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Recently, I found a podcast that gives eight steps to help real estate investors reduce expenses.
Norm Berlin and Dusty Elias Kirk give great action plans/steps to reduce expenses. Visit http://www.pepperpodcasts.com/pepper_podcasts/2009/03/eight-steps-to-finding-real-estate-savings-in-a-tougheconomy.html to find out how you can reduce your expense by utilizing property tax appeals, lease back of unused space, life time exchanges, government incentive package, etc.
Consult an attorney or accountant in these economic downturn times to find ways to save money and reduce expense.
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When you have the government pump borrowed money into the economy, don’t forget that in the act of borrowing you are also withdrawing that same amount of money from the economy. $X in and at the same time $X out. You only improve things if the money withdrawn is put back in a more productive use than it would have been put by those who loaned the money– and sufficiently more productive to more than cover the interest bill for the borrowing. You can’t make the water rise in a swimming pool by taking buckets of water out of one end, and then dumping them back in at the other end.
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