Where is the Market Really At
Jul 10th, 2008 | By admin | Category: Real Estate Investing News
- Image by Getty Images via Daylife
This week I have been monitoring a lot of threads on where the market really is and trying to get a pulse on the best strategy to use right now.
In a lot of markets I see that now is the perfect time to buy and hold and reap some cash flow if you can. In fact I have a two contacts that over the perfect turn key products for this:
On in the Denver Market – buy at 80-85% fully rehabbed, rented and cash flowing
Another in some other markets – buy for $5,000 down – they will rehab, rent and then refinance you into an 80% loan and handle the property management on a rehabbed and cash flowing property.
What I have found though is that the information in the market goes back and forth on if now is the time to buy or is it the time to shy away. Here are a few of the stories and other blog posts I have found on this:
Real Estate’s Perfect Storm – Are you Ready ???
Feds Come out of Comma and Say Mortgage Crisis Worse Than They Thought
Are Renters Doubling Up To Prepare For an Economic Down Turn ?
Foreclosure filings surged 53 percent in June
Six Months, 343,000 Lost homes
Fannie Ups Investment in Multi-Family
Where are Home Prices Headed NextT
Top 10 Highest Rental Markets in 2nd Quarter, 2008
As you can see there is a mix of both negative and positive comments on the market. We have personally tempered our activities, but not stopped all together. We believe the market will improve, when is the question and if it will decrease more is a factor as well.
Tags: investing, real estate investing, real estate market, foreclosures, market recovery
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