The Opportunity is High in Rental Properties Right Now

I perfectly agree with you. I activate in an East European market where the global credit crunch didn't show its effects so far but there are rumours and predictions in this direction.

Anyway, in US the people have the internal power to move from a penthouse to a trailer overnight if the happenings of life make this necessary and they will be happy with this. It was an extreme example but from my point of view shows the reality.

Have a great day,

Adrian Niculescu
http://www.adrianniculescu.com

To Whom It May Concern:

I just want to tank you, I had posted a comment in your page and I received an email from Trump University, and I am glad to know that there are some people that really care for other, but we were unable to do anything to freeze the interest or restructure my loan, but in behave of my family and I please let Mr. Trump know that he have a wonderful team working for him.

God bless you all

Jacqueline Pineda

I am currently in the position of trying to sell my condo in order to relocate. I have not yet had an offer, although it has been seen by many, In my situation, in the Vail, Co area, things have only just recently slowed down. What I was wondering was if you had any advice on how to gain more interest. The property is a great cash flow opportunity in that it has on-site mangement and great short-term as well as long-term rental history.
I appreciate any advice you may have.
Thank you,

Joy Bagwell

In my humble opinion this is the best way to make a buck in the volatile real estate market as it stands today. In my situation, the population base in only growing larger and many people are already 'bought out' of the market with the sharp increase in prices. Also, with the rising cost of transportation and construction costs, many projects that were to house a large number of units were stopped before completion. This as a result will raise the rent that one can charge with the basic law of supply and demand. Once the market begins to rise again the strategy will change, but for now it is indisputable.

Thank you for this post.

I am always searching for industry reinforcement- it seems that the foreclosure market is experiencing a dearth of homes and not enough investors to scoop them all up.

But I expect that the phenomenon of the 'incredibly shrinking suburbs' will draw people back into urban areas.

I'll reference this post and ones like it for my readers over at www.philly-foreclosure.com

The opportunities are there, it just takes a little financing, vision, and a lot of guts to take them.

Is this a good time to start investing in Commercial Real Estate? With the current banking crisis is multi -family better then a strip mall.

This is what I would love to do. I live in an area that is rural country in the middle of two major military bases. We are usually where military families settle when they don't want the city life but can't be too far away from the base.

However, with the war and the deployments, many families have decided to sell their homes here and move closer to either the spouses' parents or the other family for support during this time. Therefore, there are a lot of houses on the markets. These houses are selling at a fraction of their actual worth.

My daughter is 5 years old. She is the best thing that ever happened to me. My daughters' father, someone I dated for five years, took off as soon as the word pregnancy was mentioned. I didn't worry too much about that at that time. I simply figured that I could work until a week before my delivery date and then go back 4-6 weeks later. However, 10 weeks into the pregnancy, I began to have numerous problems. Because I had started a new and better job just a month before I became pregnant, I had no disability insurance and my health insurance wouldn't cover the pregnancy because I had just started to work there and was now on leave of absence. Because I was not working at the time of my probation hearing, I was fired.

I have been receiving state financial assistance for the past five years. I've had about six surgeries during that time and I still have to have more surgery. I only received around $400 a month, including food stamps, but have managed to make it last. I'm still awaiting a decision regarding disability, meanwhile, I am currently having to use a walker or wheelchair to get around and my joints just get worse.

However, I find the prospect of a life lived on a disability income one that is not pleasing to me. Besides the prospect of the empty houses for sale, I've also thought about buying some land (which is equally cheap) and using 1 1/2 acres for my own home and the rest for a community of duplexes or quadriplexes for low income families. I currently live in such a community, but the apartments are limited to one and two bedroom and the management here has to turn away many families who have more than the 4 person minimum. I'd like to tap into that market, but wonder if that is a good move.

Also, obviously, I don't have a lot of money. I've heard about "no down payment" real estate programs. Is this realistic or just another scam?

Find something that you can afford to live in and buy on contract. this process takes about six years so listen up.......live in what you invest in or you will be over the resource flimit for public assistance which you recieve. Each large community has a CURA area or a target area for the rehabilitation of its older homes usuially you must have lived in the home to qualify for a GRANT which you do not have to pay back this free equity builder. This will rehabilitate your home, typically if the home is sold before 5 yrs there is a prorated preportionate wich would be paid back. Be prepared to buy up and do this again every six years and you can eventuially have a very nice home with plenty of equity. Work with you've got find a house yourself cheak the county treasurers office and make sure theres no red tags or problems getting utilities on. Find the owner through county records and ask them how to access public all records so you can do a lean search of the owner, have legal services help you with the contract. You can spot easy buys when you see a house that renters are in and out of with longer vancancy than usuial. This can show a disinterested owner. My son recently bought one (needed some plumbing) for 100.00 down @ 28,000 w/pmt taxes & ins. under 300.00, you could always get a roommate to pay utilities. This can be done, I've done it, and oynce you've got one house paid for that supports another its easier. I've had over a dozen homes at once, I'm a woman I raised six kids (some not mine and with no child support or any other benifits not even foodstamps) whom are grown now I have two small ones at home, I have a disability, and need surgery also (spinal stenosis) along with other muscle skelatol diagnosis' I never recieved disability money but started out with 222.00 monthly income on Welfare at 18 years old with my first home. I never worked for a wage only commission sales. (look for internet oppertunities) Recently I bought a new built home for cash in a wealthy retirement area (because its nice) don't wait for something or someone to come along to bail you out you gotta save yourself...............and don't be physically financially or emotionally dependant on anyone ever. You can do this and keep some benifits when you start as a business ask these agencys supervisors or call your States Governors Aid to refer you to those program directors, they will be helpful most prograsms use income tax profits as your income and as you know there are a lot of tax shelters in realestate. Good luck it can be done but it takes more intestional fortitude than any lender can offer.

There is anticipated to be an increase of over 800,000 new renters in 2009. WOW does that spell opportunity or what? To further add to that opportunity, consider the fact that during the recent housing boom a large number of former apartment buildings were converted to condominiums, thus reducing the number of available rental units. Basic laws of supply and demand dictate that when demand is high the cost goes up. This pertains not only to rents but also to future resale.

There are various ways to get started, depending on your financial abilities and risk tolerence.

Single Family Homes: The easiest to acquire and maintain. Prime opportunity exsists in this market through the purchase of REO (bank owned) properties. Financing is also somewhat easier to obtain.

2-4 Unit Buildings: Also prime for REO purchasing. Fall into regular residential financing. Increased cash flow potential, and decreased financial risk as a result of multiple tenancies.

Multi-Unit 5+: Buildings of more than 5 units. These properties fall under commercial guidelines both for property valuation and financing. When considering the purchase of a multi-unit building the services of a professional commercial real estate agent is strongly recommended.

Stacey Maxwell
Classic Investment Community
www.realinvestormatch.com