Real Estate investing
If you listen to the media, you would be lead to believe that this is the worst time to invest in Real Estate, but just the opposite is true.
Real estate, just like other investments, experience cycles., and what seems like a terrible time to consider purchasing real estate, actually may be a great time, especially with historically low interest rates. For those with stable finances and good credit, this market is perfect for purchasing an investment, rental property or second home.
And if you purchasing your first home, or have not owned a home for at least three years, you may be eligible for up to a $7500 tax credit. This tax credit is much like a interest free loan that is paid back over 15 years. Time is running out for this credit, so you would need to act on this before July 2009.