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------------------------------------------------------------------------------------------------------- In Real Estate, buying at the right time is always important. Knowing when to buy can be difficult to determine, but if you time it right, you can do well in this distressed market. According to the U.S. Department of Commerce, home prices are at a 27 year low comparable to historic records and right now is the best time to buy real estate. As an investor, being able to get in the market when everyone else is getting out is crucial to making a profit. Investing in properties that will turn a profit after calculating your expenses and debt service can be very profitable. Low interest rates, discounted home prices, and a large selection of properties to choose from gives an investor opportunities that have not been seen since 2002. Although the foreclosure rate is at a near all-time high, so are the owners that are turning to renting due to being forced out of their homes because of foreclosure. Also, with mortgage companies tightening up on their lending criteria, many would-be buyers are unable to get a loan - this leaves a large inventory for the investors to buy, rent, and sell. -------------------------------------------------------------------------------------------------------------------- 5 Things You Need To Know About Investing in Houses There has been a lot of interest in flipping houses over the last few years, mainly due to the success of shows like Flip this House and the self proclaimed gurus on the Internet. You may be looking around to find a gem, buy it, fix it up, and then sell for a huge profit, right? That’s not the usual case, nor is it what happens to most of the naïve and inexperienced flippers. Flipping is an art that takes lots of time to learn, and is not for just anyone. You have to learn your market, patiently look for properties that offer a good profit, and have the ability to coordinate repairs and do the marketing needed to sell. I’ve compiled a list of 5 things you should know when learning to FLIP a house. This is not a list of the most important or the least, but should get your started. |
