Buying Investment Property

By
Real Estate Agent with Mann & Sons, Inc.

There are some obvious reasons that investing in real estate is a great idea.

Have you heard the old adage, "buy low, sell high." Well, we know the market is pretty much at the bottom, so there is no better time for you and realize that now is the time to "buy low." So many home buyers and investors are still sitting on the sidelines waiting for the market to "hit bottom." Little do they realize that as soon as they think it has hit bottom, it will already be on its way up. To illustrate, picture a bounced ball, it stays on the ground for mere seconds before it starts its bounce up again, and so it is with the real estate market.

There is an abundance of inventory available. Short sales, foreclosures, and distressed Sellers create a market that is just crying for investors. With so many homes available for sale, Buyers can make offers without emotion and simply move on to the next property if the first offer is not accepted.

Interest rates are low. With good credit, mortgage money is available. Learn the talk. Keep a real estate dictionary nearby so you have a quick reference guide for terms that you may not encounter everyday.

So what are you waiting for? Begin to prospect for the property you might want to buy. There's no better time than now.

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