Real estate investing blog header
confessions of the wholesaler ebook

Archive for the 'Distressed Houses' Category

Wanna-be real estate investors who are waiting for “the sign” to proceed in this industry, read the statement below and digest it well:

 Distressed houses accounted for nearly 50% of home sales in February across the country.

 If there’s something that needs to be stressed here, its “opportunity is staring at you point blank.” The survey, conducted by Campbell/Inside Mortgage Finance Monthly, is actually not that surprising. But to rise to around the 50% line, that’s a significant one. Imagine, one in every two houses bought last month was either through foreclosures or short sales. That’s how powerful (and profitable) distressed houses are in the current market. And if these budding or wanna-be real estate investors want an omen, they’ve got it. Here’s your sign.

Late last year, Campbell/Inside Mortgage Finance Monthly found that foreclosures and short sales accounted for 37% of houses sold in the nation. That was already a huge number then. Now, you can view these as simple numbers or you can also see them as glittering golden opportunities. To say that now is the perfect time to invest in distressed houses is probably too obvious that I don’t even need to say it. Oh well, I already said it.

So if you’re among the many hesitant real estate investors, you have an opportunity to make money in real estate now. It’s up to you to take it. But study well before investing, keep that in mind. You don’t want to jump into whatever is hot and end up burning yourself. Learn the right methods and act fast afterwards. 

0 comments Posted at Distressed Houses