Since fall of 2008, the news has been bleak for the real estate market.
Foreclosures have been at an all-time high.
And while buyers found that it was harder to get a loan, they did find the market favored them.
Many good quality homes have been on the market months longer than they would have been in a better economy.
For real estate investors, some of that news was good.
Investors who once only bought distressed properties put some of their cash to homes that needed fewer repairs and saw greater returns on their money.
As banks become overloaded with real estate owned properties, loans were easier to those with decent credit and a down payment.
In March 2009, President Barack Obama announced a loan modification plan he hoped to would stop the rising tide of foreclosures.
What does this mean to investors? The time to buy is now! Wait and you will miss out on some deals!
Wholesaling allows you to sell a home for an owner without owning the home yourself.
You simply sign a contract with the owner giving you the rights to sell the home.
Then you find a buyer.
You could make thousands of dollars on one sale.
Don't wait until "everyone is doing it.
" Begin investing in real estate now!
Foreclosures have been at an all-time high.
And while buyers found that it was harder to get a loan, they did find the market favored them.
Many good quality homes have been on the market months longer than they would have been in a better economy.
For real estate investors, some of that news was good.
Investors who once only bought distressed properties put some of their cash to homes that needed fewer repairs and saw greater returns on their money.
As banks become overloaded with real estate owned properties, loans were easier to those with decent credit and a down payment.
In March 2009, President Barack Obama announced a loan modification plan he hoped to would stop the rising tide of foreclosures.
What does this mean to investors? The time to buy is now! Wait and you will miss out on some deals!
- While President Obama's loan modification plan had not made a huge dent in the declining market by the summer of 2009, economists predict that in time the plan will help homeowners.
That means fewer foreclosures and fewer properties to choose from in the future. - As the economy improves, more people will look for investment opportunities as their cash flow improves.
Real estate yields a higher return the most other investments.
More competition will enter the investment market as the economy grows. - Home prices will increase as the economy turns around for the better-including prices on distressed properties and foreclosures that are a magnet for investors.
As mentioned earlier, this is a buyer's market-no matter what type of property you are seeking.
Wholesaling allows you to sell a home for an owner without owning the home yourself.
You simply sign a contract with the owner giving you the rights to sell the home.
Then you find a buyer.
You could make thousands of dollars on one sale.
Don't wait until "everyone is doing it.
" Begin investing in real estate now!