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Foreclosed Homes in Middle Georgia
By Reginald Sullivan | October 1, 2008
5 Years from now, there will be many to say…”I should have invested in Real Estate back in 2007-2008 when the real estate market was full of Foreclosures .”
Everyone is an investor. (whether it be your 401k, stock options in your company, a college student, or the small business owner)For a growing number of investors, the spate of home foreclosures across the country — a result of the mortgage crisis and drop in real estate values — is creating extraordinary buying opportunities for distressed properties. With the rental market as strong as it is, and prices as low as they’ve been, THIS IS AS GOOD AS IT GETS!
“We are, by almost anybody’s estimation, at the highest level of foreclosure activity this country has ever seen,” said Rick Sharga, a senior vice president of RealtyTrac, which is based in Irvine, Calif. He cited a recent report by the Center for American Progress, a liberal research institute in Washington, estimating that nearly 0.6 percent of all housing units in the United States are bank-owned, the same ratio as in 1930, during the Great Depression.
With many stock portfolios in the doldrums, many investors have been turning their attention toward the widening foreclosure real estate market as an investment alternative. In this economy if you’re looking for the best returns, Real Estate is the way to go. Most investors earn $8,000 to $25,000 on each foreclosed property.
Distressed properties can typically be bought at discounts of 20 to 30 percent or more from their peak prices, according to market experts. Homes in stable areas where there was appreciation in the past can be especially good investments. For updated lists of these properties and to make your real estate investment Give Reggie Sullivan a call at (478)447-9517 or email at realestatemidgeorgia@gmail.com
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