Does anybody know good places to invest in Real Estate?

[sam12]

Does anybody know good places to invest in Real Estate?
Here where I am the market is quite slow, the inventories are up.
Looking for a long term investment.
stt,
Thank you!

[paul2145r]

From what I understand, the real estate market crashed around a month ago. The houses sold are far outnumbered the houses being bought, so prices are having to be dropped. Be wary of investing in RE unless u get a great price on a property. If you have a large sum of money, look into becoming an angel investor, or if you want a little more stability but the same payback- Venture Capital companies may help.

[Aletheides]

I wouldn't use the term crashed, but the RE market is stagnating.

Sam, where you're at now is the best place for you to invest in RE. You want local properties you can keep tabs on - being an out of state owner is downright foolish.

With that said, I would suggest you look into fixer-uppers. If sellers are having a hard time moving new/livable homes, think about what the prices of fixer-upper properties are doing. You could probably also negotiate great terms and when you fix it up you get instant equity.

This instant equity can be cashed out with a home equity loan and then you could go do it all over again. That's what building wealth is all about, build your blocks like a pyramid.

[Cemiko]

I dont know where you are from but I know two places that are absolutely hot to invest now.
Czech Republic and Turkey. Tourism is coming up in the countries extremely fast and prices for real estate are still very very very low

[sam12]

Thank you for all those good tips!

sam12.

[buynick]

The real estate market is bad everywhere. It's a buyers market nationally because the majority of houses sit on the market for over 6 months. With interest rates up people don't want to pay as much to buy a house. I would consider another form of investment until this market turns around. Investment in developing markets (other countries) mutual funds has done quite well for me over the past few years. I averaged a 13.5% return last year.

[kdub1777]

Well, I just recently started a real estate investment company focused on the western slope of Colorado. The real estate economy here is certainly not slowing down. I think it's because of the natural gas and oil reserves that are drawing huge companies from all over the "World". We now have local investors and oil field workers throwing investment money at us. We are in the process of developing a 10 acre residential subdivision, and 2 commercial developments, as well as spec homes. I would be glad to give ideas and tips I have found in my experience sam12. I think there are still markets out there that are holding very strong.

[JaytheCreative]

It depends on how much you can afford to invest and do? I would say, for starters, buy a duplex or two for relatively affordable prices. Owning a duplex and renting it out actually puts money back in your pocket because you get the tax breaks. I have a couple of friends in their early to mid-twenties who won at least one Duplex in Milwaukee and are fairing well. They aren't making loads...but in the long run, Milwaukee is a growing market, and in time, they'll collect a nice profit.

As for me, when I begin my RE ventures, I'm going to be focusing on Midwestern and southern properties that are not popular "yet". The East and West Coasts are over-valued, and once hot areas such as Arizona, are now becoming "dull" markets as people are reporting. And, due to the unfortunate tragedy that hit the South, there is MUCH room for new development as Louisiana and Mississippi are working to re-build their economy and housing developments.

Also, the city Little Rock is a great district. Not many people know how lively, beautiful, and developed it is. I enjoy Little Rock more than downtown LA. I'd team up with the state's tourism department for a strategic co-marketing alliance to show the rest of the nation what Little Rock really is. And, as tourism sees gains, so may the housing market.

I live in Wisconsin, but was born and raised in Chicago. And Being in the popular suburbs of Wisconsin and Illinois, I see tons of new subdivisions, townhomes, and condos being created and filled at a comfortable pace. In fact, Milwaukee's east side and downtown, all of the apartment owners are converting their properties into condos as there is a high growing demand as young adult professionals and families are flocking into the city. The man known as "Mr. Milwaukee", the founder and President of the Mandel Group (property management and development) is making an immense wealth out of all of his multi-million dollar investments in Milwaukee. Milwaukee is definitely looking nice.

[Vhearnjr]

RIght now for solid returns on your investment look into San Antonio, Texas. The prices have gone up a bit this summer but are still low enough to entice more investments. Several notable real estate opinions have rated San Antonio as being the No 1 emerging real estate market in the United States for the next two years. Cost of living is low and demand is increasing now that the California Investors have saturated Cali and Phoenix, San Antonio is the next best appreciating market. I live in Phoenix but hold several contacts in the RE world there. Contact me if you'd like more info on San Antonio markets.

[MsNadi]

The real Estate Market is NOT bad everywhere.

Areas like Austin (TX), Atlanta (GA and surrounding suburbs), Denver (CO) and Charlotte (NC) have seen HUGE growth and continue to outpace other cities in the country.

The question is why are you getting in? To make a quick buck by buying and flipping within 3 months??! TO make a short term investment (less than 2 years)? To make a longer term investment (4 years +)?

Europe and parts of South America have also been huge. And depending on Fidel's situation, Cuba (shame on me).

[E320]

For example, here in Latvia ( EU ) a flat ( some 55 meters ) in a new house that was bought for 60k EUR in 2003, now costs about 130k or a flat in an older house that was bought for 20k $ in 1995 now was sold for 150k EUR.

Yet it is believed that the marker has now reaches its peak, as in Estonia and Lithuania RE already started dropping.

Some experts believe Russia is about 5 years behind and could be a good place for investing, yet a bit risky.

While it would be next to impossible here in Riga, in Moscow it is quite common that building companies put up a banner in the middle of a field, like "here will be a 20 store building", sell each would-be flat to 10 people and run away with the money.

[WanganRunner]

Dubai.

Buy property on that new "Palm" development and sell it in a couple years.

Costs less than you probably think it does.

[JoeyD]

only a fool would say RE market has crashed, hahahha.

[lincolnf]

true that JoeyD

I can say (as I continually follow the real estate market, and also as a realtor in a thriving city) that real estate has not crashed and is in fact still growing. If you want ideas for investing in RE, PM me and I can send you some properties here in New Mexico (Las Cruces). AARP has rated us a top place to retire, Money mag for a being a top 3 small metro city to do business. NASA is building a new spaceport just north of the city... etc etc.

RE IS GROWING!

[blah23]

calgary alberta, prices just keep going and going and going