The Decline And Fall Of Practically Everybody.....Except Foreclosure Investors

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Services for Real Estate Pros with Angle Consulting

Chicken Little said the sky is falling. George Bush said things are great. Ben Bernanke isn’t sure whether things are great so keeps lowering interest rates. Your friendly banker knows things are not great. Your above average Foreclosure/Short Sale Investor is buying foreclosure properties at prices that are phenomenally low and feels like this foreclosure craze is the start of something big.

Who is right? Maybe all of them and maybe none but I tend to side with the foreclosure investor. Not since the Great Depression has the housing market seen this many foreclosures and taken a hit like it is currently undergoing.

Great fortunes were made in the Great Depressions and greater fortunes were lost. The goal here is to be one of the winners not one of the losers.

Foreclosure investing is a skill that is quickly coming into its own as a legacy-building vehicle. By this I mean if you properly plan your strategies now you can be building wealth that will endure into the future. Opportunities like this only come about once in a lifetime. Being in a position to capitalize on it will make you on of the “lucky ones” that comes out of this downturn with a big smile on your face.

More on this tomorrow.

Yours in Success,

Dick Weiss

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Rainmaker
688,682
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F
I totally agree with you.  Now is the time for investors to be buying. Everything is on sale.  A year ago, you could not find a house anywhere in Orlando for under 100K.  Today we made an offer on a bank-owned house listed at 38K.  Even if it needs to be totally gutted, it will still be affordable on the flip side or to rent for a positive cash flow.
Jan 09, 2008 05:21 PM #1
Rainmaker
271,596
Ross Quintana
Real E Smarter - Spokane, WA
Real E Smarter Real Estate Coach - 509-362-1966

Hi everyone,

I think this market is going to be proped up by the flippers moving in to take up the slack of the housing market and foreclosures. It actually helps balance the market flucuations. It's not just the banks taking back homes but the consumers are getting more options for saving credit and the flippers won't sit on the homes, they will fix them and sell them.

It's actually the renters that may take the hit in the long run of increased values. It's good if they buy with low rates, but the prices keep creeping and if they don't buy soon the rates can only help so much.

Visit www.TeamQuintana.com for more info and opinions.

Ross Quintana

Team Quintana Real Estate - Spokane Washington

Spokane Real Estate Expert

Jan 09, 2008 05:30 PM #2
Rainer
14,652
Joe Pecoraro
REMAX- Big Bear - Big Bear Lake, CA
Richard are you speaking of REOs, trustee sales or both?  In our area many of the REO listings still seem to be over-priced.
Jan 09, 2008 05:32 PM #3
Rainer
42,616
The Entire Team of Price & Company Professionals
Price & Company Realty - Myrtle Beach, SC
Absolutely.  Those with the funds and the vision to take action NOW are the ones that will reep major benefits in the future. 
Jan 09, 2008 05:36 PM #4
Rainer
29,963
Christopher Currins
CBC Home Inspections - Godfrey, IL
Metro East Home Inspector - IL.
Just remember when buying foreclosures, it's " buyer beware "  at its best. I've inspected many that were disasters.
Jan 09, 2008 05:41 PM #5
Rainmaker
139,107
Paige Rausch
Boback Commercial Group - Fort Myers, FL

Benny and the Feds by NYC Jazzman Video clips-nice way to end the day!

 http://www.youtube.com/watch?v=etfVMtCq9Oc&eurl=http://activerain.com/blogsview/331527/Who-do-you-trust
Jan 09, 2008 05:48 PM #6
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Rainer
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Richard Weiss

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