- An Abundant Supply of Cheap
Homes
According
to RealtyTrac.com, there are currently over 2 million
foreclosure properties listed in the United States. While this
is not great news for the industry or the US economy in
general, it represents a HUGE opportunity for real estate
investors who have cash to invest or can qualify for a home
loan!
- Be Bold When Others are
Fearful
Now is the
time for contrarian real estate investors to strike, while
prices are low, the number of distressed properties continues
to grow and yet home loan funding is still available at
historically low interest rates.
- Foreclosure Data is Easy to
Find
Web sites
such as Foreclosure.com, TaxLienInvesting.com and RealtyTrac.com all
provide comprehensive listings of pre-foreclosure and
foreclosure properties, so these days locating a distressed
property to purchase is easier than ever!
- Take Advantage of Failed
Investors
Many real
estate investors were caught with their pants down after the
boom; many who invested in a home or rental property in 2005 or
2006 have their capital tied up in properties that have lost
value.
If you are prepared and were
looking ahead during the boom years, wondering “Hmm … When will
this bubble burst?” then now is your time to start looking at
potential real estate investors.
- When is it the Right Time to
Buy?
Timing is
everything in investing - interest rates are at historic lows
now and home prices will gradually start to recover. If you
wait until everyone agrees that the recovery is here - interest
rates AND home prices will have risen - many opportunities are
lost.
The guess as to when things
recover is ultimately for you to decide, but just as people get
caught up the irrational exuberance and euphoria when a market
is near the top, they go even farther to the other extreme at
the bottom. Some people predict doomsday, others say the
markets won’t recover for years and things seem dark and
disparaging. Who would invest money at a time like that? The
smartest investors always do, riding the crest of each wave and
taking their time looking for the next set to come in during a
down time. September 13th, 2008by
SurfRate.com
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