Real Estate Investing

By
Real Estate Agent with Prudential Rocky Mountain Realtors

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.

 

Comments (3)

Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Linda,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!

-Keith

Feb 05, 2009 03:41 PM
David Painter
Keller Williams Realty - Spartanburg, SC

Good to have you on Active Rain.  This is a good site for gathering information and interesting to see what others are blogging about. Contact us if we can be of service to you. We would be happy to send you a referral or to take good care of any referral you would send to us.

Feb 06, 2009 02:45 PM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

I know, I can't understand the media saying don't buy now. WHAT? Low prices, low interest and people needing places to live because of foreclosure, makes for a perfect storm of a reason to buy investment properties. If the prices are low now, what direction does that leave for the value of these homes to go when the economy finally does turn around?

Welcome to the rain and let's show the public what the truth is about real estate!

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Feb 08, 2009 06:10 PM