It was surprising for some to see the earliest distressed pipeline bucket increase by 260,000 last month. The reason this was surprising is that there has been a steady decline in foreclosure starts for over a year. What this means is that we will be seeing more of these foreclosure hit the market in the next few months. Why the sudden jump? Banks are being calculating and want to sell into a positive trend for the housing market. They see big investors over bidding and buying properties, many times without viewing the place in lots, and pushing prices higher. Yet at some point markets do get saturated.
Economics would tell you that more rental supply on the market will likely push rents lower. Yet many are now buying to flip thus removing property for sale (until ready for the flip) or rent. This is one reason why rents and prices have been pushed up this year as well including the ultra-low mortgage rate. Yet this trend is not being driven by solid economic fundamentals. Certainly not to the level we are seeing with price increases. The trend to look for into 2013 is how much momentum this can carry going forward. http://tiny.cc/nv4anw
HERE IS AN INCREDIBLE OPPORTUNITY TO PURCHASE LOW COST RENTAL HOMES THAT ALREADY PRODUCE 20%+ ANNUAL RETURNS IN POSITIVE CASH FLOW! Again, that is a 20% ANNUAL RETURN IN POSITIVE CASH FLOW AFTER ALL OF YOUR EXPENSES ARE PAID. THESE RENTAL MACHINES ARE LOCATED IN THE BEST LAS VEGAS NEIGHBORHOODS . PROVIDING EXCELLENT TENANT DEMAND, HIGH RENTAL RATES, AND LOW BUY-IN PRICES FOR INVESTORS. INCOME PRODUCING REAL ESTATE IS BEING PURCHASED BY INVESTORS AT RATES WE HAVE NEVER SEEN BEFORE. JOIN THE TREND
David Cooper 702-499-7037