There is usually no such thing as getting rich quick in real estate. Savvy investors buy property as a long-term investment. Deals that seem too good to be true often are. We’ve all seen the get-rich-quick programs presented as the magic bullet for buying real estate; some are reputable, others depend on your access to investment capital, and some are simply scams.
Many get-rich-on-real-estate programs offer advice on how to buy government foreclosure properties and participate in other government programs. Most of this information can be obtained by visiting the government websites (just Google “government real estate auctions”).
Prudential Verani Realty has access to a wide variety of foreclosure and other aggressively priced homes, and many offer favorable financing terms. However, you can also run into properties so distressed that they do not qualify for a conventional mortgage.
The keys to a successful real estate investment strategy are identifying good buys, forecasting for potential growth/appreciation, making thoughtful repairs, and maximizing your cash flow. You can avoid scams and make sure your investment will pay off by using a licensed Realtor. Prudential Verani Realty has helped many investors make smart buying decisions, and 2011 is a market of opportunity with both real estate prices and interest rates at historic lows!
Search real estate now… it can be fun and profitable to click around.