Market Trends and Condition

Some of the nation’s real estate markets that have
traditionally been considered “bad” areas to invest
are experiencing a big turnaround.

Lexie Puckett recently wrote an article for Realtor.com where she highlighted 10 towns that experienced grown in the second quarter of 2013.

“Oakland, Orange County and the Santa Barbara-Santa Maria-Lompoc area in California are leading the nation in housing recovery, according to the realtor.com® Turnaround Towns report for the second quarter of 2013. And Detroit is an unexpected winner, showing up as No. 7 on the list.”

Top 10 Turnaround Towns

Saw this article, had to share, will be a lot more buyers in the marketplace very soon! Great for flippers and those of us selling on lease option!
http://themortgagereports.com/13372/fha-waives-foreclosure-waiting-perio...

Finding properties

The first and probably biggest hurdle that you are going to have to overcome, is finding “The For Sale My Owner” properties. The internet is going to be your best weapon here. While there are a host of websites that offer access to these properties for a monthly or one-time fee, you can probably find most of them through different online forums and free online classified websites. Craigslist is one such website that offers its user’s free access to post and respond as needed. You can also go to www.backpage.com, or www.upillar.com to do these same searches. So begin your search at one of these websites. Try doing a search on a search engine for “for sale by owner” properties in your area to see what else you come up with.

Over at DoctorHousingBubble.com, an article this week speaks negatively about the influence of investors, particularly the big players buying up foreclosures. The old Greenspan comment related to “irrational exuberance” is resurfacing related to real estate investing. The article states that Wall Street and the big banks and institutions are inflating this new asset class and creating a new boom and bust cycle.

An article from a friend of mine:

http://www.noradarealestate.com/blog/10-rules-of-successful-real-estate-...

Ive found properties that i want to make offers on but I'm a little confused on how to effectively get comps for said properties. I know that i get my RE Agent to pull comps on similar properties in that area but how should i go about looking up comps on my own. Do i use websites like zillow, truila, realtor.com and compare the SOLD list with the comps my agent provides or what? This is my last hurdle to overcome before putting the 25:1 system to work. Also, should i run comps on all properties im interested no matter if its listed on the MLS or FSBO? any help would be appreciated.

For many years, Florida has been a hot bed for international investors…especially Canadians.
As the market continues to shift, so do the investors … this is EXTREMELY evident in Detroit,where many Chinese investors are “rolling the dice” on a real estate turn-about!

When we hear the word “bankruptcy”, we normally relate it to an individual or a company. But how often do you equate a bankruptcy with at city? Well, the city of Detroit filed for bankruptcy on July 18th of this year!

With this news … it provides an incredible opportunity for investors to market oversees & work with Chinese investors, who are literally buying 100’s of properties. The news reports have made it clear that the majority of the Chinese cash investors speak

“Boom time is back,” is a statement in an article this week that is really a bit strong. However, there are a number of indicators that real estate is entering an improvement trend, and many analysts believe that it’s going to be this way for some time to come. The recently released S&P Case-Shiller Home Price Index report for the first quarter of 2013 showed the index soared by 10.17 year-over-year percent in the quarter.

This was the biggest single quarter increase year-over-year since 2006. The quarter-to-quarter increase was 3.94%. The Index tracks 20 major cities, and in the quarter all 20 posted price gains. Phoenix recorded the greatest increase of 22.4%. It was closely followed by:

• San Francisco - 22.2%
• Las Vegas - 20.6%
• Atlanta - 19.1%

I am researching a city for potential investment properties (wholesale and buy and sell). I new, so still learning. I am using Zillow, Realtor etc for market information. These websites are showing there are many props for sale in the city and very little recently sold. What does this disparity mean?

No, we’re not talking about being deceased and your will. We’re talking about the exit strategy for the real estate investor with long term rental properties, whether single family residential, multi-family, or commercial. Sure, you can start out with the plan to hold properties as long as they’re producing great cash flow, but at some point you’ll need or want to change the plan.

Just Sell Each Property and Retire