SUCCESS IN TODAY'S RE MARKET
o3-21-2010
So, how is the real estate economy doing in your town. Here in San Antonio, Texas things seem to be getting better and I can tell you for a fact that some prices are starting to resemble pricing reminecent of 1998. That is to say; if a person has to sell or wants to sell "fast" it is definitely a "Buyer's Market" because mortgage companies and banks are not moving fast, if at all.
Things that have changed for the worst include; Lack of jobs (So Buyers can pay for the the houses we investors sell), worsening credit (people losing their jobs tend to damage their credit in the process), and again...Mortgae companies and banks NOT lending money very freely.
These situations line up to create a great environment for the RE Investors that can purchase properties with their own "CASH" or with favorable "PRIVATE MONEY." When people cannot buy, they are renting...or they are buying via "Owner Financing." Believe me when I tell you, "Owner Financing" can set you apart from the landlording crowd in a hurry.
Mitch Stephen
Author, MY LIFE & 1,000 HOUSES
http://www.1000houses.com/
So, how is the real estate economy doing in your town. Here in San Antonio, Texas things seem to be getting better and I can tell you for a fact that some prices are starting to resemble pricing reminecent of 1998. That is to say; if a person has to sell or wants to sell "fast" it is definitely a "Buyer's Market" because mortgage companies and banks are not moving fast, if at all.
Things that have changed for the worst include; Lack of jobs (So Buyers can pay for the the houses we investors sell), worsening credit (people losing their jobs tend to damage their credit in the process), and again...Mortgae companies and banks NOT lending money very freely.
These situations line up to create a great environment for the RE Investors that can purchase properties with their own "CASH" or with favorable "PRIVATE MONEY." When people cannot buy, they are renting...or they are buying via "Owner Financing." Believe me when I tell you, "Owner Financing" can set you apart from the landlording crowd in a hurry.
Mitch Stephen
Author, MY LIFE & 1,000 HOUSES
http://www.1000houses.com/
Labels: Creative Real Estate, Eddie Speed, Investing, Investments, Note School, real estatae seminars, Real Estate Directory Blogs, real estate education, Real Estate investing, Robert Kiyosaki, Ron Le Grand
posted by Mitch at
5:41 PM
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home