Income Tax Rates

The current economic situation and the fear of an coming recession has driven the traditional real estate market, which worked on speculation and gambling to a virtual standstill. The credit that normally sustained it has disappeared as savings associations have started to all at once recall their loans and to force foreclosures down upon those who have defaulted.

A direct side effect has been the driving of house prices to their lowest point in many years as debt weary owners wanting to unload their properties before they are foreclosed are selling their houses for far below their market value. This means that the opportunity to purchase investment properties is here.

There is always a market for reasonably priced good homes even in the eye of a potentially unpredictable financial climate. Furthermore, housing markets tend to be cyclical and prices will eventually resume normally so their current nadir, as long as it lasts, may be the end opportunity to purchase investment properties at such bargain prices. The amount of property anxiously on sale at more than reasonable prices fringes on the staggering.

Investors who are knowledgeable enough in real estate, are aware of market patterns and are willing to run the risk which can be as high or low as the investor feels cozy with stand to make a massive profit in the middle and long term.

Whether an investor is looking to buy a property to flip it immediately or to renovate before selling, this is a great time. As long as the investor is disciplined, evenhanded, methodical and not hoping to make a fast and easy buck there has not been as a good of time to buy valuable houses on the cheap in a long time. This is no time for people on the fence or unskilled investors who depend upon luck and the gift of gab. For serious businessmen, however, the opportunities are raining down.