It's Time for Creative Real Estate Investors to Get Rich
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.
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.
We are also seeing more bankruptcies, along with more bank repossessions. There are more VA, HUD, FHA, Fannie Mae, Freddie Mac, and other government-insured loans defaulting than ever before in history. Can you say Short Sale?
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?
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! - 23162
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.
We are also seeing more bankruptcies, along with more bank repossessions. There are more VA, HUD, FHA, Fannie Mae, Freddie Mac, and other government-insured loans defaulting than ever before in history. Can you say Short Sale?
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?
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! - 23162
About the Author:
Before you get started, come check out Augie Byllott's blog where you can learn about items such as how to Buy Homes Subject To and become a Real Estate Investor.
posted by X - Men @ 2:22 AM
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