Now is the Time to Be a Creative Real Estate Investor
Why Real Estate? What do Creative Real Estate Investors have to gain? How about early retirement? How about a shorter work week with more pay? How about loads of money in the bank? Sound good? This is the perfect atmosphere in which to get started.
I'd like to discuss a couple of things with you. Defaults are at an all time high. People are spending way beyond their means and this is not only on their homes, but with credit cards and other forms of debt as well. We have the bank as well as the home owners to thank for that.
The lending practices in the United States have made it easy for anybody in any condition with any financial history to borrow money - in many cases more money than they could afford to pay back. So right now in the housing market, whether it is single-family homes, condos, or multi-family properties, there are more defaults, more foreclosures than ever before.
Want to talk about Short Sale opportunities? More and more banks are being required to take back homes. Also, more and more people are filing for bankruptcy. Freddie, Fannie and many other government-backed loans are going sour ever day.
The number of homes selling below market value is at an all time high. Because so many people are in a bind and can't sell their homes when they need to, it's a buyer's market. That means we have Motivated Sellers. With so many options, it should be much easier to find a profitable deal.
We have all heard this saying - "in real estate you make your money when you buy and get paid when you sell." You may put money in your pocket when you sell the property, but if you bought the property correctly, you have lots of money making options. But if you bought the property incorrectly, you may not have any options. So finding motivated sellers and properties below market value is the first goal while investing in real estate.
One huge plus of real estate investing is that people are always in need of a home, so there is always a market. Even in this bad market, you can find buyers, if you know how. Now that the banks arent lending as easily, it can be hard to find buyers who can find loans. If you use your mind and think outside the box, this isnt a problem. If you have the education and can be clever, you can be the bank and will be well compensated for your efforts. Can you offer seller financing on your properties? Can you sell to the non-traditional buyer?
Now that seems crazy doesn't it? If there are more properties than ever before and at better prices, and if there are more buyers, then why don't the buyers just buy those properties? The reality is in most cases they don't have the techniques that I told you about. So now that you know it can be done, it's time to start investing! - 23208
I'd like to discuss a couple of things with you. Defaults are at an all time high. People are spending way beyond their means and this is not only on their homes, but with credit cards and other forms of debt as well. We have the bank as well as the home owners to thank for that.
The lending practices in the United States have made it easy for anybody in any condition with any financial history to borrow money - in many cases more money than they could afford to pay back. So right now in the housing market, whether it is single-family homes, condos, or multi-family properties, there are more defaults, more foreclosures than ever before.
Want to talk about Short Sale opportunities? More and more banks are being required to take back homes. Also, more and more people are filing for bankruptcy. Freddie, Fannie and many other government-backed loans are going sour ever day.
The number of homes selling below market value is at an all time high. Because so many people are in a bind and can't sell their homes when they need to, it's a buyer's market. That means we have Motivated Sellers. With so many options, it should be much easier to find a profitable deal.
We have all heard this saying - "in real estate you make your money when you buy and get paid when you sell." You may put money in your pocket when you sell the property, but if you bought the property correctly, you have lots of money making options. But if you bought the property incorrectly, you may not have any options. So finding motivated sellers and properties below market value is the first goal while investing in real estate.
One huge plus of real estate investing is that people are always in need of a home, so there is always a market. Even in this bad market, you can find buyers, if you know how. Now that the banks arent lending as easily, it can be hard to find buyers who can find loans. If you use your mind and think outside the box, this isnt a problem. If you have the education and can be clever, you can be the bank and will be well compensated for your efforts. Can you offer seller financing on your properties? Can you sell to the non-traditional buyer?
Now that seems crazy doesn't it? If there are more properties than ever before and at better prices, and if there are more buyers, then why don't the buyers just buy those properties? The reality is in most cases they don't have the techniques that I told you about. So now that you know it can be done, it's time to start investing! - 23208
About the Author:
Before you get started, come check out Augie Byllott's Real Estate Investment Guide for Creative Property Investors.
posted by X - Men @ 3:02 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home