Comments on: Buying Real Estate: Not All Dead Markets Are Unprofitable

By: Werner

Werner — Tue, 19 May 2009 15:19:55 +0000

Would you mind sending me the details of the golf course in Colorado?

By: Gene Janssen

Gene Janssen — Mon, 18 May 2009 19:43:02 +0000

Thank again GENE

By: Robert In Canada

Robert In Canada — Sat, 25 Apr 2009 17:41:31 +0000

I think one should think longer term than most people seem to be thinking now. If you think real estate prices will be higher 4 or 5 years from now, then buy now. As for timing – mortgage rates are very low now and sellers are willing to negotiate.

By: IncomeREO

IncomeREO — Sat, 25 Apr 2009 05:32:48 +0000

The current real estate market really does present a great opportunity to investors. Prices are very low and could lead to very substantial returns to investors who buy now.

By: michal frank

michal frank — Wed, 22 Apr 2009 00:27:57 +0000

The Commercial Real Esate Market is just starting to implode. We have propeties with a 24 million loan balance with a buyer at 4 million this is lots on a developed golf course in colorado. We just foreclosed on a water park in chicago, when unemployment hits 12% and people figure out the government will run out of ink before the economy turns look out.The cost of cary on these properties will discourage most buyers, because they don,t know how long the hold will be.

By: Philip A. Poole

Philip A. Poole — Tue, 21 Apr 2009 21:56:00 +0000

None of the various newsletters discussing buying bank-owned, foreclosed homes ever mentions and/or takes into consideration the property tax liability assumed. It is simply stupid to assume that the property taxes, raised year after year and taken on at the assessor’s valuation at it’s peak, will be based on the actual purchase price (which is, of course, the MARKET price/value. They will inevitably certainly be at last year’s (2008)valuation on the tax rolls….and a significant, year after year burden/cost to the buyer.