Here is why now is the best time to consider investing in rental real estate buildings.
It is about timing the economic cycle.
You want to buy low and sell high, right? Give me the bottom of the housing market.
The wall Street Journal published "The Future for Home Prices" article on December 2, 2008 as cover story for "Your Money Matters" section.
Here are my selected paragraphs relevant for my point: Americans should see real estate investing as their best shot at wealth.
Here it is: "The economists and other pro generally say home prices won't bottom out before the second half of 2009, and some don't see a bottom until 2011 or 2012.
Even when they stop falling, prices may scrape along the bottom of the rut for years".
This is very good news for investors.
It is time to prospect and buy, "pick your cherry" now or in the next twelve months.
Where to buy? Read the census report or search the internet for "demographic info' or similar words.
I have got this one info: "Young people and immigrants are likely to flow to Florida, Tennessee, Virginia, Nevada, Arizona and some of more affordable interior parts of California.
Area with little immigration and low growth or falling population include Michigan, Ohio, the Dakotas, Iowa, western Pennsylvania and upstate New York.
" This is vague but it is a start for your research.
Personally I consider Michigan because I live here and know the area.
Here is Jason Schram, a lawyer in Chicago who has bought two rental properties this year at what he considers fire-sale price.
"I just believe in real estate.
I've seen over and over people I know build wealth through rental real estate, and that's the path I intend taking, even though it's a bit bumpy at the moment.
" Wait a moment, a lawyer is considering rentals as his vehicle to wealth and not the proceeds from suing insurance and big companies? May be he is one of real-estate attorney specialists and for sure investing in what he knows does not hurt.
He is in very good position to defend against any litigious tenant, this is risk management.
The risk management in investing is my second point here.
What skills can you bring to real estate investing? Are you a real estate agent, loan underwriter, property manager, accountant, lawyer or tax specialist? What is your edge to maximize your chances for success? Of course you can learn about all this subjects or select your team of advisors.
You may consider visiting my websites and blogs for more related info.
It is about timing the economic cycle.
You want to buy low and sell high, right? Give me the bottom of the housing market.
The wall Street Journal published "The Future for Home Prices" article on December 2, 2008 as cover story for "Your Money Matters" section.
Here are my selected paragraphs relevant for my point: Americans should see real estate investing as their best shot at wealth.
Here it is: "The economists and other pro generally say home prices won't bottom out before the second half of 2009, and some don't see a bottom until 2011 or 2012.
Even when they stop falling, prices may scrape along the bottom of the rut for years".
This is very good news for investors.
It is time to prospect and buy, "pick your cherry" now or in the next twelve months.
Where to buy? Read the census report or search the internet for "demographic info' or similar words.
I have got this one info: "Young people and immigrants are likely to flow to Florida, Tennessee, Virginia, Nevada, Arizona and some of more affordable interior parts of California.
Area with little immigration and low growth or falling population include Michigan, Ohio, the Dakotas, Iowa, western Pennsylvania and upstate New York.
" This is vague but it is a start for your research.
Personally I consider Michigan because I live here and know the area.
Here is Jason Schram, a lawyer in Chicago who has bought two rental properties this year at what he considers fire-sale price.
"I just believe in real estate.
I've seen over and over people I know build wealth through rental real estate, and that's the path I intend taking, even though it's a bit bumpy at the moment.
" Wait a moment, a lawyer is considering rentals as his vehicle to wealth and not the proceeds from suing insurance and big companies? May be he is one of real-estate attorney specialists and for sure investing in what he knows does not hurt.
He is in very good position to defend against any litigious tenant, this is risk management.
The risk management in investing is my second point here.
What skills can you bring to real estate investing? Are you a real estate agent, loan underwriter, property manager, accountant, lawyer or tax specialist? What is your edge to maximize your chances for success? Of course you can learn about all this subjects or select your team of advisors.
You may consider visiting my websites and blogs for more related info.
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