There's never a particularly bad market in Real Estate.  What is required to invest in Real Estate is doing one's homework.  Finding good values in Real Estate is all about finding the right place at the right time.  What has dropped in some areas is market expectations more than market values.  Most people who have owned their homes for at least a few years still have significant gains in their property.  No one can be a successful investor without taking on risk. The trick is managing it successfully.  A buyers market allows a buyer not to feel pressured to buy and allows them to do the necessary research.  For investment property you should be looking at cash flow.  The rental income should be able to cover the mortgage payment.  You should also have some cash in reserve to cover vacancies and repairs.  If you are looking to buy a personal residence or a vacation home the house payment should be no more that 40% - 45% of your gross income.

 For a free consultation please feel free to contact me at (800) 552-1188.

Lynne Dewar

Lenders Direct Mortgage

Sr. Mortgage Consultant