Still, there will come a time when cocktail chatter shifts from the riches in real estate to the risks. If you’re serious about investing, you’ll recognize that moment for what it is: a chance to snap up good property on the cheap. The time to prepare for that opportunity is now.
One of the smartest ways to get ready is to make friends with a local bank — the smaller the better. I’m talking about one-horse institutions, the kind that haven’t been snapped up in megamergers and that still spell bank with a “k,” not a “c.”
Read this article from CNNMoney.com
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Article Author: Joshua DorkinJoshua has written 568 articles for us.
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Joshua Dorkin (@jrdorkin, Google+) is the founder and CEO of BiggerPockets.Mr. Dorkin's vision for BiggerPockets has helped to propel it into becoming one of the top real estate destinations online. His vision for the site and its future has brought national press attention to both Mr. Dorkin and to BiggerPockets.
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…and then what? Buy their REO?
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