Thursday, August 20, 2009

Today's market ideal for investment properties

Today’s real estate market represents a tremendous opportunity for buyers that would buy a home, condo, or duplex as an investment. Interest rates are low, values are excellent, and demand for rentals in strong.
There is a right and a wrong way to invest. The wrong way helped lead to the financial crisis that we have been going through the last 18 months. Small or no down payments, exotic loans where the payments where not even covering the interest on the loans, loans that ballooned (came due in three to five years) or loans that had adjustable interest rates. Buyers and/or investors where able to buy homes or investments, without documentable income. This type of investing was extremely speculative and depended on continued strong appreciation. ...