
The housing crisis has deeply affected the American public, with hundreds of thousands of people losing their jobs due to the subsequent recession caused by the bursting of the housing bubble. However, there is one silver lining to this crisis – property investing. The recession has opened the doors for many Americans to take a chance in real estate investing. It has given thousands of people who lost their jobs the opportunity to get back on their feet through property investing.
Aside from a huge increase in the number of foreclosed properties, the housing market crash has also pulled down property prices, making it easier for real estate investors to purchase houses. So if you’re considering investing in real estate, here’s a list of reasons why you should take the plunge now.
CHEAP Properties. There are hundreds of thousands of undervalued and foreclosed properties across the country right now, many of which are selling for under 50 cents on the dollar. What this means is that you only need a small amount of capital to purchase a house, renovate it, and then sell it for a nice profit.
No Money Down Investing. Perhaps the biggest draw in property investing is that you can do this even if you don’t have money and no credit. This “No Money Down” investing is particularly evident when wholesaling houses, wherein an investor purchases only the contract to a house, not the property itself. A lot of veteran (and rich) investors have been wholesaling houses without spending their own money and without having their credit history pulled. If you want to learn more about how this system works, visit www.REIWired.com, which features videos, articles, e-books, and other educational materials that deal with everything about real estate investing.
Lot of Buyers. The claim that there are no buyers in today’s market just doesn’t hold water. There will always be buyers. People need roofs over their heads. Those who were evicted from their homes due to foreclosure will look for smaller houses for their family. You can be that person who can provide them their new albeit smaller home if you’re in the property investing business. On other hand, since houses are now cheap, families who now have the chance to move into bigger and better houses will certainly do so. In fact, many American families have taken this opportunity to move into bigger houses located in better neighborhoods.
The housing crisis may have brought hardships to most Americans. But if you’re smart enough to see the silver lining, you can use the housing crisis as a springboard to living the life you’ve always wanted. A lot of real estate investors have already done so. You could be the next.
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