Home Buying in Whiting>Question Details

Barbara Gaet…, Real Estate Pro in Whiting, NJ

IS IT A GOOD TIME FOR INVESTORS TO BUY AS AN INVESTMENT?

Asked by Barbara Gaetano, Whiting, NJ Wed Apr 8, 2009

Help the community by answering this question:

Answers

10
Stanley Team Austin Texas’ answer
In terms of the real estate market it is indeed a good time to buy in most parts of the Country. This is not true everywhere. Or even with in each state. As for investing , the concepts are the same regardless of the time. Do your due diligence and build a business plan. The real answer will be in the numbers, and can you handle some of the property being empty for a while, and is it a business you would enjoy doing. Owning investment property requires management and work, calls at odd times of day or night. IF you decide to invest, be sure it will cash flow even with repairs. And be sure you will enjoy the process.
0 votes Thank Flag Link Wed Apr 6, 2011
In terms of the real estate market it is indeed a good time to buy in most parts of the Country. This is not true everywhere. Or even with in each state. As for investing , the concepts are the same regardless of the time. Do your due diligence and build a business plan. The real answer will be in the numbers, and can you handle some of the property being empty for a while, and is it a business you would enjoy doing. Owning investment property requires management and work, calls at odd times of day or night. IF you decide to invest, be sure it will cash flow even with repairs. And be sure you will enjoy the process.
0 votes Thank Flag Link Wed Apr 6, 2011
Do you want to know more about investing during uncertain economic times? This article posted by RESCRO.NET website. Please read the entire article for more perspective.

According to RESCRO.NET : " Steps to Real Estate Investing Success" Please read the article and see if it has more information to help.

Some of the highlights about investing according to the article include:

"The process by which you can attain real estate investing success can be broken down into several basic yet important steps to your success:

* Choose your niche market. As a real estate investor, you will probably want to settle on a market in which you are most apt to be successful.

* Decide on a Plan. You will need to determine what it is that you hope to achieve through you real estate investment. "

There are several other factors included in the article as well. I have included the direct link to the other points as published by RESCRO.NET

"Aim for success, not perfection. Never give up your right to be wrong, because then you will lose the ability to learn new things and move forward with your life." Dr. David M. Burns

Michael Chalambaga
BROKER ASSOCIATE | Realtor
DeRiso & Haynes Realty - Texas

All information is provided "as is" with no guarantees or warranty. M. Chalambaga © 2011
0 votes Thank Flag Link Sat Feb 19, 2011
A TRUE Real Estate Investor can make money in any market no matter if it's going up or down. The true question for you is.....Is it a good time FOR YOU?

9 times out of 10 a Real Estate Agent or the NAR is going to tell you that...."It's a GREAT time to buy!!!" Why? Because they are salespeople who get paid when you purchase. It's their JOB.

These are the questions you need to ask:

What is your exit strategy once you buy the property?
Are you going to buy and hold?
Are you paying 50cents on the dollar to flip it slightly below retail price?
Are you diversifying your portfolio, 401K, IRA, etc?
Are you using traditional financing or using more creative techniques to acquire the properties?
Is this property going to be used by you or a renter/future tenant/buyer?
What areas are you looking to invest?
Are these areas creating jobs or are people moving out of the area?
Are you looking to invest in the United States or are you willing to look at markets in other countries?
Are you looking at investing in residential or commercial properties?
Will you be investing by yourself or bringing in partners to assume some of the risk(if there is any)?

It all depends on your personal investing/business philosphy. I'll leave you with this little bit of information....

Live where you want.....Invest where the numbers make sense! (compliments of the Real Estate Guys Radio Show)

Only you will know the answer to the posted question.

Best wises on your Investing future.

Darin
Web Reference: http://www.hhiinvesting.com
0 votes Thank Flag Link Wed Jul 29, 2009
Yes, this is a fabulous time to invest in Real Estate! Huge selection, low interest rates, and seller's that are very realistic about the market. Property values are down approximately 15% to 20% since 2006. It is said that this is the year. Sources say that interest rates will be going up next year & inventory will be going down. The time is now to get off the fence!
0 votes Thank Flag Link Wed Jul 29, 2009
I'm with Marc-now would be the time. With low interest rates and the down market its a great time to buy and wait for the market to recover.
0 votes Thank Flag Link Fri Jul 24, 2009
This is an outstanding time to buy investment property. Interest rates are at all time lows and others' losses are your gain. There's a great supply of properties in general, but a lot of what's out there is investment properties bought by people who didn't do the math first, and second homes. Real estate should be part of any truly diversified portfolio. Now is actually the time to consider building a portfolio of properties. Just remember, real estate is a LONG TERM investment. The the real estate market in the early part of this decade was an anomaly. If you can buy and hold, you'll do well to take advantage of today's market. If you're investing for retirement and you have an IRA, talk to a financial planner about purchasing real estate from your IRA. The tax implications can be as impressive as the long term gains. So if you're considering buying for investment, there's no time like right now!
0 votes Thank Flag Link Wed Apr 8, 2009
The BEST time is now. Low interest, lots of choices. Plenty of money. What else could you ask for?
0 votes Thank Flag Link Wed Apr 8, 2009
Hi Barbara, Absolutely! I'm working with alot of investors right now. No one has a crystal ball, but when money is cheap and inventory costs are down you can't beat it. Look at the difference between the cost of renting a property you can comparably purchase and the monthly payment to purchase it! Good Luck.
Cindy Vedder, Prudential California Realty
0 votes Thank Flag Link Wed Apr 8, 2009
You really have to evaluate what your specific needs are. It is almost always a good time to invest in real estate. Real estate tends to remain constant with a slow steady increase in values if you buy smart. By smart, I mean you need to evaluate your specific area. Are you in one of those areas that are inflating their prices - for example - think about what happened in Las Vegas over the past few years. If you are in a stable market property values have remained fairly stable in pricing - then it is a great idea to invest in property as an investment. There are also other things to consider - will this property be rented and will it cash flow? I personally feel that a property needs to cash flow to be worth the money. Consider other things - how long do you plan to hold the property? Is it for retirement? and will you want to sell it then or are you planning on living on the proceeds from the rent? If you are thinking about investing- be sure you talk to your tax advisor as well as your investment advisor and get their take on it and then ask yourself - what do I really want from this investment and then make your final decision with all that in mind. Just remember - most real estate continues to increase in value while the stock market has not been so reliable over the long term. Good luck in your investments!
0 votes Thank Flag Link Wed Apr 8, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer