Investors unite!

Do you feel the buzz in the air? If you are a real estate investor or have thought about becoming one.... this is your moment! Their are deals everywhere. The foreclosures in certain pockets have reduced some prices to their lows of 12 years ago! At the same time there remains the same type of home selling almost double the price in the same neighborhood. How can that be?

Banks are finally letting go of their massive inventories and selling those foreclosed homes for a lot less money just to get them off the books. They took forever to come to that realization and fought us agents and investors tooth and nail last year and only created a backlog for themselves. Now that is out the window! The homes that are selling for double the price are usually fixed-upped nicely and have greater appeal for homeowners that don't want to do any work to there homes. Usually the foreclosed or bank owned homes need substantial work and don't appeal to the same buyers.

On top of all of that....the rental market is fantastic!

What's that mean to you? Opportunity is knocking! It's time to start investing again. Call me so I can start searching for you!

Darren Turnbeaugh
Broker of Turning Point Real Estate Inc.
303-808-0205 or call 1-877-777-8876

It's Not Time To Panic Like Others Might Suggest!

Doom and Gloom, Doom and gloom! If you listen to the media, the Real Estate wheels have fallen off! I couldn't disagree more! Interest rates on some products are back into the high 5% to low 6% range once again for fixed 30 year mortages. We have started to eliminate the predatory lending practices that have haunted our state for years as well as this country. Unemployment rates are very low in Denver,Colorado. The stock market has been consistently increasing with the exception of a blip last October 19th, 2007. Consumer spending continues to look good, Corporations are experiencing their best profits and growth in years, and inflation seems to be intact. So whats the problem?

Well, the negativity in the media and some well positioned people with other motives are helping feed fear into the
Real Estate market. I turned the television on a couple of weeks ago to see Jim Cramer of Mad Money on the Today show telling us about the Doom and Gloom of Real Estate. Seems to me that he needs to focus on his own industry. His own problems. I know he is always preaching about buying stock on a downturn after a stock has given a little. I think he calls it his "'mon back". He is always preaching that there is "always a bull market somewhere" in the stock market. So why wouldn't you want to apply that with Real Estate investing or even purchasing a home? Why not make your money or equity on the buying side and wait for the market to go up? Think about this...you can take advantage of the lower prices and, oh by the way, own a tangible asset that you or someone else can actually live in! Don't forget you get to take a government gift by way of a tax deduction from the interest and property taxes (consult your CPA to verify)! Oh and that house you bought with 10% down (or whatever amount you want to put down) just allowed you to acquire a very large asset through leveraging your money. You take that same amount down and put it in a stock and thats all you have in that stock. No leveraging that I can see.

Sure Real Estate has slowed significantly in many markets in the country. Yes the shut down of many lending institutions has hurt the availabilty of obtaining financing for most of the liberal lending options that were created over the last 7 or 8 years. The lending companies absolutely knew the inherent risks they took with the 100% loan to value loans, the no documentation loans, the Alt-A credit loans, the inflated loans for assisted down payment programs, the interest only loans, the 1% start rate adjustable mortages, the negative amortization loans, and of course the subprime mortgages.
So of course we were heading for a slowdown and even a correction. Sometimes it is good to cleanse an industry and get rid of some of the companies and individuals that ruin it for everyone. It is the mortgage lending industry's turn. Good things are happening because of it. The same loans that have always been the meat and potatoes of the business are just the best loans again. Good old 15 and 30 year amortized loans. FHA and VA loans are still viable options for little or no down types of loans. Many of the creative loans are still around like adjustable rates and some piggyback loans. All that has changed is that the underwriters are back in focus and making sure that nobody is looking the other way like they did the last couple of greedy years.

Please just think with an open mind and evaluate the information for yourself! Nobody wants to hang around a bunch of naysayers. Don't get caught in their gloom! I think the market has all kinds of opportunity and each market, each neighborhood is different! Thanks for participating!

Learn about how the lending process works in the FINANCIAL CENTER of this website or simply click here http://www.turn2homes.com/financing.php for a quick road map of the mortgage process.

Darren Turnbeaugh
Turning Point Real Estate, Inc.