Nov
30
Real estate markets are cyclical and always has been. A well known multistate study was published that said real estate had completely capped out in Las Vegas and there was no place for it to head but down. Does that seem current? If so, you may want to consider it again, that article was published 40 plus years ago! Have houses increased in value in Vegas in the last 40 plus years? Oh yeah! So does that mean real estate is going to keep heading up like it has the last 7-10 years? Don’t depend on it, none the less, the benefit of this type of media coverage and how it is invaluable for real estate investing.
What about this: do you know any ultra successful investors that are scared of volatile home prices? Actually to the contrary, smart real estate investors realize when real estate is unstable it filters out rookie investors which generates more opportunities.
What is important to understand is just as real estate is cyclical, so are the number of sellers and buyers in a certain real estate arena. You really need to use more effective strategies for real estate wholesaling in the current market such as the creative real estate system by Matthew Sorensen. Though you can apply other conventional real estate strategies, flipping houses correctly is a good way to do it in today’s current arena.
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