This is my first ever blog post, but what better time to start one then right now. We have had a very interesting year featuring a myriad of different twists and turns. When we started out the year, we basically knew where we were headed and by the end of the year, no one knew which way to turn next. Every day something new happens and I have had so many thoughts and concerns that I decided it was time to start writing and share them with you on a regular basis. I want your comments and feed back as we take on the golden era of real estate investing.
I am actually very excited about the real estate market that we find ourselves in right now. Many of us have been saying that this is one of the best times in our lifetimes to be an investor, and the closer we get to the end of the year, the more real that statement becomes. The government keeps stepping in to bail out everyone except the ones who actually need the bail out. While that may seem cynical, it has presented us with even more opportunities and the longer the government tries to figure out what to do, more confusion lingers in the market. This only prolongs our window of opportunity as investors.
Prices have dropped and rents have increased to a point where we can, if we have the knowledge and resources, create a very good cash flowing portfolio for a long time to come. It has become very difficult for the average homeowner to qualify for FHA and Conventional mortgages which has created a need for an industry that has been demonized by the media and politicians over the last few years. But today, even though they are not apologizing to us, they are quietly asking for our help and creative initiative to step in and help fix this economy. It is now our time to shine!