Sellers in a Depressed market - - Posted by Ebong

Posted by CH on March 05, 2002 at 21:35:52:

In my opinion, the three most important things in real estate are Timing, Timing, & Timing. Real estate goes in cycles and your market is in a down cycle. Over the next few years there will be a big transfer of wealth in your market. Guaranteed!

The questions is, are you going to be apart of it???

Good Luck!

Sellers in a Depressed market - - Posted by Ebong

Posted by Ebong on March 05, 2002 at 19:51:17:

I live in Buffalo, NY, which happens to be the 6th poorest city in America. There are a lot of properties here, like HUDs, Bank REOs and others. I know I can find Motivated Sellers as well. My problem is I am afraid because of the housing market, I may not be able to sell the rehabs I acquire. THen I would be stuck with 2 or more properties. I’ve also thought about perhaps renting the units out if I can’t sell but I’m trying to build my cash before I turn into Mr. Landlord. I also want to have cash for future deals.

(2) With rehabs, should I wait till spring in order to fix up homes? Or could I make some repairs now in winter?

Thanks All,

Keep Investing