Where is the Help for Investors?

By
Real Estate Agent with STL Buy & Sell Real Estate Services 2006005375

I know that sounds like a crazy question! I know they have money and it is the small person who needs the help buying a home BUT WAIT! Here me out. I think the federal government should extend some help to investors along with helping the first-time home buyers. This would not just help them but it would help our economy.

First of all, the market has tons of foreclosures out there which will need to be bought in order to help home prices for private sellers. Give investors an incentive to buy these properties. The average first-time home buyer cannot get financing on foreclosures because the homes will not pass stringent inspections and guidelines nor do most first-time home buyers have the liquid finds to fix the home. Investors do!

Second, getting these foreclosures off the market will open it up so HUD can release more foreclosed homes to the market, reducing their inventory, bringing money back into the government, and helping the burden on the tax payer of footing the bill (as usual).

And lastly, it is another economical and practical way to stimulate our economy. The federal reserve does not have to print more money or borrow it from countries that are in recessions themselves.

I know this seems too simple and there are various ways to do this but I just wanted to quickly throw my opinion out there. I know there are several different bills being proposed in Congress right now that would help out different groups (first-time home buyers, investors, all buyers, etc.) but I would like to see them extend the tax credit to buyers and include investors in it. Give them a reason to spend their money in "local" areas which will help the local economies as well as our national economy. Real Estate is a great investment for ANYONE!

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Thomas Hernandez

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