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Hi there
I probably have a stupid question. Is it a good time to buy as an investor. We do have a few houses ; only one is paid off, others have mortgages that we are paying and we are ok.
But i am tempted to buy again. I know I am crazy, but I love and get a huge thrill out of buying, renting and keeping onto property. I do think the market will recover long term so i am not thinking short term at all.
Depending on your market, it is likely that the next 12 months will continue to be a great time to get a good deal on property that you plan to hold for investment. But be sure you know how much demand there is for rental properties in your area because paying multiple mortgages without being able to get that money back from rent is a good way to go broke fast.
It IS a buyers' market - so just be sure to start your offer as low as possible...don't be afraid to "insult" them. All offers are a "place to start talking"!! And in this market, a lot of people really need to sell, and will take very low offers.
It IS a buyers' market - so just be sure to start your offer as low as possible...don't be afraid to "insult" them. All offers are a "place to start talking"!! And in this market, a lot of people really need to sell, and will take very low offers.
With that being said....don't forget that these are human beings who have put their time money and love into these homes and should not be lowballed because it is a bad time for them
Taking advantage of the disadvantaged isn't very humane
With that being said....don't forget that these are human beings who have put their time money and love into these homes and should not be lowballed because it is a bad time for them
Taking advantage of the disadvantaged isn't very humane
OMG, I've seen some bad advice given on CD, however this has to be in the top 5.
Are you kidding me? Giving advice that's strictly emotionally based? And your in the business? I HOPE noone agrees with you because that's just plain garbage advice.
Are you ignorning the fact that GREED got most people into this Real estate mess? They took on more credit than they could afford and it was their choice, NO ONE HAD A GUN TO THEIR HEAD TO TAKE OUT ARM'S. Its just like owning a credit card. Start buying more than you can afford and what do you think happens?
Now you portray them as "victims" and "disadvantaged"? ROTFLMAO.
How about all the people who play by the rules and save their money and most likely will end up "bailing out" these "disadvantaged" people? Very fair, huh? How about all the first time homebuyers who are STILL priced out of the market in many bubble areas waiting for prices to come back to reasonable/affordable levels?
I am saying that some of these people were first time homebuyers and didn't know how the game of hardball was played and they "trusted" their agent to give them good advice
these are agents that took advantage of the situation
that's what I am saying
no not all deserve to be "bailed out" but they all don't need to be "scrooged" either
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