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Who ever said Real Estate investing was easy was probably not investing, but those who have stuck with their dreams and have developed a system that works in up and down market conditions will more then likely come out a winner.

In the US 1 in 8 homes are overdue in their payments. When late payments increase, the foreclosure proceedings will also increase, and when foreclosures increase properties will be available at a discounted rate. When properties are sold under these conditions the struggles are far from over.

It has been forecast that 48% of mortgages held in the US will owe more money than their properties are worth before the end of the housing recession (Deutsche Bank report). Also the forecast for the percentage of borrowers in the United States owing more than 125% of their properties value will be increasing to 28% of all mortgage holders.

With these factors unfolding it could lead to further US housing declines for several years to come.

Hans Anderson

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When is a condo not a condo?

When looking for a condominium, be aware that different buildings may have very different types ownership.

Freehold Units

Most condos are freehold strata units, where typically you have fee simple ownership of your unit. The land as well as common areas are owned collectively by all the owners. With most freehold condos, you pay monthly strata fees for upkeep.

Leasehold Units

Here you have a lease from a landlord for the right to use the unit for a specific number of years. Many leaseholds are created for 99 years, and you may only purchase your unit for the part of the lease that remains.

Co-op Units

With this arrangement you purchase shares in a co-operative association which owns the land and building including individual units and common areas, and you have a leasehold interest in your unit. You usually pay monthly dues to the co-op board to cover the building’s taxes and upkeep.

Condo buying tip

Monthly condo fees can affect how much home you can afford. By choosing a property where the monthly fees are just $200 lower, you can boost your purchasing power by $18,000.

Hans Anderson

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For more information on how to get a 7 day free trial of foreclosure list, click on the banner below.

Hans Anderson

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Quite often you will find links to foreclosures.com at the end of posts. You might be wondering who or what Foreclosures.com is if you haven’t checked it out. .

Foreclosures.com is a set of real estate investment tools created to help you become successful in foreclosure investing. Along with our listings of over 6 million properties in various foreclosure stages, we also provide the industry’s best tools to help you learn to buy real estate at 20-50% off and sell for large profits.

If you would like to check them out go to
Foreclosure Investing

Hans Anderson

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There is a lot of real estate investing courses on the market at this time. I even promote a few my self.

Just a word of caution, don’t jump at the first course that comes along. Give yourself a little time to let the newly acquired information set in.

You will need some kind of training if you wish to be successful as a real estate investor. Putting some money in training may be less expensive then investing with out any.

You will find training on buying foreclosures, wholesaling, lease-to-own, auctions, commercial properties, real estate on eBay…

Do a little research. Decide on the type of real estate you want to invest in, it doesn’t have to be limited to one type of investing.

Take the time and get the necessary training that you are going to need to be successful.

Hans Anderson

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