Grab Quick Profits As Real Estate Prices Soar
Real estate values rise and fall in cycles. Currently
home prices are nearing a top in many areas.
Skyrocketing housing prices in California are prompting
nearly a quarter of the residents to seriously consider
moving to areas with more affordable housing.
California had the nation's third fastest rate of home
price appreciation last year, behind Nevada and Hawaii.
Prices climbed more than 18 percent compared to the previous year, 84%
in the past five years and a whopping 338 percent since
1980.
Less than one in five... 19%... of the state's
households can afford the median priced single-family
detached home, which was $465,540 in September.
Guess what? Lots of these Californians are selling their homes
for big dollars and moving to other states where they
can buy a similar home for a fraction of the price.
Arizona and Nevada are prime target areas.
In those states the number of sales of homes to San
Francisco Bay Area residents has risen by as much as (gulp!)
6,000% percent. That huge demand forces prices up!
Here in the Phoenix area we are smack dab in the middle
of a home buying frenzy. In the last three months we
have put four of our rental homes on the market. Each of
them sold in ONE DAY! Offers above asking price are common.
Real estate agents are tearing their hair out because they
can't find homes for their buyers. Our listings with a
flat rate discount broker prompted dozens of calls from desperate
Realtors.
The other side of the coin is that it's very hard to
find good renters. Anyone with the slightest record of
financial responsibility is buying a home.
If you are a cycle investor you buy near the bottom and
sell near the top.
Is this the top in some areas? I can't say, but when homes are
selling a few hours after being listed it would seem to
indicate that we can see the top from here.
If you are in a hot area it is the perfect
time to buy and flip.
Start walking neighborhoods in the early evening and
weekends. Knock on every door asking, "Are you the folks
with a home for sale? Do you know of anyone who would be
interested in a fast sale?"
You will find properties! Some you may be able to sell within
5 or 6 days. Racking up a profit of five grand a week is not
impossible... if you are willing to put in the work.
With buy and flip you don't have to worry whether or not
a top is near. Using options just about eliminates any
possible risk. And a fast flip can be generated using the
"How to Make Money In Real Estate Without Owning Property" system.
There's money to be made... if you are nimble.
About The Author - Mark Walters is a real estate investor in Arizona. He uses options in his investing program as explained here http://digbig.com/4cefc
MORE RESOURCES:
 |
|
|
RELATED ARTICLES
Successful Property Letting And Management
Successful Property Letting And Management is not something that just happens, it is something that has to be worked at, and planned professionally. When a landlord or an agent has a problem let, it is almost certainly to do with the suitability of the selected tenant.
Four Reasons To Offer Seller Financing
An example of seller financing: Years ago I bought a rental property, and nine months later sold it for 15% more, without fixing or improving a thing. The easy terms are what sold it.
Boom or Bust
For those looking to invest in the real estate market?keep your eyes on the headlines. According to the Federal Deposit Insurance Corp.
Real Estate Investing - Protect Your Privacy
An irate tenant or disgruntled home-buyer, with the help of a willing attorney, can readily prompt a property search for a property owner in public records. The target of the search becomes someone who has deep-pockets as reflected in real estate assets.
Water, Water Everywhere on the Waterfront
Waterfront living is among the most desirable of locations in our area (Florida). The views and vistas are fantastic, not to mention the ability to walk out one's door to drop a line to fish or untie a line to enjoy boating.
Why Commercial Real Estate is the Hottest Retirement Asset
For small business owners, commercial real estate investment is the hottest new retirement asset. If your mind has already jumped to "REITs" - or shares in Real Estate Investment Trusts - think again.
Real Estate: The Consumers Will Have The Final Word!
"The first step toward change is awareness. The second step is acceptance".
Property Investment - What Future For the Biggest Bubble of All Time?
The Economist magazine published a special report in this months issue entitled "House Prices ? After The Fall". Some might call it pessimistic, alarmist, nonsense or worse but only the foolish would choose to ignore the research that comes out of a think-tank with the kind of resources that this highly respected publication has.
Master Builders Ask, Do You Know What Design/Build or Design/Construct Means? You Should
These real questions are answered by me and US Master Builders after receiving them from readers of my e-book, "Residential Development Made Easy."Question 1.
How Can I Stop Foreclosure on My House?
We understand the being in foreclosure is a scary thing. You are probably wondering how can I stop foreclosure on my house.
Housing Froth Creating Imbalance for Consumers and Investors
Home buyers and sellers should think twice before jumping into over-heated real estate markets. Fed chief Alan Greenspan feels the housing boom is economically imbalanced or uneven.
Time Is A Major Real Estate Wealth Growth Tool, So Use IT And Watch Your...
In Real Estate "Time" is a Wealth Development ToolsReal estate wealth,From The Desk Of Colm DillonHello, Colm here ..
Helpful Hints for First-Time Home Buyers
Buying a house can be a daunting task, even for someone who has
owned several homes. My husband and I recently purchased our first home together, and it was hard to find good advice that we truly found useful.
Things To Consider Before Buying a Condo Hotel or Resort Residence
Resort home ownership, such as condo hotels and fractional shares is different from typical home ownership. So it is important to ask certain questions before signing the purchase agreement on a resort property.
Before Selling Your Home
Here are some important steps you should take before you put your house on the market:1. Home Loan Approval for your next HomeYou don't want to be signing a contract to sell your house before knowing if you are qualified to buy another.
Business Credit Card Dirty Tricks
My system teaches people that the proper use
of credit is the fastest way to speed up your profits
in real estate investing.And you can use this system no matter what your
own credit score is.
Why Average Sale Price Statistics are Misleading
One of the most common statistics used when gauging the strength of an area's real estate market is the average sale price of its homes, but looking into that figure more deeply reveals just how misleading it can be.When listing a home for sale, most realtors establish a price for the home based on market comps of the area - taking into account what other houses sold for and how the home they are listing compares to those.
Alicante to Mar Menor - You can Still Find Cheap Property in Spain
The Murcia region in Spain benefits from some of the most beautiful coastlines of
Europe. Nowhere else will you find so many fascinating contrasts - with Spanish
Mediterranean architecture, magnificent mountain ranges and beautiful long sandy
beaches.
If You are Hiring a Neighborhood Specialist to Sell Your Home, there are Some Things You Absolutely
My husband and I were eating breakfast at the Good Egg the other morning and couldn't help but over hear a fellow talking to his elderly parents about their home. It was fairly obvious that his father had a hard time hearing and the louder he talked the more I was tuning in to what he was saying.
Why Property Investors can Crash and Burn
Many experts say you can't lose if you put your money into Property. Not true.
|