Real Estate Investing

[SabreBill30]

With prices dropping and all, when is the right time to invest in real estate?

[treydawg]

Probably another year. There's still a ways to go.

[sukie]

Minimum 6 months. I'd await the election to see what shakes out. Prices are pretty low now but mortgages are a bit harder to come buy for the speculator.

[anEinherjer]

Right now.


Come buy my house in Virginia.

Investers are starting to get back into the market down here. (No really, heard it from multiple sources in the last week)

[JayHall93]

Now's the time to buy, especially outside of your own area. Big cities like Dallas/Fort Worth for example have tons of foreclosed homes. If you had an ass load of money, you could turn a hell of a profit renting right now.

[BuffaloRedleg]

its like stocks right now, Invest now and expect some losses but you will gain in the end

In general, but something that is undervalued because of the "recession" or whatever it is. It WILL go up but you will need to have some balls to go through some tough times. For example (in stocks), Warren Buffet is buying like crazy right now even though he knows he is going to get him for a little while. Its all about about buying things that are consistently solid that are runnin low right now. They WILL be back. Same with Real Estate.

I'd be lying though if I knew the intricacies of real estate but I imagine its similar.

[treydawg]

Again, there's still a ways to go. Jumping in right now wouldn't be the prudent thing to do.

[gilchristfan]

Now's the time to buy, especially outside of your own area. Big cities like Dallas/Fort Worth for example have tons of foreclosed homes. If you had an ass load of money, you could turn a hell of a profit renting right now.

I'd agree. It depends on how he's talking about investing.

If you're looking at buying a house to flip it...right now might be tough. That is unless you can find financing and are willing to make payments for a while.

But if you're planning on renting one out, you could do pretty well right now. All subject to financing.

[SabreBill30]

I'd agree. It depends on how he's talking about investing.

If you're looking at buying a house to flip it...right now might be tough. That is unless you can find financing and are willing to make payments for a while.

But if you're planning on renting one out, you could do pretty well right now. All subject to financing.
I would buy and live in it for about 5 years.

[anEinherjer]

With a "live in" plan for 5 years now is definitely the time to be looking around for bargains. Foreclosures are happening not on the shitty cheapest places but the ones where people really overextended themselves to get something nice.

I'd guess. :D