Who or what’s going to save the real estate market?
With another tax credit increasingly unlikely, it won’t be the first time home buyers.
With Congressional talk of eliminating the mortgage interest deduction, it probably won’t be homebuyers, period.
We all know it won’t be the banks.
As I’ve been saying lately, investors.
And now, I’m not alone in that sentiment. Last week, CNBC featured a profile of a hedge fund investor who’s already sunk $10 million into the real estate market; not to flip the properties he’s acquired but rather, as a buy and hold strategy.(Investing in Foreclosures – CNBC.com.)
As we’ve discussed before, you don’t need to be rich to be an investor. Half of the real estate investors in this country have incomes from their regular jobs of less than $85,000 a year.
Heck, you don’t even need to buy a duplex. Remember, there are a lot of foreclosed single family homes flooding the market; so many that they’re selling at deep discounts.
People like to rent them.
And the principles of property investment apply to single family homes the same way they do duplexes, triplexes, fourplexes and apartment buildings.
If you’d like to learn more about helping the housing market recover and securing your financial future by investing in real estate, call.
I can’t remember when there’s been a better time to invest in real estate.[vimeo]