Hello FlipBoard Readers!
It’s getting pretty interesting out there! Rates are down again, but still no one is buying. Oh, wait a minute. No banks are lending…
Folks, debt reduction and smart investing are the two things that will save your Real Estate business and your sanity. Lease option agreements, cashflow positive properties and cheap acquisitions should be your focus during this trying time. Home builders like Beazer Homes USA are trying everything they can to book profits or “acceptable losses”. Creative tax reporting is also on the table. Go figure. Make sure your tax guy or gal knows real estate investing and not just 1080EZ forms.
Here is another idea for you: You may find gold by selling your cashflow positive properties to another investor. Some larger investors will even owner-finance some of these properties just to get another business in the door and the property out of their portfolio. Even at historically low interest rates from the Federal Reserve, banks are really stingy. It may be up to private firms, investors and “hard money” lenders to bail out the hard working business owners who did everything by the book and without excess.
Keep the Faith and Reduce your Debt! Trust me on this…
-Richard - The FlipBoard.com
