Thursday, September 23, 2010
IS IT STILL A GOOD TIME TO INVEST IN REAL ESTATE? YES, IN THE RIGHT MARKETS
Monday, April 20, 2009
"Put Me In The Game Coach" - Time to Invest in Real Estate
There has perhaps never been a better time to invest in the residential real estate market in the US. With the extraordinary level of foreclosure activity taking place today, first time, and seasoned investors are capitalizing on the increased inventory of available homes at greatly reduced prices. By some estimates, up to 31% of all homes sold in 2008 were associated with a “Short Sale” or Foreclosure. On average, a bank loses approximately $50,000+ per property once a home enters the foreclosure process.
Investors nationwide are buying up these foreclosures with an eye on an improving marketplace in the coming 18-24 months. With the potential for significant equity gains in an improved market, many investors are working with “Turn-key Real Estate Investment Firms” that can provide them with a home, complete rehab, hard money financing, and tenant placement. These firms take away much of the risk and can provide investors with as much as $35-50K in equity for as little as $2,500 in out of pocket cash.
For the first time investor, this approach to “getting in to the game” can be very attractive!
DAVE EMRICH - Georgia Residential Partners (GaInvesting.com)
Lease-Purchase: A Win-Win Solution For Today’s Real Estate Market
A lot of first time home buyers have been pushed out of today’s buying market because of tighter restrictions by traditional lenders. Tightened underwriting guidelines and raised minimum credit requirements have virtually put a hold on home ownership for many. Home sales have slowed drastically, sellers are losing their houses because they can’t afford more than one mortgage, and buyers face an uphill battle with getting a loan. A lease-purchase is a fantastic option for sellers and buyers in hard positions.
A lot of people have been hit hard by credit companies, and as a result their credit scores have suffered. A lease-purchase is an opportunity for the buyer to repair their credit, put a portion of rent each month towards the purchase of the home, have time to qualify for a mortgage, and ultimately become a home owner. And with a tough selling market, the seller can breathe a sigh of relief knowing that he/she can pay the mortgage until the purchase is complete. The seller also knows how much the house will sell for and roughly when the sale will be. It is a win-win situation for both buyer and seller!
-ASHLEY DEROSS, Georgia Residential Partners, LLC (GaInvesting.com)