The HUD score card for December 2012, released in January 2013
shows that mortgage rates continue to be at record lows while
homes remain highly affordable. This information from Freddie Mac
and the National Association of Realtors is good news for
investors.
Now is the time to invest. The more stabilized and encouraging
situation being predicted by both the US Government and the private
sector shows that there will be potential for healthy competition
among real estate investors but, clearly, savvy investors will be
the ones to get a significant part of the pie. They will know how
to analyze each opportunity appropriately and make the best deals
on both ends of the process.
The wave of foreclosures may have ebbed, but there is still a huge
opportunity to buy at rock bottom prices. (We haven’t seen this
sort of chaos in the housing market since the Great Depression.)
Naive investors are running scared. They see lower home values or
slow sales, and they choose to sit on the sidelines and mumble
things like, “I’m playing it safe. I’ll jump in once things have
settled down.” Savvy investors laugh at this “poor man’s mindset.”
Savvy investors realize that they’re not investing in an entire
market, just in one great deal at a time. They know that the best
time to invest is when there is the most opportunity. And clearly,
that time is now. Warren Buffet explained it perfectly, “I will
tell you how to become rich. Close the doors. Be fearful when
others are greedy. Be greedy when others are fearful.”
In today’s market, others are fearful. What will you choose to be?
We recommend you choose to be rich.
Project:
Based on your goals, decide if there is a particular geographical
area you in which you would like to invest first. We found it best
to begin in our own backyard, so to speak. You probably will too,
but do your own research. Learn as much as you can about all types
of real estate investment opportunities and start thinking about
which might hold the most interest for you.
Conclusion
Remember that with real estate investing as one part of your
financial plan, you can create the life of your dreams by following
a few time-proven strategies and techniques. Download a free
article on real estate investing at: www.thebookoninvesting.com