The Golden Time for Real Estate Investors
At the height of the largest buyer’s market in history, and a tidal wave of foreclosures across the country, there is no better time to acquire investment property. Bank owned properties are also known as REO’s, which stands for ‘Real Estate Owned’ which is the bank line item description in their asset column for homes they have in their foreclosure inventory. REO inventory is at its highest ever in the Michigan market place, and it is the best time to buy for investors looking to acquire rental property.
HUD homes are additional foreclosures sold through the US Department of Housing and Urban Development. These are homes taken back in foreclosures that were secured by government loan programs.
This is truly a golden time for Real Estate Investors that can think in futures. One must be willing to buy and hold right now, and buy as much you can to increase your holdings. People want to live in houses, and many former home owners are no renters.
The primary message to any investor or would-be investor is that this unfortunate time for former home owners adds up to one word ‘opportunity’. As a Realtor I am on the pulse of the investor market, and I enjoy the thrill of the hunt. I especially enjoy working with investors who are always willing to learn new things. For anyone interested in getting started, my door is always open. It is an exciting time, and one I encourage everyone to jump on. Once you acquire your first home, as start making money on it, you will be addicted.
There are also exciting lending programs available, which I can help direct buyers to. Many of which are designed for the responsible investor. It could be said that there is a fortune out there waiting to be had filled with opportunity for those willing to educate themselves, and confront the challenge. Mark Twain once wrote: “Twenty years from now you will be more disappointed by the things that you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover." Now is the time to turn off the television, stop listening to the media and get out there and buy up investment properties.
For those interested in starting out as investors, I invite you to contact me and send in this form to me here. I also suggest acquiring and reading some of the following books from my collection.
I hope to hear from you soon!
Sincerely,
Michael
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