There has never been a better time to buy investment property

With so many distressed properties on the market, there has never been a better time to purchase what one of my real estate instructors called a "money pump." Distressed properties are increasing and driving the market. There is a large pool of renters who are unable to purchase for the next couple of years due to credit problems but who will need homes. There is a pool of potential buyers who are not quite ready to jump in, but would enjoy the experience of a single family home or townhome without the responsiblities of homeownership. This is the time for investors to charge forward and take advantage of a very good opportunity!

It is also a great time to consider renting out your "too big" or "too small" home and moving into something more suitable for your current lifestyle. If you are currently living in the family home with three or four bedrooms and ready for a maintained condo or townhome, consider the option of renting out the family home and moving on. Have you always wanted to live in the sunshine states? That option has never been more affordable...rent out the big house, find a good realtor to be your property manager and enjoy the sun in your more affordable maintainence free living space in Florida or Arizona.

Mark Twain said, "I was seldom able to see an opportunity until it had ceased to be one." This is a great time of opportunity. Call your realtor, jump in. The time is now!