Flipping houses has been a mainstay of the real estate investment market for decades. Speculative house flipping hit its highest point in 2005 – 2007, shortly before the national real estate market crashed along with the overall economy. Today, the house flipping market has hit its highest point since that devastating economic downturn. It’s worthwhile to reflect on the possibility this is a red flag for another economic slump to come.
The Current Real Estate Market in a Rural County
Rural real estate investing can be tricky. Rural counties often have a diverse mix of real estate. Some in larger towns, some in smaller towns and villages but much of it out in the country away from municipality’s denser populations.
Investing in Highly Discounted Abandoned Houses
Now that the foreclosure and bank owned market has mostly run its cycle, investors are again looking for values in the retail market. Possibly the best place to look is at the abandon house market.
MLS TIPS For Real Estate Investors
Almost every real estate investor has access to the Multiple Listing Service (MLS) in one fashion or another. Some investors work closely with a couple of real estate agents that feed the investor information from the MLS on a regular basis.
An Advisor Helps Your Investing Career
Any competent real estate investment advisor will tell you it’s easy to make your fortune with a real estate career – as long as you know what you are doing. The first advice your real estate investment advisor should give you is to not jump in with both feet right away.