Thursday, November 11, 2010

Investing in Real Estate in Today's Market

Buying a home or investment properties in today's market is one of the smartest decisions you can make.  The market is down now is the time to buy or invest. 

10 years ago, when I began my real estate career my first investment purchase was $130K,  it was a 3/1 single family home located in Decatur Georgia.  The house needed  $15K in repairs and I rented it for $900 per month, my payment on the mortgage was $781.00 which left me with a whopping $119.00 per month.  With monthly repairs and taxes to pay I was always in the red.  This same house sold in July 2010 for $17,500.

Fast forward to 2010 it has been a great year for investing, I have purchased 4 single family homes nothing over $25K, and have a positive cash flow of over $2000.00 per month.

Don't believe the hype  if not now? When?  The market is great. 

Investing in Real Estate is the way to your RICHES. 

Stay tuned.