Is Now A Bad Time To Get Back Involved With Investing With The Mortgage Crisis?
I have been away from the real estate market for a litte over 2 years now...and have now been reconsidering getting back involved. Are any of the experienced investors (those who were actively investing before this mortgage meltdown) experiencing resistance/hard times in your investment endeavors??
Your feedback will be greatly appreciated.
Regards,
It is a different world out there... Kinda nice in a way.... FAR less competition however fewer mainstream buyers.
Sellers are so afraid that they B E G you to take their house....
And the reality is that every day a house is sold in our market we have to make certain that the house sold we own..[ Edited by MichaelQuarles on Date 04/14/2008 ]
It is actually easier than ever to get a loan if you have good credit- financial institutions are still in the lending business, and their pool of potential customers has shrunk dramatically. With an 800 FICO, I get credit offers every day.
Chris
Chris
Makes sense. I hope this is true for me... I am heading to a commercial bank just as soon as I get my taxes done