Comments on: It’s Wise to Wait on Real Estate Investments http://7percentmortgage.com/2007/08/27/its-wise-to-wait-on-real-estate-investments/ Lock it in! Mon, 27 Aug 2007 20:59:24 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Morty http://7percentmortgage.com/2007/08/27/its-wise-to-wait-on-real-estate-investments/comment-page-1/#comment-9 Morty Mon, 27 Aug 2007 20:59:24 +0000 http://7percentmortgage.com/2007/08/27/its-wise-to-wait-on-real-estate-investments/#comment-9 @ WBL I entered the market at a good time in the late 90s in a depressed urban area that boomed. I rolled up equity in the homes throughout the beginning of this decade and have slowly been deleveraging since around the end of 2004. @Hugh There are deals out there, but for unseasoned investors the risk/reward ratio has become much less favorable. @ WBL
I entered the market at a good time in the late 90s in a depressed urban area that boomed. I rolled up equity in the homes throughout the beginning of this decade and have slowly been deleveraging since around the end of 2004.

@Hugh
There are deals out there, but for unseasoned investors the risk/reward ratio has become much less favorable.

]]> By: Hugh Gordon http://7percentmortgage.com/2007/08/27/its-wise-to-wait-on-real-estate-investments/comment-page-1/#comment-8 Hugh Gordon Mon, 27 Aug 2007 15:38:27 +0000 http://7percentmortgage.com/2007/08/27/its-wise-to-wait-on-real-estate-investments/#comment-8 As an investor myself, I would say look for the deals and pick up what you can. Not everything will be worth it, but still some are. Doing foreclosures and REO’s will be tough unless you have cash at hand or backers. Plus banks are seeing investors as sharks (or crabs) at this moment. If you are a one-timer or someone that jumped on the money (aka flip this house) train. I would suggest stay out, because you may not have the reserves to hold or proven income to buy. Banks are returning to the 90’s when it comes to lending and you better be strong with both your credit and income to close on a home/s. Also including strong relationships within your team. Still a good time and again it will be said at some later point that some people have made millions during this down turn. Good luck! As an investor myself, I would say look for the deals and pick up what you can. Not everything will be worth it, but still some are. Doing foreclosures and REO’s will be tough unless you have cash at hand or backers. Plus banks are seeing investors as sharks (or crabs) at this moment.
If you are a one-timer or someone that jumped on the money (aka flip this house) train. I would suggest stay out, because you may not have the reserves to hold or proven income to buy. Banks are returning to the 90’s when it comes to lending and you better be strong with both your credit and income to close on a home/s. Also including strong relationships within your team. Still a good time and again it will be said at some later point that some people have made millions during this down turn.
Good luck!

]]> By: Wealth Building Lessons http://7percentmortgage.com/2007/08/27/its-wise-to-wait-on-real-estate-investments/comment-page-1/#comment-7 Wealth Building Lessons Mon, 27 Aug 2007 05:31:04 +0000 http://7percentmortgage.com/2007/08/27/its-wise-to-wait-on-real-estate-investments/#comment-7 thanks for the link. how did you accumulate 55 houses? is there a post about it? thanks for the link.

how did you accumulate 55 houses? is there a post about it?

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