It"s a Buyers Market
Many people may feel that this is a bad time to be in the real estate business but if you are an investor this is a chance of a life time. One, that most hope will never be repeated.
It's a buyer's market, with tens of thousands of houses being foreclosed on, there is a real opportunity for the investor in real estate. This is the time when you can buy houses for a percentage of their value and turn around and rent them out at a profit, with an eye to selling them later with the real estate market recovers.
The recent behavior of the stock market is making many people nervous about investing in Wall Street. Many are deciding on investing in real estate,instead. For people who are passive investors and do not want or do not have the time for the everyday demands that investing in real estate calls for, there are Real Estate Investment Associations(REIA).
Banks and construction companies are eager to sell the property they have on their hands. With so many foreclosures, banks are needing to turn the property around as fast as they can. This puts the investor into a position of power. Many of the properties that are going for sale at this time are being sold for half of their market value. This gives the investor a better chance of being able to make a profit on the property.
In some areas, to encourage investors and to help move property that is sitting empty, qualified investors are being given 0% down loans. If the investor or investors have a good credit rating, it is possible for them to get a 0 % loan. This will allow them to use their cash for other things, such as repairs, before they rent or try to sell the property.
Many people are losing their homes to foreclosure. This has created a greater demand for rental properties. Many of the investors are buying houses that have been foreclosed on. Then they are using them as rental properties. When the market recovers they will then sell the houses. Renting the properties helps create positive cash flow.
Foreclosed Homes are not the only source of property that investors are looking for. Probate homes are also a good deal for the investors. Many times the decedent will not leave enough money behind for the heirs to be able to keep the property. In this case the administrator can sell the house releasing the heirs from the burden of keeping up payments, taxes, insurances and maintaining the house.
This maybe a poor time to be a seller of real estate, but for someone looking to invest in real estate, this is a time filled with opportunities.
It's a buyer's market, with tens of thousands of houses being foreclosed on, there is a real opportunity for the investor in real estate. This is the time when you can buy houses for a percentage of their value and turn around and rent them out at a profit, with an eye to selling them later with the real estate market recovers.
The recent behavior of the stock market is making many people nervous about investing in Wall Street. Many are deciding on investing in real estate,instead. For people who are passive investors and do not want or do not have the time for the everyday demands that investing in real estate calls for, there are Real Estate Investment Associations(REIA).
Banks and construction companies are eager to sell the property they have on their hands. With so many foreclosures, banks are needing to turn the property around as fast as they can. This puts the investor into a position of power. Many of the properties that are going for sale at this time are being sold for half of their market value. This gives the investor a better chance of being able to make a profit on the property.
In some areas, to encourage investors and to help move property that is sitting empty, qualified investors are being given 0% down loans. If the investor or investors have a good credit rating, it is possible for them to get a 0 % loan. This will allow them to use their cash for other things, such as repairs, before they rent or try to sell the property.
Many people are losing their homes to foreclosure. This has created a greater demand for rental properties. Many of the investors are buying houses that have been foreclosed on. Then they are using them as rental properties. When the market recovers they will then sell the houses. Renting the properties helps create positive cash flow.
Foreclosed Homes are not the only source of property that investors are looking for. Probate homes are also a good deal for the investors. Many times the decedent will not leave enough money behind for the heirs to be able to keep the property. In this case the administrator can sell the house releasing the heirs from the burden of keeping up payments, taxes, insurances and maintaining the house.
This maybe a poor time to be a seller of real estate, but for someone looking to invest in real estate, this is a time filled with opportunities.
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