With the stock market becoming so unpopular investors are going back to the basics, Real Estate, everybody needs a place to live. With the real estate market in such turmoil now is the time to invest. fortunes are made during times of economic distress. One of the major factors affecting our economic structure is the baby boomers. Our population reaching 65 seem have to wait a few extra years to retire but with the advancement of medicine many boomers have many retirement years ahead of them. In the very near future more and more people will be retiring and taking money out of stocks it they have not already and selling their real estate and in many cases moving to less expensive places to retire than San Diego. This baby boomer factor will just ad to the housing crunch already experienced by the short sale and foreclosure market. here at Cannon real Estate Carlsbad property management we are preparing to serve our clients with the many investment opportunities that lie ahead in Carlsbad investment market. Sound Real estate investments along with sound property management is the key to future wealth.
The key to Real Estate investment is Cash Flow
Not everyone will be able to take advantage of this real estate investment market because to invest properly you need to have cash flow and to have cash flow you need cash for a down payment to reduce your mortgage amount so as to have cash flow. Investors that try and buy with very little money are setting themselves up for disaster.
Also going along with cash flow is buying right.
The main ingredient to buying right is to not be emotional and always be able to walk away from the deal if it does not make sense. another ingredient to buying right is to align yourself with a professional experienced Real Estate broker who understands the investment market. ?
?Another factor is buying in the right location.
You do not need to be in a high end area to have a successful real estate investment, however your real estate investment needs to be in a safe neighborhood. I always recommend knocking on doors around your potential investment to get a feel for the neighborhood and the neighbors you will be dealing with.
And another important factor is the condition of the property.
As I have stated in earlier articles a fixer-upper can be a great investment but you just need to check 5 basic structures of the home.
- Foundation
- Structure
- HVAC or Heating Ventilation and air conditioning
- Electric
- Plumbing
?If these 5 items pass your test than everything else is just cosmetics and can be dealt with. If there are problems with the HVAC this can also be dealt with but you will need large discount.
Cannon Real estate Carlsbad property management has a crew of contractors to economically handle any repairs.?
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Source: http://cannonrealestate.com/future-of-real-estate-investments
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