The housing market has a long way to go and we have not hit rock bottom yet. Next year when rates on many mortgages will reset which were purchased at the peak of the housing boom and as foreclosures will continue to increase there will be good places to look for some hot bargains. It depends on location but if you are a smart real estate investor you will have ahuge party going on next year as far as finding some really great investment opportunities.

I am in chicagoland area. Are you thinking of single family homes or multiunit? or both?

To be honest with you, it really depends on what is out there on the market. There could be a huge bargain on a single-family home, there could be a one on a multi-unit or a commercial building or storage facility.

It is important for you to know your local market and to look at the entire package of the deal when you look to purchase real-estate.

I wouldn't suggest that you confine your search to just one particular option but keep all options open. As with any market, if you don't have the expereince and don't really know what you want you may bet burned pretty soon.

I imagine that there will be great deals around the real estate market. I would definately consider both, single family and multi-units bit stay away from properties which require you to invest in in order to market that property.

I agree, great deals are abound. You should buy a single family as their easier to manage.

Depending on the area, great deals do abound, but what will happen after the first of the year if foreclosures increase?

The new bail out scheme could help inventories of homes on the market remain at the status quo, but an increase in properties will most likely further devalue home prices. This may give savvy home owners reason to have a tax readjustment for property tax reasons.

Wait another month to see the effects of the fallout.

If you have problems to manage real estate as an investment you shouldn't invest in real estate in the first place.

I would definately wait until next year before looking for deals in the real estate sector.

i'm going to start looking into Foreclosures very soon as I'm in the Northern California (Santa Rosa) area.

Anyone know the market here with a little more expertise than I have?

I'm also considering getting my license.

Any insights?

Hello as well, kinda new round here. Happy Holidays!

Kerry

I don't think its a good idea to invest now
according to me I am shifting to stock market
and will definitely return but after some time

I have always thought of foreclosures as the best way to invest in real estate. It is good as you can easily make profits anywhere between $10,000 to $50,000 in just 45-60 days. You can buy foreclosure homes, commercial foreclosures, or government foreclosures at 10-50% reduced market rates. But, certainly most of the time these properties would need some minor repairs, before you can actually start making a profit.

The fact is, there are always opportunities in all markets. You just have to do your research, and sometimes have the guts to buck the trend. Everyone is saying the housing market is a scary place to invest right now, but it's not really, if you do your homework!

Now's also a good time to look at rental properties. You can buy them "on sale", put a little bit of paint and work into them, and then rent them out. When rates eventually do rise, mortgages will become increasingly more expensive, but you'll have your low locked-in fixed rate. Those people that cannot afford a mortgage with these higher rates are prime rental consumers. The increased rates and inflation allow you to raise your rent over time, yet your fixed-rate mortgage remains fixed.

But if you have no experience doing this, you should hook up with someone who does.

hi friends

i am gaurav and i am from India. As per my views this is a very good time to invest in real estate. India is coming up with so many advancements thereby increasing the value of real estate. For a long run its a very good deal.

Flats are a very good deal. With emerging trend people are looking for more and more flats. It'll fetch you good money. One can purchase a flat and generate a regular income in the form of rent. Rents are sky reaching. So all in all its a good time to invest.

The real estate market is always a good investment when you can find a good deal and do not over leverage yourself. Always be prepared for slow turnover or vacancy.

In any deal, you should allow for a quick exit without taking on debt, in the process. That may mean you need more down payment or the property be worth much more than MV.

There are different formulas for choosing properties based on risk levels, you should choose one that fits your financial positon.

I have a question for all of you. It's kinda on the same topic so I'll spare creating a new thread.

I've been saving money for a down payment on a house for a while, but while saving I decided to go back to college. So now I work a lot of side jobs to bring in income (just about all cash) and, naturally, I don't have consistent flow of pay stubs. I want to buy a student rental property in the town my college is in; I have $10,000 for a down payment. Do I have to wait until I'm finished with college and get a full-time job before I can be approved for a loan or is there another way I can go about it?

The student houses in this town are pretty cheap ($95,000-120,000), the school has been improving/booming for the past few years and students are always looking for an off-campus house. I'd like to jump on this while the market is where it's at. Or do you think I'll still be able to find similar deals in two years, which is when I graduate?

Thanks in advance.

noone have exact answer for you . you should look for deal your heart say is right and go for it . fall in realestate prices are not as steap as other investment instruments so investing in real estate at any time can be a good deal