I normally do not like posting long articles but I’m going to make an exception. A seemingly insurmountable obstacle to buying property in today’s market is getting financing and a large part of getting financing today is down payment money. This article discusses how properties can still be purchased with low down payments. Through the Federal Housing Administration (FHA), qualified buyers can still secure loans with just 3-5% down. This should be very encouraging news to those of you that thought you would need to come up with 10-20% down […]
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Short Sales Getting Easier
January 9, 2009 in RESIDENTIAL R.E., Step 05: Analyze Opportunities
Short sales can be frustrating and I’m hearing from more and more investors that the headaches and the timeframes to get a deal done are not worth the effort. While I don’t necessarily agree with that sentiment, the note below should give us all some hope. At a minimum, it let’s us know that banks recognize there is a problem and they need to streamline the short sale process. This is beneficial for the lender as they avoid foreclosing and it’s beneficial for the investor because we get good deals […]
10 Strong Markets
January 8, 2009 in RESIDENTIAL R.E., Step 03: Do Strategic Planning
If you are looking for good real estate markets look where jobs are plentiful, the economy is strong and where populations are growing (bestplaces.net is a good place to start your research). Below is a compilation of 10 markets where the local job market is strong. If people can find work, they can make money. If people are making money they can pay rent or buy houses. This creates demand for housing and ultimately drives up rents and home values. 10 Cities to Look at If You’re Looking for Work […]
Price Declines Slowing
January 8, 2009 in RESIDENTIAL R.E.
With all the gloom and doom in the market, I always like to highlight positive signs and “rays-of-light” in the real estate market. The real estate market IS going to stabilize as prices cannot fall forever. The worst thing new investors can do is give up because of fear and concern about the state of the real estate market. Signs of Letup in Home Price Slide The decline in residential property prices appears to be slowing, according to preliminary data from First American CoreLogic. A preview of its November report […]