So call me Pollyanna, but I see wonderful opportunities in this market for real estate investors, first-time home buyers and those who always wanted to invest but couldn’t or were too scared before. It’s not for the weak of heart…and you have to be willing to do your homework, and seek good advice. But it’s those who are willing to take some risks, who gain the biggest rewards!
I recently became a member of BiggerPockets real estate investing on-line network, and have found some incredibly valuable articles, information and networking opportunities. Today, there was an article “The Good News of Recession” highlighting the advantages to investors of buying in today’s market.
It’s nice to hear my own thoughts confirmed by national ‘experts’. But it’s not rocket science, more like 
history! If we look at what has happened in the US in other ‘recessions’ or ‘down markets’ – it’s the people who were wise (and brave) enough to buy at that time who in the long run created tremendous wealth for themselves and their families.
Look at what happened in the Depression, the 70’s and the 80’s. If you can afford to buy real estate now – it’s the best time! Buy something where you can feel confident that there is some built-in equity at today’s values, and in an area that logically should improve in values. This is a time when we need to follow the traditional “old-school” real estate investing advice:
- Buy something you love – that you could see yourself in, because worst case scenario you might need to live there someday. Unlike stock, real estate is an investment you can live in
- Buy the worst house on the best block! That way improvements you make will bring it up to the values already established in your neighborhood.
- Create passive income – it’s a great time to buy rental properties. I have a vast network of top agents I can refer you to if Kauai is not your market.
- 1031 Exchange – learn about how to gain in real estate without paying taxes, until you’re ready to! I have a website under development with in-depth information and resources. Contact me at 1031@SusannaKunkel.com with your questions, and feel free to visit some of my favorite sites: www.orexco1031.com and www.1031exchangeadvantage.com. Your first investment now, can grow into multiple streams of income, by using 1031 Exchanges and leveraging your property. It can be confusing, call me and I’ll talk you through a vision of how this works.
[...] Great Opportunities in a Down Real Estate Market By Susanna Kunkel So call me Pollyanna, but I see wonderful opportunities in this market for real estate investors, first-time home buyers and those who always wanted to invest but couldn?t or were too scared before. It?s not for the weak of heart?and … Susie’s Kauai Real Estate Blog – http://susannakunkel.wordpress.com [...]
The present time is not ideal for the realty market. The decelerated pace has affected the sector. The leading banks have increased the interest rates of home loans and the inflation level is also rising. Therefore, putting together, the probable property buyers are feeling dejected. But perhaps there may be a silver lining. The prospective buyers are delaying their home-buying decision to buy properties because of a widespread conjecture of probable price reduction in times to come. How long one should wait and watch is however not known. Anuj Puri, the chairman and country head of the operations of the international real estate consultancy Jones Lang LaSalle Meghraj (JLLM) in India, says that the correction will take 4 to 6 months depending on the local trend of the market and the holding power of the developers operating in that location. JLLM also makes a forecast of 5 to 15% probable price reduction in different hyped micro markets of Pune, Bangalore, Gurgaon, Noida, and other such locations. The real estate India appears to be going through a rocky period. The real estate markets of South Mumbai, several other places in Mumbai suburbs, and some locations in New Delhi may experience a price reduction of even up to 10%. These areas already have seen unreasonable price trends. As per Mr. Puri, the problems for the developers to finish the existing projects as well as initiate new projects will escalate which will result in reduced incoming supply. This will also increase the consumption time needed for the existing supplies. The prospective buyer of India property will reschedule the decision of purchasing property because of his or her limited disposable income. Sonepat and Ghaziabad property market however has been quite stable and has attracted a lot of investors.For more view- realtydigest.blogspot.com
Hawaii is very Beautiful. as the real estate market held up well?
I can see apartments holding steady but rents getting some pressure due to oversupply and struggling owners slashing rents to prop up cashflow. Retail and office on the other hand have a big test coming up in the next 12 months.