Reports form the US media are overrun with the trite news stories of our declining economy, our weakening dollar, and the seemingly insurmountable number of foreclosures to come. Everyday, banks and lenders are flooded with inventory that they are forced to take back due to non-performing loans. Many echo the sentiment that that our marketplace will be similar to or more severe than market conditions in the 1980’s. The writing is on the wall: this is the time to buy! Prices are beginning to show dramatic decreases that all bargain hunters dream of, whether investor and/or homebuyer. What we will see in the next few years will be a transfer of wealth from the foolish speculators of the past few years to the wise investors of today and beyond.
With certainty, I can assure you that in the next 6-12 months, we will see consistent opportunities to buy homes at a substantial discount. Inventories of asset managers and REO listing agents is at an all time high, and will continue to climb as many adjustable rate sub-prime mortgages will adjust upward. We will have an unprecedented opportunity like never before to acquire discount real estate, whether for personal or investment purposes. Because banks must resale these properties to have money to lend, they expect that their next buyer is seeking to purchase at a below market price. They must get these properties off their books.
Do you remember how you felt about real estate in the earlier part of this decade? How about if you could have another chance to get in on the ground floor of investing before the rest of the world did? While everyone likes the concept of "timing" the market, the only way to ensure that you will be successful is to play consistently over the long term. The only way to play over the long term is to accomplish one task which is paramount: only hold positions which yield postitive cash flow every month.
Certainly, this is easier said than done. However, the dynamics of this market have come together to yield an opportunity like never before to seize substantial monthly cash flow with relatively minimal risk. As we are aware that eventually our country will continue to experience growth in population and industry, housing has never been a better yet affordable investment than as now.
Contact me today at 410-878-7142 to discuss how I can assist you in building a profitable portfolio of winning residential and small commerical investments.