I decided to write a this post today out of a somewhat emotional state of anger. I am so sick of wanna be investors looking at Real Estate as a hustle to buy, fix and flip. If you are looking at the market from this stand point you are missing the whole point of where the value is in Real Estate. The irony is that our folks across the pond "Get It". If you are a so called Real Estate Investor then invest in our Real Estate. Stop looking at the market as a way to get rich over night. These real estate gurus are doing people a great disservice as well. Telling tales of their systems to make money in Real Estate. Don't get me wrong there are situations that warrant a good buy, and flip scenario but that is not the normal everyday way of dealing with real estate as an investor. In my opinion for what is worth, the game is quite simple: When Rents get out of control meaning too high, people start buying. When Home sales are too high, people start renting. In this market tons of American people no longer qualify for a home loan, for a few reasons: 1. Credit issues (meaning they do not qualify for a traditional loan). 2. Home price that they can afford is not within the banks minimum loan amount (most banks won't lend under $50k). This is the whole point of this post! Many American need affordable housing and the best way to cure the foreclosure and vacant housing issues are to Buy, Fix, Rent. Yes, I said it if you are looking to make money in real estate, invest in it don't flip it. Take a look at what is happening right here in your own backyard and tell me what you think. I encourage your comments
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