Everyone is well aware of the current financial climate. Credit has dried up, foreclosures are raining down and people everywhere are tightening their purses. The days of almost immediate profits in real estate via speculation, gambling and unethical methods are over. Why then, do people keep asking and offering property investment advice? Simply put, because while the above is quite true the current economic crisis has also provided a series of unique real estate investment opportunities.
While this is no time for undisciplined investors looking to make a quick buck, disciplined businessmen will find that the cost of obtaining a house is at its lowest point in years. Debt and the threat of foreclosure have led homeowners to sell their houses for 70% or less than their fair market value. Investors who do their homework will find this is a great time to obtain properties cheaply and either flip them immediately to larger investors for minimal but low risk profit or resell them for a larger profit once they have remodeled and renovated then. There will always be a market for appropriately priced houses and there are alternatives to an immediate sale that can be equally advantageous. Leasing with the an option to purchase at the end of the lease, for example, will generate at least enough income to pay for the mortgage and a person who is interested in a lease with an option is very likely seeking to purchase the house at some point.
Yes, the economy has stalled and everyone is suffering the consequence. The lack of credit and the continued layoffs have reduced the number of people purchasing homes. But for those seeking property investment advice I will only say this: unique and exclusive opportunities are available to those who are intelligent and disciplined enough to make the most of them.