West Pasco Real Estate Blog

In this crazy real estate market, lots of people have been shying away from buying real estate or investing.  Meanwhile, there are some deals to be had!  You have to be smart about it and use a good Realtor (hmmm, I could help you if you want), but due to the soft market, people who have to sell are selling.  Real Estate is now and has always been a long-term investment.  How long term depends on you.  In this financial climate, you should expect to hold your property for at least 2-3 years to realize a profit.  Longer is better.

What have you done for your Retirement?  If you've got 20 years before you retire, you can buy a rental, have it paid off in 20 years and have a nice little monthly income when you retire.  Do this with more properties and you can multiply your income.  How much is up to you. 

Foreclosures on the horizon.  We're just seeing the tip of the iceberg - there will be lots of foreclosures coming up as people who for various reasons (ARM loans have increased, insurance increased, Value decreased) are giving homes back to the bank.  Banks are making deals to dump these properties.  Short sales are running rampant -- you have lots of options that we can discuss.