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Follow on Google News | Commercial Real Estate Foreclosures in Austin Texas Create Investment OpportunityEvery month 50 to 100 commercial properties are foreclosed on in Travis and Williamson County. The downturn in the economy has created one of the best buying markets in over 50 years. CTCRA is tracking all commercial foreclosures in Central Texas.
By: Leslie H. Cox Multifamily properties are already in great demand. Everyone is looking for a great deal. The flood gates have not opened yet. We are seeing a small trickle in product coming to market at reduced prices. With pressure on the banks from regulators, many more properties should come to market in 2010 and 2011. There is plenty of cash on the sidelines just waiting. For those investors that think they can put a deal under contract and then go out and find the money, they will be sorely disappointed. Most sellers will require proof of funds prior to going under contract, especially for the deeply discounted deals. The combination of low interest rates, discounted prices and the increasing cost of new construction create a fantastic and exciting investment opportunity. The vast majority of wealthy people in America created their wealth through real estate investments. In spite of the recent downturn, real estate continues to be the best hedges against inflation. The key to investing in real estate is to buy low and sell high. This may sound simple, but many wait unit real estate is red hot and reaching the peak of the market before they get in. That is the time to be a seller not a buyer. Take a look back over the past 100 years and you will see a cycle approximately every 10 years. CTCRA represents both buyer and sellers. If you are interested in purchasing bank owned property in Austin or the Central Texas region contact us at http://www.ctcra.com You can do a search of the Austin MLS system at our site. Create your own custom search to keep you posted on new bank owned properties. With over 25 years of experience, CTCRA can help you with all aspects of commercial real estate. Visit our website today to start your search or subscribe to our foreclosure list. http://www.ctcra.com # # # Foreclosure Specialist Austin, Texas. Central Texas Commercial Real Estate Advisors, LLC is a full service commercial real estate firm located in Austin, TX. The recent downturn in the economy has created one of the best buying opportunities in over 50 years. Investors want to buy at the best possible price and so we are focusing on distressed commercial real estate in Central Texas. With over 25 years of commercial real estate experience, CTCRA can assist you with all aspects of commercial real estate. End
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