Real Estate Investing in Down Markets
Real estate timing doesn’t just have to be used to invest in emerging markets. You can also use real estate timing as a way to know how to invest in your own market, based on what that market is currently doing. After all there are limits to how much we can invest in emerging markets based on our available credit and financial resources. You can make a lot of money with emerging market investing but what about investing in your own market at the same time?
You can use real estate timing to determine what is going on in your own market as well so you can determine your real estate investing strategy. For example, if your market is in decline you are going to have a different investing strategy than if your market is going up. Different real estate investing strategies have different levels of success based on the conditions of the market. For example, it’s a lot harder to buy and flip rehab properties in a declining market. So let’s say that you look at the real estate timing market indicator charts and determine that your market is in decline. What is a good real estate investing strategy for that kind of market?
How about lease options?
Lease options are an excellent choice for declining real estate markets because you are not obligated to complete the purchase if the market changes too much, or you can always renegotiate the terms to still close on the deal. The other thing that is great about lease options is that you don’t need money out of your own pocket. They can be truly no money down investing deals.
Investing in Real Estate with Lease Options and Subject To Deals
If you are interested in learning about lease options, I recommend Wendy Patton’s book, “Investing in Real Estate with Lease Options and Subject To Deals.” It is a detailed hands-on guide to learning how to do lease option investing. Wendy Patton takes you through the whole process, giving examples as she goes. Wendy is one of those who teaches by doing, as she has done over 650 lease options in her real estate investing career. I actually know this book very well because I held my real estate license with Wendy Patton’s real estate brokerage for many years before I relocated. If you are interested in learning about lease option investing this book is definitely where you want to get started. Take a look at “Investing in Real Estate with Lease Options and Subject To Deals.”