�Are Reo�s The Way To Go In Northern California!!?�
0 views
Skip to first unread message
Joe Mack
Apr 28, 2013, 9:20:02 PM4/28/13
to publish-the...@googlegroups.com
*****************************************************************
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Joe Mack
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=219227
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=219227
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: �Are Reo�s The Way To Go In Northern California!!?�
Author: Joe Mack
Word Count: 512
Article URL: http://www.isnare.com/?aid=219227&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=219227
Easy Publish Tool: http://www.isnare.com/html.php?aid=219227
*********************** ARTICLE START ***********************
Today in this crazy depreciating market is it a good time to invest in real estate? In Northern California I just keep watching by the day the number of bank owned properties increase exponentially. Every day I take a look at the MLS (Multiple Listing Service) and watch the properties pile up and the banks unwilling to budge. The problem is so many houses need major repairs not just carpet and paint. I have never seen so many houses with addition and poor construction of course they were unpermitted and must be removed. Once you step into one of these projects do you have the funds to stay afloat?
Don�t worry there is hope out there for the investor in Northern California. In Sacramento County there are so many bank owned properties that the banks are starting to lower the price to move inventory. They have properties that have cash flowing potential. It will depend on the amount of work and funds needed to bring them to substantial living conditions. Of course the other primary factor is going to be financing.
The financing is going to be the biggest determining factor for any investor. You are able to get these bank owned properties about thirty- percent under market, but the prices are falling so fast. Do you think that you will be able to pull your money out in time? It is becoming so hard to get traditional financing and hard money lenders are too expensive most of the time unless the deal is amazing. Do you know that there is a seasoning period after you buy your investment property before you can refinance and pull your money back out. The typical shorter seasoning period is about six to twelve months depending on your loan. There are lending institutions that will allow you to refinance in as little as a day. The catch is that they will charge you a higher interest rate. Typically the interest rate will be approximately one and a half percents higher than your typical seasoned loan. You also have to take into account the time it takes to process your new loan. That is going to determine if you are able to pull your money out or not. If you get a great deal you might be able to pull you money in time before the value decreases or just be there when the prices bottom out.
Certain media groups are still predicting a ten-percent decrease in values still to come. If you are out there to make the quick buck I don�t think it�s the right time to buy, but if you�re a true investor buy and hold is a great way to go. Take a drive to a Realtor that will let you make low ball offers and see where it takes you. If you�re a flipper I wish you good luck, it�s possible but not likely. Remember do your research and spend the time. Good luck in your future real estate investments!
About The Author: http://www.CraneInvestmentsOnline.com/
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=219227
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Joe Mack
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=219227
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=219227
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: �Are Reo�s The Way To Go In Northern California!!?�
Author: Joe Mack
Word Count: 512
Article URL: http://www.isnare.com/?aid=219227&ca=Real+Estate
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=219227
Easy Publish Tool: http://www.isnare.com/html.php?aid=219227
*********************** ARTICLE START ***********************
Today in this crazy depreciating market is it a good time to invest in real estate? In Northern California I just keep watching by the day the number of bank owned properties increase exponentially. Every day I take a look at the MLS (Multiple Listing Service) and watch the properties pile up and the banks unwilling to budge. The problem is so many houses need major repairs not just carpet and paint. I have never seen so many houses with addition and poor construction of course they were unpermitted and must be removed. Once you step into one of these projects do you have the funds to stay afloat?
Don�t worry there is hope out there for the investor in Northern California. In Sacramento County there are so many bank owned properties that the banks are starting to lower the price to move inventory. They have properties that have cash flowing potential. It will depend on the amount of work and funds needed to bring them to substantial living conditions. Of course the other primary factor is going to be financing.
The financing is going to be the biggest determining factor for any investor. You are able to get these bank owned properties about thirty- percent under market, but the prices are falling so fast. Do you think that you will be able to pull your money out in time? It is becoming so hard to get traditional financing and hard money lenders are too expensive most of the time unless the deal is amazing. Do you know that there is a seasoning period after you buy your investment property before you can refinance and pull your money back out. The typical shorter seasoning period is about six to twelve months depending on your loan. There are lending institutions that will allow you to refinance in as little as a day. The catch is that they will charge you a higher interest rate. Typically the interest rate will be approximately one and a half percents higher than your typical seasoned loan. You also have to take into account the time it takes to process your new loan. That is going to determine if you are able to pull your money out or not. If you get a great deal you might be able to pull you money in time before the value decreases or just be there when the prices bottom out.
Certain media groups are still predicting a ten-percent decrease in values still to come. If you are out there to make the quick buck I don�t think it�s the right time to buy, but if you�re a true investor buy and hold is a great way to go. Take a drive to a Realtor that will let you make low ball offers and see where it takes you. If you�re a flipper I wish you good luck, it�s possible but not likely. Remember do your research and spend the time. Good luck in your future real estate investments!
About The Author: http://www.CraneInvestmentsOnline.com/
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=219227
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Reply all
Reply to author
Forward
0 new messages