When is the right time to invest in Real Estate?
That’s a question Dean Grasiozi is often asked and the answer is simple, the time is always now, especially since the market has slowed and homes are being listed for longer periods of time—meaning the price continues to drop.
In April of this year, inventory of homes on the market rose by 10.5% with about 4.5 million homes listed as for sale compared to the same time frame in 2007. So there are bargains to be bought.
There are a number of niche markets that prospective real estate investors should consider looking into:
a) For Sale by Owner Market.
b) Condominium market.
c) Foreclosure market.
d) Resort and Vacation home market.
If you’re looking to buy something in a geographical area you don’t currently live, Dean Grasiozi suggests you use the World Wide Web to find articles and information about the area you’re interested in. There are a number of websites that keep up to the minute information about trends in real estate and the perfect place to look.
You might also consider making sure you have other professionals on your team to help you with questions that come up when buying investment real estate properties.
- A Real Estate attorney is great to have especially one who is experienced in handling all types of purchases.
- A Contractor is useful when you’re looking to buy a property that needs fixing up.
- A certified public account that knows real estate and preferably has already purchased several properties.
- Of course it is quite possible to become a successful real estate investor without any of those aforementioned professionals.
So there’s no time like the present to start buying your own real estate investment properties and add to your investment portfolio.
