Short Sale Investing In Rough Times
We got a little bit off theme yesterday. Nonetheless, we wanted to stay off theme for a little bit longer because minnesota short sales and foreclosures have been increasing. They have caused some interesting things to occur in the real estate market.
Is it helpful to have your money sitting in a bank account making one percent? That is a very bad return, but it is secure. Yet, how safe is it with the rate of inflation. There are opportunities to be getting 10-20% on your money right now with real estate. I remember working in 2005 when investors were simply happy to break even. Nonetheless, now with prices so low and rates so low there are opportunities everywhere. You might potentially earn $300-$500 a month with 20% down by means of a rental house.
We are chatting about that today because with all of the short sales and foreclosures we are working with there are lots of buyers that are investing in real estate. When everyone is getting out of the market and having a difficult time, this is the point in time to invest. Rich Dad, Poor Dad is a great book that goes hand in hand with the times of today. It talks a great deal on the subject of being smart with your capital.
Just today, we called Aurora and got an automatic reply that said they got our package on July 29th and that we should allow until December 15th for package review. Can you imagine the ordinary real estate agent waiting until December to call and check on their folder? We will essentially call tomorrow and confirm on the file. At the Josh Pomerleau Group we comprehend that daily dedication to your short sale will get it completed in a timely manner.
Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota
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