upstream. You cannot fight the change. The change is already here… and what are you going to do about it? Are you going to lie down and let corporate America swindle your retirement or submit to bigger government taxes in the allusion that social security will cover your needs?

“What is required of us now is a new era of responsibility – a recognition, on the part of every American, that we have duties to ourselves….”

You have a responsibility to yourself, your country, and ultimately to your children and grandchildren to embrace the change and prepare future generations to be financially independent of government and corporations.

“This is the price and the promise of citizenship.”

Make your life uncomfortable,
Jeremy Burgess
The Detroit Market Expert
Metro-Detroit Real Estate Business Group
Metro-Detroit Real Estate Blog
Detroit Real Estate
Detroit Cash Flow Properties – Free Report

[tags]obama, retirement, pension, ira, roth, investments[/tags]

Michigan Investment Opportunities in 2009

Here we are in January of 2009 in Michigan.  The auto industry, economy, and the real estate market are in turmoil, which is what makes 2009 the year you MUST take action in real estate.  Yes, you’re reading that correctly.  There is an unprecedented opportunity in real estate right now that we will not see in our lifetimes because we will not see the <insert cliche term “Perfect Storm”> of events that have occurred to get us to where we are right now.  Housing prices are lower than than they have been in decades (not even counting inflation) yet rental rates remain stable.

What happens when housing prices decrease while rental rates stay the same?  Let’s see, less invested capital for the same return.  That means your cash on cash return and your overall Return on Investment (ROI) is higher.

Why isn’t everyone rushing in to buy property in Southeast Michigan  right now, you may ask?  Well, there are plenty of buyers in the market right now buying investment properties.  My company, Urban Detroit Wholesalers, has sold properties to investors in many different states and have even garnered attention from overseas investors.  It seems to be fear and uncertainty that keeps many metro-Detroiters from moving ahead with investing.

All it takes is looking at the price of houses, the ability to rent, and the cash flow that you’ll receive. Even the most conservative investors can see that there are literally thousands of excellent deals to be had in Metro-Detroit. This market excites me and it makes me want to get others excited about the opportunities! Don’t be the one kicking yourself because you didn’t get involved.

I want YOU to take action. Yes, YOU. I don’t care if your investing in Detroit, Eastpointe, Redford, Saint Clair Shores, Grosse Pointe, Royal Oak, Oak Park, Southfield, Troy, Downriver or anywhere else in Michigan, you need to make a move.

If you don’t know where to start or you need excellent contacts, you need to make it a point to attend the next Renegade Detroit Investors Meeting.

Be a renegade,
Jared Pomranky
Metro-Detroit Real Estate & Entrepreneur Group
Metro-Detroit Real Estate Blog

[tags]metro-detroit, real estate, michigan, investments, opportunities[/tags]