Buying Real Estate for Profit

Buy Real Estate in A different City Than Where You Live

If you live in the Los Angeles area, as I do, you may be thinking that real estate prices are down all over the country. This is not necessarily true. There are many areas of the United States and Canada where residential real esate is still appreciating. Do your research and then go after the deals that  make sense to you.

Short sales and REO's will be lucrative in 2008 in Los Angeles and much of the rest of the country. Again, do your homework before you make any offers or sign any contracts.

If you are a realtor or agent, take a look at my Marketing for Realtors program. You will learn how to get clients to come to you and make more deals than ever before, without cold calling or knocking on doors.

Have Prices Finally Hit Bottom?

Prices may be just about as low as they are going to get, according to many leading industry experts. The National Association of Realtors is holding its annual convention in Las Vegas this week, and everyone is buzzing about the future of real estate throughout the United States.

Many feel that prices will not go down much further, and that we will see at least a temporary boost in activity over the next year because of the impending presidential election.

Las Vegas Real Estate Home Values

I am here in Las Vegas for a convention and decided to take a look at some residential properties for sale. The prices here have dropped significantly since last spring and there are some very good deals to be made.

For the first time in over five years, owners are again ready to carry back paper and offer other concessions. This would definitely be the time to buy if you were ever considering Las Vegas or the surrounding area for an investment.

Teleseminars Will Change the Way You Run Your Real Estate Business

Teleseminars can make you very wealthy if you know how to do them. Check out Alex Mandossian and his annual Teleseminar Secrets class on December 6th. If this call doesn't move you to join us for the next 10 weeks, I will be amazed. No matter what area you work in, holding regular teleseminars will increase your bottom line.

California's Housing Market

According to Jack Kyser, the Chief Economist for Los Angeles County Economic Development, we will know when prices have hit bottom when the number of home sales returns to what we consider normal for our market.

This may seem like profound information, but it has been the same since at least the early 1970's, which is as far back as my experience goes. Real estate is cyclical. Right now prices are still declining and the number of transactions is down. When the number of transactions increases, even slightly, for three months in a row, the market will be at the bottom of this cycle and will start to move back up. Politics and natural disasters also come into play, but overall the cycles remain fairly predictable.