This,The,Perfect,Time,Invest,O DIY Is This The Perfect Time To Invest?
When starting a new work at home business it is very easy to become consumed by it. We spend so much time trying to get the business up and running that we may end up becoming burned out and lose our motivation. There is so much to learn and Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-parent:"";mso-padding-alt:0in
Over thepast few years real estate investing was the thing to get into. Many ofthe gurus became quite wealthy selling their courses and coachingprograms and boot camps. The number of investors or wannabe investorswas growing by leaps and bounds. The big money of real estate investingwas attracting them even more in the early part of this decade becauseof the rapidly rising property values. However, with the decliningmarket values nationwide, they are now dropping like flies. They do notunderstand how to buy and sell in this market. Are they right withsitting this out for a while? Similar things havehappened in the stock market. When the market was good we got all thesewannabe stock investors in there. When the bubble burst theydisappeared. They backed off because you needed to get creative tosurvive to make money. So, again, are these investors right withsitting it our for a while until the market comes back? NO, would be myresponse.A good investor in stocks or real estate willmake money in both a good and bad market. Why, he changes hisstrategies. That is why there is a great opportunity in todays marketfor the astute investor. One article I read called this the PerfectStorm of the Real Estate Market. Just like the movie with GeorgeClooney, we find 3 things happening in this market simultaneously likethe perfect storm. These have never occurred all at the same time. First, there is less competition. There are a lot of investors activetoday because the profits arent there like they were and investorsdont know how to make money in this market. Second,in most areas we find rising rents. With a record number offoreclosures and people needing a place to live and also the lendingstandards tightening up, fewer people can qualify for home loans. As aresult there are more renters out there. It becomes a simple law ofsupply and demand. So investors today can take advantage of the rapidlystrengthening of the rental market. Thridly, recordforeclosures. With a record number of foreclosures out there and stillrising, there is going to be a ton of properties available to purchaseat a discount. This is also affecting the average homeowner to lowertheir price to get their house sold. We expect banks to start reallydiscounting even more this year to get rid of some of these propertiesincluding reos. So how do investors today takeadvantage of the perfect storm? With the supply of discount propertieson the market today and the lack of competition we should be able toachieve discounts like never before. A couple of years ago an investormay have been able to get a 15% discount can now get a 30% discount inthis softening market. So what about the selling end?We are seeing that buyers do not have the 3-5% down that we could geton a lease/purchase anymore but you should be able to take advantage ofthe rising rental market. An investor cannot count on being able to flip awholesale deal as easily as a couple of years ago. You can still flipbut you must buy better in this market because wholesalers are lookingfor bigger discounts also. We have started to use option agreementsmore and look for retail buyers selling on a discounted price between75-80%. This is what we call wholetailing. This is a great strategy intodays market. Today there are more good opportunitiesout there to buy like never before. You have to buy right in todaysmarket and it is easier to get a discount in todays market. You needto have confidence in yourself and be a great negotiator. Some tips forthis market are make sure of your exit strategies before you buy. Dorental analysis wherever you buy. Get better discounts than a couple ofyears ago. Establish and keep establishing your network of propertycontacts in real estate. Always continue your education with books andseminars and if you can get into a good coaching program for realestate. I have one that I can recommend and that I am involved with.You can find more info about this program at www.roopdoran.com.
This,The,Perfect,Time,Invest,O