The Experts In Real Estate And Mortgages

Because of the slow down in real estate sales and the highest rate of foreclosures in history ,and an apparent historical glut of foreclosures, now is the biggest buying opportunity for

investors and those that want to be.

The old supply and demand law dictates that prices have backed up to 2003 prices while

interest rates are still historically low.

On top of this the fed has , and will contnue to have rate cuts to help people rqualify for more

home. But at the same time the mortgage meltdown has caused the number of people that

can qualify for loans to go way down. This is due to lenders raising credit requirements on the

programs that are still in existence

Now, unless you are a candidate for FHA financing (see my post on this program here), with

less than perfect credit there is not much you can do but lease or lease-purchase until you

have some significant money saved for a down payment.

For you investors/landlords out there you should be bracing for an increase in demand for your

rental and lease option properties and due to the demand you should also see rents increasing.

Now is the time for investors to increase the size of their real estate rental portfolios by adding

income producing properties.

This is a time when an incredible combination of great interest rates, high number of properties

for sale at discounted prices as well as a great need for rentals due to the number of people

that have and will be foreclosed on that will need to rent until they can qualify again for a

mortgage.

So if you are now or have ever wanted to be a real estate investor, mogul, landlord, fix up and

flipper, lease optioner , commercial property owner, then now is the best time to do it.

Tips on becoming a Mogul in the next 2 years

1. If you do not have money for down payments, put a group together that does have some

cash or refinance your house and use that dead equity.

2. join a foreclosure listing service that has access to properties all over the country . Click

on the link near the top right corner of the page that says “Buy Foreclosed Homes up to 50%

Less Than Market Value”

3. learn all the ins and outs of buying foreclosures, being a landlord, learn about tax codes and

tax benefits of owning investment properties

4. find a great mortgage broker that can finance investment properties and has experience in

doing so

5. research the areas of the country that industry is moving to , not away from (Michigan is

losing the car industry for example which makes for loads of foreclosures and low prices but

not enough peope that can afford to rent or flip them to)

6. buy and hold as much as you can or lease option them to new foreclosure victims. They

want to be homeowners again and will treat the property like their own.

7. rinse and repeat for the next few years, values will start going up in the next 2 years

then start selling to your renters on terms that are favorable to both of you.

Free List of Foreclosures!

Posted under Find a Great Mortgage Broker & Foreclosure & Mortgages & Real Estate |