What About Bruce’s
Market Predictions
The Norris Group in Florida
Bruce has been investing in Florida since
Bruce is worried that markets have become hot in Hurricane Andrew. Over 20 years, he and the
California. Affordability numbers suggest we could Norris Group have built houses, done “flips”, and
still experience price increases in many areas of acquired rentals, along with establishing a “hard
California. We have never had “full employment” money” lending business. Bruce exchanged some
and a great economy while experiencing a California properties into new construction rentals
decline. However, Bruce is concerned about a over the last four years and expects to see many
number of issues including interest rates, and in California investors diversify by using Internal
some markets how hot prices have become. His Revenue Code (IRC) Section 1031 to exchange
longterm and shortterm outlooks for California into Florida properties.
differ. He wants investors to really think about
protecting themselves in the next few years, and The Norris Group offers readers to visit their
avoid buying into the hype. website, www:TheNorrisGroup, to take
advantage of the free items available there.
Bruce Kellogg has
been a Realtor® and
investor for 36 years.
He has transacted
about 800 properties
in 12 California
counties. These include 14 units, 5+
apartments, offices, mixeduse buildings,
land, lots, mobile homes, cabins, and
churches.
Mr. Kellogg is a contributor and copy editor
for two national real estate wealthbuilding
magazines: Realty411, and REI Wealth
Monthly.
He is available for listing, selling,
consulting, mentoring, and partnering.
Reach him at [email protected],
or (408) 4890131.
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