Is Real Estate Investment Really Doing Bad?
The news has been emphasizing during the past few years that the real estate market as a whole has been decreasing and not doing so well.
Property prices have dropped tremendously, where many homeowners have been stuck with owing more on the house than what it's really worth, this is known in Real Estate and even in the car business as being "upside down".
Nationwide prices have dropped, but where is it happening the most? ! Really!, what many call bad, really appears to be a good thing in the eyes of wholesale investors in Indianapolis,California, Indiana etc.
Paradise Island for Investors Looking for a Great Bargain! When prices stop dropping on real estate nationwide in awakes a parade of investors drooling to get rock bottom property deals, this may start happening the beginning of next year.
Record foreclosure rates are at there peak and have left banks and lending institutions holding massive numbers of properties that they want to sell and make a smaller profit or even regain a percentage of their losses.
Indianapolis is HOT! One thing very important to remember is that, it is Indianapolis, but there are many things to take into consideration aside from just a great deal at a really inexpensive investment.
Real Estate prices that are currently available at very inexpensive prices are because of those Adjustable Rate Mortgages "ARM" that many people could not handle.
Although they have these endless white sandy beaches that are absolutely gorgeous and offer fabulous opportunities to own, rent or lease on a waterfront, real estate properties today can be a blessing when acquired within ones budget with a fixed rate not an Adjustable Rate Mortgage.
Several things to take in account when shopping for real estate properties.
Make sure your credit is good and clean.
Before shopping around and possibly waisting your valuable time.
If there any discrepancies on your credit it will hinder your loan or it can drive up your interest rates, so assure yourself with a credit check and if anything is not in order, fix it first.
Do Some Research After finding reasonable properties or houses that you may considering, now your task on researching it properly begins before you start your final negotiations.
Check and see if there are any undesirable easements that encroach on the property, or if there are any utilities running through it.
Assure yourself with a clear understanding of how it is zoned as well.
Make sure all your ducks are in a row before signing on the dotted line.
REO's are one of the HOTTEST niches in the Real Estate game presently! Especially in the high foreclosure cities and states like Atlanta, Georgia; New York, Las Vegas, Nevada; St Louis, Detroit, Michigan to name a few.
It is not uncommon to purchase REO's from Banks directly for 10 to 30 cents on the dollar! This is where Investors can implement the strategy of "Forced Appreciation".
In this strategy the market is not the focus as much as the deal itself! One is making money on the deal because they are getting the property so inexpensively and if one can find a property where the repair cost is minimal you have what I call a "Smoking Deal!" In my next article I will uncover tips on how to find great REO deals that produce immediate positive cash flow and have equity before you spending a dime.
Property prices have dropped tremendously, where many homeowners have been stuck with owing more on the house than what it's really worth, this is known in Real Estate and even in the car business as being "upside down".
Nationwide prices have dropped, but where is it happening the most? ! Really!, what many call bad, really appears to be a good thing in the eyes of wholesale investors in Indianapolis,California, Indiana etc.
Paradise Island for Investors Looking for a Great Bargain! When prices stop dropping on real estate nationwide in awakes a parade of investors drooling to get rock bottom property deals, this may start happening the beginning of next year.
Record foreclosure rates are at there peak and have left banks and lending institutions holding massive numbers of properties that they want to sell and make a smaller profit or even regain a percentage of their losses.
Indianapolis is HOT! One thing very important to remember is that, it is Indianapolis, but there are many things to take into consideration aside from just a great deal at a really inexpensive investment.
Real Estate prices that are currently available at very inexpensive prices are because of those Adjustable Rate Mortgages "ARM" that many people could not handle.
Although they have these endless white sandy beaches that are absolutely gorgeous and offer fabulous opportunities to own, rent or lease on a waterfront, real estate properties today can be a blessing when acquired within ones budget with a fixed rate not an Adjustable Rate Mortgage.
Several things to take in account when shopping for real estate properties.
Make sure your credit is good and clean.
Before shopping around and possibly waisting your valuable time.
If there any discrepancies on your credit it will hinder your loan or it can drive up your interest rates, so assure yourself with a credit check and if anything is not in order, fix it first.
Do Some Research After finding reasonable properties or houses that you may considering, now your task on researching it properly begins before you start your final negotiations.
Check and see if there are any undesirable easements that encroach on the property, or if there are any utilities running through it.
Assure yourself with a clear understanding of how it is zoned as well.
Make sure all your ducks are in a row before signing on the dotted line.
REO's are one of the HOTTEST niches in the Real Estate game presently! Especially in the high foreclosure cities and states like Atlanta, Georgia; New York, Las Vegas, Nevada; St Louis, Detroit, Michigan to name a few.
It is not uncommon to purchase REO's from Banks directly for 10 to 30 cents on the dollar! This is where Investors can implement the strategy of "Forced Appreciation".
In this strategy the market is not the focus as much as the deal itself! One is making money on the deal because they are getting the property so inexpensively and if one can find a property where the repair cost is minimal you have what I call a "Smoking Deal!" In my next article I will uncover tips on how to find great REO deals that produce immediate positive cash flow and have equity before you spending a dime.