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The first question I would ask of you is where do you want to invest in the Real Estate market? Please remember the market is "NOT" a national market but made up of markets that are all localized and many do not reflect the national media news hype. Naturally you need to make the right business decisions pertaining to your cash outlay and net returns but more importantly you need to be in an area that will meet your short and long term needs and concerns. "Markets" around the country are still adjusting to various degrees and that is where you need to consult with a Real Estate Professional in the area you have interest. Real Estate is a great investment! Become educated in your market of interest. You should know along with Real Estate adjusting the Mortgage Industry has made drastic adjustments to meet the same current national trends. Many areas of the country provide great investment opportunities right now!
Aug 18, 2008 at 10:51 AM
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You have to do investment properties that cash flow, period. Don't count on flipping or selling. And when I say cash flow, I mean you're making atleast 10-15% more than your expenses on the property. If you can't do that in this market, don't buy it. Market isn't done falling by any means, the largest number or adjustable rate mortgages that reset in one month will happen in October, so you'll have more problems with folks that can't get out of those loans that will be handing their keys to the bank. With values decreasing and loan types that were used before disappearing, there will be lots of people stuck in loans that adjust 20-40% in payment! There's ways to make money and I won't say don't buy flat out, but have a formula that you use to invest, and if the property doesn't fit, keep it movin...
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