Real Estate During A Poor Market

By Doc Schmyz

First let's establish a few ground rules for this article.

1) The market has had a down turn before and people still made money.

2) Not every deal will fall into a cookie cutter format.

3) Not every tactic or idea works in the same in every part of the country. ALWAYS check local laws pertaining to real estate transactions.

Ok...now on with the article.

So home values have fallen in your market, this doesn't mean that you, as a real estate investor/professional, are out of luck. It only means you need to add new d tools to your real estate investing tool box. (Be warned I use "tool box" a lot.)

Finding Deals and Marketing property

Besides the normal channels of real estate agents and brokers (still the best way to find good investments in my opinion) you have a vast amount or resources at your fingertip with the Internet.

You can join website communities for investors, follow blogs, get in on group discussion etc. You can even start your own website for investors and network. All of these things can lead to new and interesting deals.

Several investments have come to me via the web. I also have gotten many tips from other investors on investments and financing issues. Never over look the value of belonging to an "investor community website."

I honestly feel that in the upcoming years the majority of investing will shift to being web related. Not just in finding investment projects but in doing the research for them as well as the funding process and the majority of the marketing/exit strategy as well.

Finance

Everyday we are hearing about how the current market and credit crunch is making getting loans harder for everyone. This is currently a fact. No way around it. The loan process has changed. So what options are left?? The answer is several.

Owner financing. Lease options. Assumable loans.

The above mentioned will become the big trends in the next couple of years. I am waiting to see the lenders change the loan guidelines in the next few months to "re introduce" the assumable loan. We are already seeing a HUGE trend in short sales. (This was a practice that was used only in limited capacity in the last 10 years by most lenders now it seems like every other distressed listing is a short sale in some cities.)

Please don't let the current market conditions scare you in to sitting this investment period out. Take the time to do the research on finance options, look into building a LLC perhaps. Find out about buying real estate with your IRA. Etc, etc.

Buy books. Read investment strategies of the big names in investing. Use the time to educate yourself and above all be creative.

Don't let panic drive you off with everyone else. - 23229

About the Author:

Doc Schmyz has invested in Real estate all over the U.S.. His website gives hundreds of investors up to date real estate investing information Get more info from across the U.S. on Doc's real estate investing resources page.