Today's investors whether in the Destin Florida Condo market or in any real estate transaction, times are getting tough. Banks are tight and many are closing...this is going to be a great time for people that can still borrow money and even better with the right guidance!
We have taken some time to talk online about short sales and foreclosures, but take a look below for different take on what's happening:
Investors With Cash Are Kings in Today's Market
Some are calling this the best market for investors since real estate tanked in the early 1980s. Investors, alone and in groups, are negotiating volume deals as they purchase whole subdivisions and bundles of 10 to 50 defaulted loans for pennies on the dollar. "What we're seeing today dwarfs [the 1980s] by five or 10 times," says Bob Leonetti, president of SMI Funding, an Austin, Texas, company that originates and acquires private and conventional mortgages. "There are huge opportunities for investors.""People who have cash positions now are going to do very well," says Central Florida real estate practitioner Mike Norvell of Developers Capital Realty in Leesburg, Fla. "It's just crazy the prices you can buy for right now for cash."
Source: Investor’s Business Daily, Kathleen Doler (07/07/08)
For more information on investing strategies please visit www.InvestSmarter.com and for available properties in the Destin Florida Condo market please visit www.Destin-Florida-Condominiums.info today for more exciting real estate opportunities.
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