August 29, 2006 by RichK.

With capital area real estate markets cooling we are begining to see HUD homes stay on the market longer. This is also true for all homes. When a HUD home does not sell in the first eleven days it becomes available to investors. For the first eleven days HUD homes are only sold to owner occupant purchasers. When a HUD home is relisted the owner occupant bidding period is reduced to five days. It them becomes available to investors on the sixth day. Also after the initial owner occupant bidding period BIDS ARE OPENED DAILY. Investors have not been able to find many HUD bargains in the past few years. That is not true anymore. Forclosures are on the rise. With gas prices increasing, people moving closer to there jobs, local urban revitalztion, home prices leveling and RENTS INCREASING now is the time to keep you eye open for HUD bargains. Real Estate is still the best investment. If you are an investor or would like to start investing in real estate give me a call 518-265-0401 or send me an email MailTo:RichK@Real-e-SmartRealty.com . We will discuss your investment goals and needs and set up Instant MLS eMail notifications of just listed, relisted and price changed HUD, VA, and bank owned homes and real estate.

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July 18, 2006 by RichK.

I think the question should be why wouldn’t you invest in real estate. Real estate has historically only gone up in value. Remember they bought Mannhattan Island for $24.00. Will Rogers said “buy land they aint maken anymore”. If its got location, location, location you can’t replace it. Real estate is also a stable investment. Can you determine what one technology company’s stock is doing by comparing it to other technology companies? No. You can with real estate. It is called an appraisal. One is done with every purchase. Your home’s value will not differ drastically from neighboring ones. If you have 10k you want to invest how much stock could you buy? Answer, ten thousand dollars worth. Now how much real estate could you buy? Answer, with 10% down one hundred thousand dollars worth. Now lets assume both investments appreciated 10%. What is your return on investment capital? Answer, if you invested 10k in stocks your stocks are now worth $11,000. You made $1000 or 10%. Compare that to real estate. You invested 10k in a home worth 100k it is now worth $110000. You DOUBLED your money. Your return on investment was 100%. If your real estate investments are collecting rents than you have not only bought 90% of the place with other people’s money, other people are paying back the loan. Ideally with a positive cash flow on top of that. Real estate has made more people rich more times than any other investment. That is why I not only sell real estate. I also invest in real estate.

 A lot of investors have gone into hiding in the past few years. It is not that they were not making offers. They are getting out bid on homes by owner occupants. Owner occupant buyers are generally willing to pay more. With the market cooling I think you will see some good buys. Be ready sign up for my email notifications of just listed homes, multi families or land. http://www.instantmlsemail.com/

If you have a question or would like to post a comment about investing in Tech Valley Real Estate send me an email: MailTo:RichK@Real-e-SmartRealty.com . I will send you back a password and you can start blogging.

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