Recently, Brandon Turner made the case that increasing the minimum wage will help real estate…
The current real estate market is very volatile and can experience further depreciation with high unemployment rates and foreclosure rates. Are you prepared?
It seems that everywhere you look now days the news stories, regardless of their source,…
As real estate investors everyone of us have to be thinking… “how in the heck do I profitably navigate in a market as defined in the title of this article?”
And that is the million dollar question, which I will respond to in just a minute, but first lets look at a few of the facts:
A Look at the Current Housing Picture
- Let’s start with the economy. Depending on who you are listening to, we are either at the bottom, still moving downward or possibly even worse. If you invest in California, Michigan or Ohio you don’t need to be told the state of your economy… it stinks! The message here is that if people aren’t working, they will not be buying real estate or making good renters.
We’ve all heard the saying that opportunity only knocks once.
Do you feel like you missed the boat?
Many investors that were not prepared for this current historic market of record low prices and interest rates feel that their boat has set sail and they did not get a chance to participate.
American author Louis L’Amour said it best. He said, “Some say opportunity knocks only once. That is not true. Opportunity knocks all the time, but you have to be ready for it. If the chance comes, you must have the equipment to take advantage of it.”
Well, I have good news for you my friends. Another wave of foreclosures is coming and you have some time to prepare for it. The historic market you think you missed is coming back and better than ever.
So Winston, where is this second wave of foreclosures coming from?
The 2nd wave of foreclosures is coming due to the following 4 reasons: