REI Wealth Monthly Issue 07 | Page 59

A GREAT TIME TO INVEST IN REAL ESTATE LEX LEVINRAD Between now and the day that you die, you will never get another opportunity to buy real estate at such cheap prices. Higher than any other type of investment that you currently have. For this reason many of our investors are liquidating real estate in other countries and even their stock portfolios in order to invest in single family houses that can be flipped for a profit. The returns that are being made right now in this market cannot be found anywhere else. And this is especially true if you live in a country where you are worried about the stability of your currency or economy like many countries in Europe right now. Houses that sell at higher prices still suffer challenges because so many buyers cannot qualify for a mortgage. As long as banks are reluctant to lend, it will be hard for this market to move significantly. However, there is still opportunity for cash buyers to fix and flip these houses for even larger profits. The key is to find a buyer that can get approved for a mortgage which is still very challenging. Over time, as banks begin lending again this market too will improve and we are already seeing signs of improvement in this market. In summary, now is a great time to be b uying real estate. This is a good time to be investing in real estate regardless of whether you are a first time home buyer looking for your first home at a great price, a real estate investor looking to fix and flip a property, or a potential landlord looking to buy real estate and hold rental property for the long term for cash flow. Many retirees are taking advantage of the discount in prices to buy themselves their retirement home at a fraction of what they would have paid just five years ago. Returns for landlords on rental properties are the best they have ever been. If you are looking to buy rental properties now is the time to buy. Do not wait for the media to start painting a rosy picture about the real estate market before you buy. 2013 might just be the year when the shadow inventory hits the market. This could be the year which in hindsight will turn out to be the unprecedented real estate buying opportunity of your lifetime. You must take advantage of this and start buying real estate right now while you can still get great deals at great prices. Remember that prices have already started moving up.