Is It Time To Buy Real Estate?

A peaceful hello to you and wishes for happiness. Today I ask the question, Is It Time to Buy Real Estate? The answer:

Buy! Buy! Buy!



Yes it's true, the nation is battling one of it's toughest financial times. Holy smokes, has it been a volatile and turbulent ride lately, but have no fear the time is now to invest in Real Estate. You may ask, how can I possibly say this?

Well, I have been in the Real Estate industry for over 15 years. I became a licensed Florida Realtor in 1998 and prior to that I had already been investing in Real Estate. I was a Top Sales Agent for Century 21 and Carla Bonten Realty Inc.,I was a Broker Associate and also a Registered Real Estate Appraiser.

I entered into commercial Real Estate in 2004 with Stadium Realty Inc., founded by Tom McGillicuddy, whose grandfather was the famous "Connie Mack". They called him Mack for short because McGillicuddy wouldn't fit on the scoreboard back in the early 1900's.

Stadium Realty was purely a land acquisition company for residential developers such as, Toll Brothers, D.R. Horton, Centex, and some smaller private Real Estate Developers. These were my clients on the West Coast of Florida.

My theory for individual residential investors during that time was to follow the "Big Boys", such as the clients above. Also, I still believe "people will always be addicted to having a roof over their head".

Unfortunately, many of us got caught up in the incredible Real Estate Boom and ultimately a lot of us fell when the bust came. Myself included along with numerous other companies and individuals. I had sold most of my investment properties to do a small development project in July, 2005.

I had gotten in too late and lost all of my money and the property by the summer of 2008. These were the risks I had been willing to take then. I literally lost everything but I have gained immense insight and knowledge through that experience. With every negative there is a positive.

So what if you have terrible credit. So what if the banks aren't loaning much money now. So what if there are millions of foreclosures on the market and more to come. If you still have an ounce of life left in you, a little hope left and some faith in yourself. Now is the time to buy Real Estate.

The new banks are going to be private individuals who own properties outright. Sure, they may have been affected by our economy in some fashion but you can bank on this...They will be more open to an "Owner Financing" deal now more than ever. If people can't get loans, they can't sell their homes.

If you find yourself with the Real Estate Bug, welcome to my club because I love it. If you want to invest in Real Estate, do it. Just make sure to do your "due diligence", make a plan, and consult professionals before signing your life away and handing over your money.