I was reading an Associated Press story that the government is beginning to look at investors in a favorable light. They feel investors have the money to buy in the distressed markets, because they have liquid cash.
Wow, government finally found out that hard working people, (investors) may be good for this market. I can tell you without any hesitation that is true.
Investors take no money from the taxpayers, therefore, unlike the car companies and the banks, the taxpayers have no liability. Investors go into these homes and take all the risk. They have to buy homes in most cases "as-is". That means no guarantees or promises from the seller.
Investors usually remodel the home and get the property back to paying taxes and rebuild the equity. That is a model for success. You ask why? It puts contractors and construction workers back to work. Contractors usually keep all homes in budget. Then banks can loan on these great properties, and the whole economy gets moving again.
Who would run the projects better in the end? An investor or Uncle Sam? I say the investor. It is their money and they will most likely be watching it closely.
Sure real estate crashed and the banks suffered. But so did the investors that had put a lot of money in rehabs. Investors helped the market then and they can help the market now.
One last thought..... Always consider who you are dealing with when it comes to investing. Look at their resume and check out what experience they have. Also, make sure they are currently investing too. Be careful of those who operate under the premise of "Do what I say, not what I do".
--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
No comments:
Post a Comment