Tips for Today: Investors on the Prowl
Tips for Today: Investors on the Prowl
by Dr. Neil R. Euliano
Investors are still working hard to cash in on bargain prices. Some investors are going into distressed areas and buying up boarded properties and turning them into rentals. An easy way to spot investors these days is an ”all cash” sales transaction. According to many sources, these investors are beneficial to the real estate market and are buying these properties for solid positive rental returns.
Add to that, when they purchase these properties, they usually hire electricians, carpenters, roofers and other general trade personnel and are adding to the economic, hopefully, upturn. It is not too late to enter this market and participate in the purchase of these depreciated properties. Whether you are interested in small or large ticket items, there are still plenty of great bargains for the prudent buyer.
In the past some of the smaller investors have tried to stay ‘close to home’ with their purchases, but with great deals in every marketplace people are not afraid to buy properties in out of the way towns and hamlets. If history is any indication as in the past, these bargains will soon ebb and we will return to a more market adjusted prices. The word for now is keep looking for these great bargains because they are still out there.
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