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The Best Investment Advice You Can GetWith so many resources focusing on the negative aspects of the real estate market, it’s hard to remember the good. But, these are seasoned vets mainly who write depressing articles for magazines and give discouraging reports on television. They’ve forgotten how diverse real estate is because the best investment advice they can give comes from their small world where they have cornered themselves. You can’t see the jungle through the trees when you’ve specialized your skills in an area real estate and your market opportunity for deals in this specialty is running dry. You need to keep yourself as diverse as you can and be open-minded enough to migrate to other avenues in real estate in order to thrive. News: The latest reports show the diversity of the American Real Estate Market. The lowest median housing value across America was found in Danville, Illinois at $64,000. But, get ready for a heart attack! The highest median housing value stands at $790,000 in San Jose, California. Investment advice can go either way. You can look for lower priced housing in places like San Jose, fix them up and try to get ¾ of a million. You can also focus on finding low cost housing in places like Danville and try to drive the market. There is always going to be an upside to any downside in real estate. When the news is bad and the experts are conflicted, look for the opportunity. Buy and hold for better days. Design a creative deal and sell to a buyer the day you buy from the seller. No matter what the economy is or how real estate is doing in an area, a savvy real estate investor always has a profit opportunity available. Trends: In each of the cities that area is experiencing a price decline, housing inventories are on the rise. Some are as high as 57% in places like Portland, Oregon. Another interesting statistic about cities with a price trend decline and housing inventories on the rise is that the employment outlook is rather strong. Places like Sacramento, Las Vegas, Orlando and Dallas report a very strong employment outlook. These statistics were compiled by James Hagerty, “Where Housing is Headed,” Wall Street Journal, July 25, 2007. Investment advice seems pretty easy when taking into account those recent trends. But if you can’t read them the way a savvy real estate investor would, here’s one way to look at it. Many of the more major cities across America are offering lower-cost housing where more housing deals will be available and employment looks good. Do you see the dollar signs? That’s what it takes to look at the news and follow the trends yourself. ither way the news is written, there’s an upside for the savvy real estate investor. Either way the trends look there is a positive way for the savvy real estate investor to read them. When the market is low, buy. When it’s high, sell. If you haven’t even made your first real estate deal, start applying these principles today and begin flipping houses for FREE by starting your 7 Day Trial at INSTANTRealEstateSolutions.com! Brad Wozny |
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