So its a Buyer's market but if you already have a primary residence but want to use real estate as a start on a long term financial plan why don't you buy an investment property.
Everyone has to start somewhere...so start out with a 2 unit. With so many homeowners losing their homes the need for rentals will increase. Not everyone can afford to live in a fancy apartment building with rents over $1000.00. So become a landlord and offer people a nice apartment for a reasonable rent under a $1000. I have the following 2 units available now!
The first property is a 2 unit building that needs updating. Both units hae 2 bedrooms, living room, dining room, kitchen and a sunroom. The building has a full basement and a detached garage. it's currently priced at $99,900. Located minutes from downtown Aurora in an established area that can become part of the Historic District.
The second property is also a 2 unit with 2 bedrooms in each unit - living room, kitchen and bath. This unit does not need as much work as the 1st unit. Its on a corner lot with a paved area for at least 4 cars. It also has a basement and most utilities are separate. This unit is a short sale listed for $125,000.
Long term real estate is a great way to build an investment strategy. Buy and hold and as you near retirement you can cash out.
Call and let's start you on your way!