Saturday, February 6, 2010

Does the real estate market suck?


A lot of news media are reporting that the real estate market is in the dump. Is it?
Looking at homes that were purchased between 2004-2006 your equity went the wrong way. Everyone thought that the prices wouldn't keep going through the roof like those years. No one ever thought the prices would slam dunk down like they did. In some areas these homes went down 70%. That's huge!

Looking at 2009-present prices have still went down but not by much. In some areas they've actually went up. The key to buying in today's market is buying homes in great areas, high rents, great equity for the lowest prices. Finding these areas is hard to find but they are out there.

The areas I personally invest in is Lansing Michigan, Euclid Ohio, Shaker Heights Ohio, Maple Heights Ohio, South Euclid Ohio, Cleveland Heights Ohio to name a few. These areas offer me and my investors great returns now and mega equity today and in the future. The rents or land contracts are high and the homes are cheap.

I think buying today will help you create wealth in the future. I've personally did it in the mid 80's in the Phoenix, Arizona area. I purchased condos for $15,000 in Mesa Arizona. These homes created great wealth in late 90's. I made a great rental income up to that point with my same formula. Great areas and high rents at cheap prices.

So remember that buying today will make you a great income and create wealth today and in the future!

--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/

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