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Smart Investing

May 14, 2010 · Posted under Glenn Hanon · Tagged with financial risk, foreclosed properties as investments, hey glenn glenn hanon, smart investors

Few will argue that the current Real Estate market is not tough, but history will prove again that those who take advantage of difficult markets find bigger rewards than those who wait for the market to fully recover. The reward is relative to the risk. What smart investors long for is a high reward with a low risk. You know the opportunities that, in hindsight,

have you beating your head against the wall saying, “Why didn’t I do something like this?” The real estate market is now offering opportunities like this to the savvy buyer, but you have to look for them. Depressed or foreclosed properties are one area to investigate but if you are not a seasoned investor showing up at the sheriff’s auction with checkbook in hand is probably not a good idea.

What should an investor look for? First if you are investigating residential real estate location is paramount. Nothing kills the re-sale of a property like a poor location. The second factor to consider is the surrounding properties. If the subject property would exceed the values of the neighbor’s homes then this might not be a good move. Finally the overall condition of the subject property is important when considering the purchase. If you are not good at estimating the real cost to bring back a home then you need the help of a pro. The experienced investors will know how much a roof will cost, what a new septic is likely to entail and the list goes on.

All of these are valuable assets when looking for the right opportunity in today’s market. You will need some of your own money too. Gone are the days when you can float the risk on the back of the bank, but make all the money. Lenders will not be willing to loan money if you are not willing to take the risk financially.

This will eliminate many from the market, but if you have capital and are looking for a good opportunity, they are out there. If you would like more information regarding this part of my service feel free to contact me at the office, 1-888-HEYGLEN

Posted by: Glenn Hanon