Real Estate Investing Blog

When you’re getting started in real estate investing - or even thinking about getting started - one of the questions that you’re sure to ask yourself is whether or not the time is right to become a real estate investor.

With foreclosures on the rise, the answer may be “yes and no;” but there sure are some great opportunities for those who are ready to take advantage of them:

(source)Foreclosure filings across the country in April increased 65% compared with April 2007 according to RealtyTrac. Another record month!

The West is still leading the way and the wildfires aren’t the only reason Californians are losing homes this year. California’s rate of foreclosure is over twice the national average with places like Riverside County reporting a 161% jump for first quarter of 2008 compared to 2007. Other cities across have even reported that they expect that a third of the real estate market in their area will consist of bank-owned property by the end of the year – one in three … unbelievable.

In other words, if your questions about getting started in real estate investing are questions like “Are there great properties available” or “Will I be able to get a great deal” the answers are a resounding yes. On the other hand, if you’re a little bit concerned about whether or not you’ll be able to turn around and be able to sell or rent out the properties, well, the right mentor can make sure that you get started on the right foot and continue to make great deals.

Which is to say, if you’re thinking about getting started with real estate investing, you’ll find that now is a great time.

This entry was posted on Friday, May 30th, 2008 at 8:10 pm and is filed under Getting Started. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.