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Real Estate that Investors Buy
Both the media and real estate professionals continually report that 2012 is the year to buy real estate. Since home values have dropped considerably, the U.S. median list price has dropped considerably, too.
Lake Oswego Oregon's Premiere Property Group broker, Dan Crider, recently created a video (http://www.youtube.com/
The National Association of Realtors painted a portrait of Investment Properties in a recent "Investment Vacation Home Buyers Survey." They observed that 75% of investment properties are in small towns and rural or suburban areas, most investment properties are within 20 miles of the investor's primary residence, 63% are single-family detached homes and that 93% are not resort properties.
Crider warns that "If you are one of those folks that believes you can predict the future and hopes prices will go down, they may. But interest rates might go up which would nullify any gain you would hope to obtain from any price decrease. But more importantly, all investments fluctuate in value over time. You should not be concerned about short-term fluctuations in a long-term investment, like real estate. If you buy sooner over later, ten years down the road not only will you own more properties overall than someone who waits, but you’ll most likely have earned significant equity in all of them. And you won’t care about any price fluctuations that might have occurred in 2012, 2013, or 2014."
A complete report on Rental Property Investing is available http://www.findahomeinportland.com
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