Historically low interest rates combined with opportunities in low housing prices will eventually result in a shift of the current momentum~ I am certain that this will occur when people "remember" that real estate is still a good investment.
The question is: "Are you prepared to capitalize on this change in momentum?" So goes the wisdom at the real estate seminar I attended this week: Flip that house!
Is real estate that opportunity? Is real estate still a good investment? I am asked this question several times a week. I agree 100 percent that this is the ultimate "buyers market" and people should absolutely be buying right now. The problem is that most buyers don't know what to buy, when to buy, where to buy and how to buy.
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The choices that a buyer makes in these areas will completely determine the quality of their investment. In real estate, experience may not be the best teacher. Rather, the best teacher is "experience evaluated." You must actually pay attention and learn something from every experience and to be sure, losing money is not the teacher we want to embrace.
But the truth is, you don't have to lose money in real estate ~ a smart purchase is still a good investment. For those of us who are paying attention and are completely focused on how we can make a positive change in the world, we understand that the difference between making a living in real estate and being successful in real estate comes down to the quality of our service, our knowledge and the recommendation's we make to our clients.
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So recommending investment properties is not something I would do carelessly. There is no doubt that investors can make money buying properties and not necessarily from buying rental properties.
The theme of this seminar was " flip that house" so they were advocating buying properties for $50,000 to $100,000, clean them up and putting them back on the market. (Sound familiar? This was one of my earlier blogs!)
So here are the takeaways: Believe that opportunity knocks ~ do you answer? Get the knowledge or help necessary to make good decisions ~ take action.
As to the real estate seminar I attended: Yes, I learned something. They make a ton of money selling CDs and workshops.
Rebecca Currie
Elite Real Estate Properties