Foreclosures are up significantly these days, and it's killing you and me. Americans are losing an incredible amount of equity as houses all around their own are losing value like crazy. The market is flooded with desperate sellers and limited financing options, while few buyers are willing to brave the market.
No one is immune. Even Fed Chairman, Ben Bernanke, appears to be losing value fast.
While it may not seem like much, solutions are being developed around us. It's in everyone's best interests to make this work. And, if you buy correctly now, it should be a lot easier to not only sustain in a tough economy, but profit as well.
I've long said that this is no market to be playing with flips and rehabs, especially if you have very little and/or no experience. The market is far to volatile for speculation as real estate investors. It's time to be searching for and purchasing rentals for cash flow.
My feelings about this are consistently confirmed by the number of international investors we have contacting Land Chasers these days. Investors from all across the world, and especially Australia, are aggressively coming into the United States seeking good, positive geared properties where they can make solid returns monthly.
What about you? Are you serious about putting your money in while the market is down? The returns can be incredible. It's up to you.