![]() | Real Estate Investing is Still The Preferred Way to Create Wealth
One thing I learned a long time ago is that they are no longer building any new land. This has everything to do with real estate values as land is the link between controlling ones destiny vs. having that destiny controlled by others. With that in mind, real estate still is and will always be a hot commodity in high demand areas such as San Diego. For those of you who have dreamed of purchasing investment properties or who already own real estate property such as condos, multi-family properties or other types, now is a great time to get started. Real estate values swings up and down based on supply and demand for both real estate and available monies for financing. Market conditions for investors have been steadily improving based on numerous factors. There are many opportunities to purchase REO's, Foreclosures, Distressed owner situations and just good pricing in the single family, condo and multi-family markets throughout the county. The market swings back and forth from a sellers market to a buyers market etc. Not all segments of the market are the same as many media outlets erroneously report. The demand for a La Jolla single family home is completely different at the moment than the demand for a lower priced condo or investment property in a less desireable area. Believe it or not the less desireable area in this case wins. You owe it to yourself to talk to a real estate investment specialist who can guide you in the right direction and give you all of the available options as either a seasoned or new investor.
I have had the good fortune of completing numerous 1031 exchanges for seasoned investors out of mostly homes, condos and multi-family properties as well as moving downward and doing straight sales. | |||||||||||||||||||||