Real Estate Investing: Changing Market

The Number One Skill Needed for Real Estate Investors in a Changing Market No matter what happens to the real estate market, investors who buy property right always come out ahead. Due to the high demand for housing and easy financing over the past eight years, investors made a killing buying and selling, or flipping for quick cash. Even those investors who paid market value made money with rapid appreciation. But the investors who held onto properties saw home values double and triple. What does the changing market mean for investors? The ability to spot a bargain-priced home that also rents for positive cash flow will make the next generation of real estate investor multimillionaires. If interest rates climb, more people will be forced back into the rental market. Home sellers will offer lower prices and owner financing to capture the buyers able to purchase a home. Because many home owners refinanced with adjustable interest rates, many home owners may find it difficult to pay the higher payment. For investors, this opens the pre-foreclosure market, which has been dried up over the past few years. If you want to become one of the real estate investor multimillionaires over the next few years, here are three action steps: 1) Get your financing in shape so you don't pay high interest and mortgage costs. Every dollar becomes more important in a soft real estate market. 2) Get to know your market. Choose one area to focus and watch home sales. Keep records of sales, days on market, and sales terms (owner concessions such as financing, paying closing costs, etc.). Also, watch the rental market, rates, vacancy, and demand. You may need to choose an area away from your home base to find a location where rental income matches mortgage payments. 3) Negotiate. Once you find a bargain property with a motivated seller, ask for seller concessions. With fewer competing offers, you can get a real bargain. Investors who buy right in any market make money. If you can hold onto a property that pays for itself, you will make more money for your future. Copyright © Jeanette J. Fisher   Real Estate Investing Business Plan Get all the tools you need to start your real estate investing business. Set up your real estate investment business plan, join our FREE Teleseminar   Jeanette Fisher's "Make 2006 Your Most Profitable Yet!" Teleseminar Worry-Free FREE! Credit Help Teleseminar Learn how to finance multiple properties!   Real Estate Investing Articles by Jeanette Fisher How to get started investing in real estate. Read how a young, inexperienced person made over $100,000 her first year. Find "Bucks in Yucks" How to Buy a Bargain Doghouse   18 Steps to Finding and Buying Bargain Properties  How to Invest in Fixers for Flipping How to Find and Buy a Bargain House with Little or Nothing Down Next issue of newsletter, Doghouse to Dollar$ Real Estate Investors: Beware of “Subject To" Fortune Promises

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