What is so special about real estate as an investment vehicle, as a way to get wealthy, as a way to create passive income and retire young and rich? Why is this market so different? Why is this an advantage to the creative real estate investor?
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.
Never in our lifetime have we had so many delinquent home loans. Why did this all happen? Consumers have taken on way too much personal debt, especially with their credit cards. The banks also gave way too much money to the wrong people. Now we have our real estate crisis.
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.
What all the data is telling us is that there are more properties available at below market prices than ever before. It is telling us that because there are so many people in trouble, it is easier to find Motivated Sellers. It is easier for you to perform profitable transactions!
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.
A great advantage of investing in real estate is simply that there are plenty of buyers out there and more coming every day if you know how to locate, prescreen and close them. Unfortunately the credit crunch is making it difficult, and in some cases impossible, for them to get financing. The creative investor will be able to capitalize on this market. Creativity and knowledge will let you step in where the bank used to and you’ll be paid handsomely for it! What if you could offer owner financing with your properties? What if you could sell to anyone with either cash or credit?
Isnt that amazing? If the prices are so low and the available homes for sale so high, why cant a buyer just find these deals on their own? Nine times out of ten, they lack the knowledge required to execute these transactions. Now you have the knowledge, so get moving!
- Now is the Time to Invest in Real Estate - There is little doubt that the American housing industry will take some time to recover. Some markets in the country are finally beginning to see an upswing in sales and values, but many others are still stale. While countless Americans are struggling to try to sell their homes, there has really never been a better ...
- Advantages of Buying Bank REO Properties - Real Estate Owned properties are properties that has gone through foreclosure auction and unable to receive acceptable bids. These properties are taken back by the lender, mostly banks and referred to as Bank REO’s.
...
- Buying Property In Pre Foreclosure - Land in pre foreclosure are a good opportunity for real estate property investors Pre foreclosure homes typically have very motivated buyers which make for extremely profitable transactions Because owners of pre foreclosure properties are facing financial challenges, they are often ready to accept almost any offer. All of this points to a huge upside for ...
