A Great Time to Make Money

| January 24, 2008 | Reply

As you know, real estate foreclosures are at an all-time high throughout the United States.  Facing a collapse in the subprime mortgage market that leaves cities with vacant houses and crippled budgets, the nation’s mayors are pleading for federal aid.  

As a citizen I believe it’s unfortunate that many families, who we’re misled by lenders to take inappropriate loans, are being forced from their homes from foreclosure.  After all, it’s human nature to live the American dream by purchasing a house that provides shelter for our families.

As a real estate investor, this type of news is music to my ears.  Not only are properties cheaper than ever, but the Fed just lowered interest rates by a record .75%  If you’ve ever been inclined to invest extra money in real estate, NOW IS THE TIME.  Just last month, I closed a deal on a 3 bedroom, 1 bathroom house (1,100 sf) for $19,000.  I’m currently renting the home for $650.  My payment last month was $110.  I imagine that there are plenty more of these waiting to be sold too!  

Again, it’s a shame to see so many Americans losing their homes over foreclosure, but you just may be the next person to help them out.  I urge you to learn a little about your local real estate market so you can take advantage of a good opportunity.  If you have any questions, don’t be afraid to ask me at forteprops@gmail.com


Rob Myrick

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Category: Interest Rates, Investing, Real Estate

About the Author ()

Rob Myrick is a entrepreneur, web designer, and blogger who resides in Phoenix, Arizona. He works with entrepreneurs who have the need to take their product to the Internet, or who simply need marketing skills as a supporting strategy to their existing business. Rob has worked for several well-known entrepreneurs such as top blogger Katie Freiling, and also businesses such as The Startup Garage located in San Diego, CA.

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