At or near the bottom is the real estate market. You stand to gain substantial equity if you buy and keep until the market regains its composure.We are in a search for buyers. read this article Many people are trying to sell their homes with all the foreclosures on the market, giving you bargaining power when you talk to them.Landlords who over leveraged their assets are having a rough time. If you find the right landlord, you can be able to select a decent price.
With the unemployment rate at around 10 percent, many people are losing their homes. People are going through difficult times. You will help the owner out of his or her difficult situation by purchasing the house in pre-foreclosure. This opens up an opportunity for innovative financing using subject to, I would be careful to do seller financing because you might be out of a house if the person ends up filing bankruptcy.Right now, many foreclosures and bank held properties can be acquired for a fraction of the value. The foreclosures at the sheriff’s sale here in Miami County Ohio have increased by around 50 percent this month, and the docket looks just as complete for the next two months. You will also get property at 2/3rds of the total value by going to the sheriff’s sales.
Right around the corner is the next major wave of foreclosures. From October 2008 until March 2009, there was a break in foreclosures. The six-month waiting period is now over and foreclosures are beginning to increase again, creating an opportunity for investment.
At all times, real estate is poor. At levels not seen since the last bust in 1989, the new housing market is. Many real estate millionaires were generated by this bust. People who saw the potential from the housing crash of 1989 profited tremendously. There are several possibilities in this bust, if not more, as there were in the 1989 bust.