Investment Property Experts

5 Reasons (overseas investment properties) to Invest in a Down Real Estate Market

By Peter Vekselman

 We’ve been talking about investing in the down real estate market for a while now, but there are so many people out there who are afraid to plunk down the kind of money it takes to get going in a down real estate market. Here are five things you should keep in mind when investing in a down real estate market:

1) First, do not ever pay full asking price. The majority of people will be asking for prices at or near the amount of their mortgage, as if they held all the cards. They don’t, especially now that we are all facing a down real estate market. Seriously appraise the property and decide if you want it. If you really do, and it seems like it has the potential to be a return on your investment, then you should make an offer. Some places can be had for as low as a 20 per cent discount on the asking price; that is the beauty of purchasing in a down real estate market. If they balk at your price, you can walk away knowing that they will eventually come down to earth and realize that in a down real estate market, there are very few buyers.

2) Second, think location, location, location. As the real estate market boomed the last couple of years, the locations for some housing developments started to become really whacky; out in the middle of nowhere, down one lane roads, and with the barest of infrastructures, housing tracts sprung up like mushrooms after a rain storm. You need to think strategically; the desirable houses will be more centrally located when people finally realize that the credit crunch and real estate market is making a come back.

3) Real estate in a down market is a long term investment. You will probably not be able to unload your investment any time soon, but you should keep in mind that eventually, people will want to purchase new homes again, and when the credit markets do open back up, you will be sitting pretty. Be patient and you will make a tidy bundle when you finally do sell.

4) You aren’t going to be able to flip a house in a down real estate market, so why bother. Don’t put more into a house than to make it habitable; some people may be lucky to flip in some areas, but flipping is quickly becoming a thing of the past. Maximize your dollars and invest in multiple properties while rehabilitating them only if necessary.

5) Become a land lord. Land lords are holding all the cards right now. Just because someone loses their house doesn’t mean they are going to become homeless. In fact, in many rental markets, there is a shortage of landlords who can rent to all the people needing houses. Being a land lord can be seen as an interest return on your investment since a 200,000 dollar house rented for 1,000 dollars a month returns 12,000 dollars, or 6% on the investment per year!

Peter Vekselman has been successfully investing in real estate since 1996. He has completed over 1000 real estate deals, owned a construction company, been a private lender, and owned a property management

company. To learn more about Peter please visit

http://www.coachingbypeter.com.

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Hidden Treasure Discovered in Central Coast California Real Estate Property
By Rory Santos

 The Central Coast of California is bordered by 300 miles of the state’s most spectacular coastline, encompasses 7 of its most alluring counties, and includes more than 14,000 square miles of the most stunning and unspoiled real estate in the nation. The only thing that eclipses the luster of this treasure trove is its location in the shadows, directly between the limelight of Los Angeles and San Francisco.

For years, the Central Coast has been California’s little hidden secret. Now things are starting to change. Like a modern day 49er gold rush, investors and home seekers from around the globe are using Google and the internet, instead of picks and shovels, to uncover this overlooked vein of California gold. Decades of relative seclusion and obscurity appear to have only strengthened the value and attraction of the prize.

When the real estate bubble was bursting in most U.S. markets, CNNMoney and Business 2.0 Magazine were naming this area as one of the Top 10 Real Estate Buys in the nation. They rated the region’s centrally located city of San Luis Obispo number 6. In fact, the Central Coast had the only city from California on the list.

In 2008, Sunset Magazine named San Luis Obispo one of its Top 10 Dream Towns in the country. The magazine editors defined the entries on their list as the top places to go “for the perfect vacation, or for the perfect rest of your life.” They called San Luis Obispo the “most Californian place in all of California.”

“Cities Ranked and Rated”, an annually updated book that rates over 400 metropolitan areas in the U.S. and Canada, included 6 Central Coast cities in their first top 10 list. The combined area of San Luis Obispo, Atascadero, and Paso Robles garnered the number 3 position, while the combined area of Santa Barbara, Santa Maria, and Lompoc came in at number 4. In the book’s latest edition, those two areas ranked number 9 and number 11 respectively.

In the past few years, over a dozen publications have featured San Luis Obispo in their Top 10 lists, including Surfer (Top 10 Surf Towns) and Runner’s World (America’s Top 10 Cities for Running). In many ways, San Luis Obispo and all its accolades are a fitting representation of the charm and appeal of the rest of the Central Coast.

A potent sampling of that proof lies along the region’s oldest and most famous byway, the incredibly scenic Highway 1. Start at Santa Cruz and head south through Monterey, Carmel, Big Sur, San Simeon, Cambria, Cayucos, Morro Bay, Los Osos, San Luis Obispo, Pismo Beach, Arroyo Grande, Nipomo, Guadalupe, Lompoc, Gaviota, Goleta, Santa Barbara and Carpinteria. Add a few quick worthwhile detours through Paso Robles, Templeton, Atascadero, Buellton, Solvang, and Santa Ynez, as well. The result is you can’t help but fall in love with what you see.

Every one of these endearing rural villages and funky coastal hamlets seem worlds away from the clamor and congestion of California’s more ballyhooed metro districts. If you’re new to this area, you may never want to leave. This is the very best of California. Some have called the Central Coast the Lost Coast, like an Indiana Jones lost and forgotten secret treasure.

Well, here’s something about the Central Coast that should never be forgotten: reasonably priced, uncrowded, prime coastal California real estate may seem like it should be a secret hidden treasure, but it’s an open reality on the Central Coast. Hurry up and stake your claim, though - the secret is getting out!

Rory Santos intimately knows Central Coast California Real Estate. He grew up on the Central Coast, and it’s where his heart is. His website is one of the best dedicated resources for Central Coast California homes for sale on the internet.

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Sunday, November 23rd, 2008 at 6:50 am and is filed under realestate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.