As the real estate cycle changes I now find myself investing again in bank-owned properties. This is how I began 11 years ago at the bottom of the last cycle. What a ride that was!!! Currently the market is much more appealing to a real estate investor than it was back then. What I am buying currently cashflows at 15-20% without financing! Imagine the returns using financed money! As we all know, the banks are in a mess, and getting financed can be a long process. They are so over-whelmed that the simplest transactions take 45 days. Enter.... Private money. This is business with the people for the people! Back to basics! Most people are getting watered-down returns (if any), in part due to the fact that there are too many middlemen and also due to the fact that investments open to the general public have to be 'sanitized'. By this I mean, it has to be 'safe' and that anyone can do it without using their brain. Unfortunately too many people rely on others to read more click here
As retirement savings, 401ks, IRAs and stock portfolios have come crashing down along with home values, fear has spread throughout a large segment of the population. The fear is easy to understand. People feel that they have no control over what is happening, which is for the most part true. What isn't true is that you can't do anything about it. In times of great difficulty, there are always multiple opportunities for those who can recognize it. Real estate is cyclical and always has been. At the peak of the market around the middle of 2005 here in California, housing was highly over-valued. At present time it is highly under-valued. It is like a pendulum, always swinging from one side to the other seeking equilibrium. Any market in which money is made has inefficiencies whether it be real estate or the stock market. In either market to be successful an education is necessary. Being successful entails knowing how the cycle works and most critically, knowing where in the cycle you are. It also entails action. To read more please click here
Mortgage financing plays a critical role in investing in real estate and retiring wealthy. My personal & professional experience in this area allow me to serve my clients in a more comprehensive way.
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