Today’s market, simply put, is a GREAT time to invest in real estate if you are blessed with having cash, IRA funds, or 1031 exchange funds that need a home. The best buying real estate market of a lifetime.
As you may know, most American millionaires have made fortunes via successful real estate investments. They have purchased “well” and have sold equally well, typically over time. In this deeply-discounted, FDIC asset, Bank REO marketplace that exists today, let me caution prospective buyers to BE AWARE – of scams, fraud, and over promises made by unscrupulous providers. Remember, if it sounds too good, it may just be too good.
Due diligence and working with experts with a proven history of helping investors, like you, is so vitally important. My advice: drop the DIY (do-it-yourself) mentality associated with so many other aspects of your lives and seek out the advice, support and recommendations of professionals who have your best interests at heart.
Choosing your investment advisory may just be the most important decision in today’s real estate investment market. Take your time and be thorough in your search – heck, this is yet another area where the Internet makes life easier. A few things to consider:
1) How many investors, like you, did they help in the last year?
2) How much experience do they have in the property type you’re interested in?
3) Have they themselves invested in similar opportunities?
4) Will they provide a list of references?
Let me repeat… today’s market is the best buying real estate market of a lifetime. If you are blessed with having cash, IRA funds, or 1031 exchange funds right now, invest, and increase your chances of retiring more comfortably.