Everyday we hear about the Real Estate market falling and falling.  I for one am starting to get calls on investors looking for deals. If you are one of those then ask yourself what strategy are you looking for?  Set goals and exit stratagies before you make any moves. Know where a good deal is for you and where you would want to get out. Then figure how much money your willing to put out there and for how long. The days of tripling your money are now far and few, so where do you want to be?

Land,

Great time to look as sellers are starting to realize that the current pricing is really high. They need to figure on about 25% of the housing retail price. So a good goal is to look at housing and consider making offers in the 20-25% range of that. Remember in today's market closing costs can be offered in the deal. This is not a rule just a strategy.

Homes,

Look for the motivated seller, pre-foreclosurers, fix-ups, homes with splitable land and take a long look on your reaeson for the purchase, Invest to rent, fix-up or second home, first home. Sell and carry paper.

The goal needs to be of the utmost importance. 

If you can get in and make a 25% return on your investment in the next year, that is when you ask yourself  is that enough.

The biggest mistakes I see are when the exit goal is overshadowed by greed. That mix fails 9 times out of 10. ESPECIALLY in todays market.

So what is your goal?