Lately there has been lots of hype about buying foreclosures and short sales and how you can buy properties for 50%-75% below market value. Well while there may have been a few such deals made, in actuality most of the time you get the property for anywhere between 5%-35% below market value. In the next few months you are going to see some possible deeper discounts due to the high percentages of foreclosures and as an investor you will have an edge with the banks.

Many of the banks are going to want to get their house inventory of foreclosures off of their books and sell them to you the investor and they will let you call the shots. You, as an investor need to decide what you are willing to invest in a property… you also have to consider rehab costs because a lot of foreclosed properties are going to need to be fixed up. So tread carefully and don’t get caught up inthe hype.

Recently I came across another great video, in it my friend Colin Andrew talks about foreclosures and gives you some really good solid tips on buying foreclosure properties, short sales and becoming a successful investor. 

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Want some insights on how to take Advantage of the Subprime Meltdown? Watch this video by fellow real estate investor, William Bronchick who will share with you about supply and demand and how the last few years have been tough in the rental market and the turn around that you can expect to see. Lease options will make a comeback and as an investor you will have great opportunities.

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There is a lot of speculation about the recent subprime meltdown. At the least, it will sting for a bit but at most we will see the markets change and new techniques will evolve from old systems and investors will find a new twist to make an investment work. I personally look forward to seeing the outcome and learning new techniques to apply to my real estate investing endeavors.

CNN Money recently did a show on the Subprime Meltdown and they interviewed Gregg Valliere; Chief Strategist of the Stanford Washington Research Group.

In a nutshell here is what Gregg Valliere had to say…

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There is much talk about the mortgage industry and the real estate industry being in a slump.

Real estate investing will always be a sought after and coveted industry. Be careful to not cave during this very volatile time in the industry. Things are being shaken up and the industry is going to change in a way that will lose a lot of investors; the ones who don’t have the stamina and those that are not serious.

Leaving in its wake will be those of you that are ready and primed for some creative real estate deals and those of you who are out of the box thinkers. There will be serious money made from those who persevere.

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