Thursday, January 15, 2009

Time to Buy Real Estate

The perception that the sky is falling has turned into reality for many investors and property owners. While it is changing real estate market, the media and others truly not connected in the real estate world would have you believe that there is no money to be made in real estate. In almost every type of business or investment, it is best to get in when everyone else is getting out.

No matter where you live, there are several properties available that can be acquired for much less than appraised values. Now is the time that experienced real estate investors make their money. Many people like to sit on the sidelines and research ideas and plan out their course of action, but they never actually do anything. I have not met many successful real estate investors who "waited" for long periods of time to purchase in a down market.

This is the time to acquire properties, when they are cheap and the competition is slim. By accumulating a portfolio of properties when the prices are low, you can be in position to generate good profit margins when the cycle returns. Warren Buffet has become the most successful investor of our time by applying these principals to stocks-buying undervalued companies at a discount, and then selling them when they become overvalued and everyone else is wanting to buy. This is exactly what you should be doing in the real estate market-buying low when no one else is, and selling high as everyone jumps back into the market.

Nathan Anderson is a real estate investor who has completed over 300 real estate transactions. He coaches several successful real estate investors, has appeared on NBC, and is the author of
Making Money in Real Estate Down Markets.
http://www.amazon.com/Making-Money-Real-Estate-Markets/dp/1434844447/ref=sr_1_14?ie=UTF8&s=books&qid=1232051826&sr=8-14