The housing market is currently hosting allot of foreclosures and more are to follow through 2008, 2009 and 2010. Many of the owners of these properties did not look close enough at their payment structure as they were setting up the deal originally. As time went on, many of the owners were facing much larger house payments then they thought they were going to have to pay. With no way to pay the additional payments, many of those properties are going or will go through the foreclosure process. Many of those property owners are going to be willing to sell the house or properties at below market value just to dump them.
With so many properties available on the market, its a good time for flipping houses.
The key is to buy low and sell as best as you can when markets are going through tough times. For people who use the Flip This House type process, or use some of Armando Montelongo Flip and Grow Rich Real Estate system, its a good time to look for properties because their are so many available. Building wealth using Real Estate and flipping housing when its a buyers market, their are more possibilities.
Its a good time to flip your money into profit. We can call that FlipThisMoney into FlipThisProfit. Most times when Real Estate markets are going through tough times or down times allot of investors backoff from making any deals. But with the housing market, its best just to look at the current situation as there are more houses on the market to be flip and sold for profit. Every situation has opportunities for growth and building wealth. In the current Real Estate market, many options are in play. Get a Real Estate Coach to improve your abilities and resharpen your Real Estate skills for wealth building.
