Question:
I've come across opinions that think real estate prices will go down. What's your opinion? I'm wondering whether I should wait a bit longer to buy an investment property?
Answer: Wednesday, June 23, 2010
The biggest risk to buying investment Real Estate today is that interest rates might rise. The way to protect yourself is to lock in your mortgage for 5 years or more. In the late 70's prices actually rose while interest rates rose. I suggest you be cautious. There are good deals out there if you are diligent. Look for properties with positive cash flow and/or properties that are priced below replacement cost. Don't wait to buy Real Estate...buy Real Estate and wait!!!
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Ralph Case has been a licensed Realtor for over 15 years. He has experience as a sole proprietor and as a regional sales manager supervising Realtors for a public company with over 100 million dollars in annual sales.
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