Everywhere I turn people talk about the housing market and how bad this and that is, and also what a great oportunity it is for investors. True? Maybe!

The kind of investors that purchase foreclosures or short sales with CASH, are doing well! But what about the investors that need or want to use borrowed money? The interest rates for investor loans are up; the loan to value ratio has changed for investor loans requiring bigger downpayments;stated loans are a thing of the past even with great credit... you get the picture. There are lots of deals to be made, lots of bargain properties, banks need the investors to take the REOs off their hands, yet the banks are not doing anything to help investors close some of these deals.

So, even with all the possibilities out there, investors are not able to pick up as many deals as they would like! It is a shame because the purchase of these properties also creates job opportunities. Most of these houses have to be cleaned, painted, carpeted... and so on, providing employment for many small local contractors.