Sunday, November 28, 2010

Real Estate is Still a Good Investment

You hear so much lately about how down the real estate market is and how low home prices are. In some areas, prices are lower than they have been in 20 years and that creates great opportunities for people looking to invest in real estate. Because of the foreclosure crisis, there are a number of people looking to rent homes since they no longer qualify for home loans, and that means new customers for property owners.

Buy low and sell high is the motto of any investment plan, and real estate is no exception. You can pick up bargains now and sell them later when the market picks up. Plus, in the meantime, you can rent out the property and earn income. The secret is to invest in property in very desirable locations because those will be the first markets to recover.

One thing that discourages many people from buying property is that they do not want to serve as a landlord. They don't want the midnight call when there is a problem or having to constantly chase after tenants for their rent. An easy solution is to hire a property management company to do that for you. You can own the property and earn the income while someone else handles day to day operations.

By hiring a firm to manage the property, you can also invest in real estate in cities other than where you call home. For example, one of the most popular places to live is San Diego, California. You can find excellent deals right now on apartment buildings there to purchase and then hire a San Diego property management company to handle maintaining the buildings and renting them out. This could also be an excellent way to purchase a vacation home where you want to spend a few months a year and then rent it out the rest of the time.


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