Cliff Davis, experienced real estate developer and investor, knows the importance of evaluating a variety of factors to determine the best time for investing. As economic conditions improve in the United States, circumstances arise to make real estate investing profitable. A number of factors are in place at the present moment which make the real estate market look good for potential investors.
- Low interest rates - Interest rates are incredibly low right now. Lower rates mean lower payments, which allow investors to maximize profit.
- Banks are lending - After the collapse of the real estate market in 2008, banks were hesitant to lend. That has shifted, and banks are loosening their belt once again.
- Low prices - Real estate prices hit a significant low in 2011 and 2012. Prices have risen again but there are still incredible deals out there. You can find low prices if you are willing to put in some effort.
- Technology - Advancements in technology have made the real estate industry more efficient. Investors no longer have to drive around for hours searching for properties. It is much easier to locate and manage properties today. This includes everything from advertising, finding maintenance workers, and document management. The possibilities are endless.
- Free information - In today’s digital age, knowledge is free. Anyone can simply go online and gather needed information. This has opened the door for virtually anyone to participate in real estate investing.
- The future - There is no guarantee for the future. Any investment can drop. However, the overall outlook for real estate looks promising over the next decade.
These are just a few reasons, now may be a great time to invest in real estate. There is no “safe” investment and real estate is no exception to that rule. But, if you are considering placing your money into real estate, now may be a great time.
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