Why Are So Many Real Estate Investors Going Bankrupt?
Posted in the Banking Forum
#1 Jul 20, 2014
Read this: Why Are So Many Real Estate Investors Going Bankrupt?
How do I avoid this possibility in my own life?
Not just Real Estate Investors but plenty of so-called Real Estate Flippers...I witnessed two families in my neighborhood moving out in the past three months because the business is dying!!! One family is in A Divorce Proceeding!
The weird phenomena in todays' real estate market: Those new listings are often 30% or more than the realistic value at the beginning..After a while, when the traffic is lean and mean or non-existent, the price began to drop and sink!
At end, many listings showed up on the Foreclosure!!! They are sold off at 40% below the listing price!!!
Since: Jul 11
#2 Jul 20, 2014
Real Estate for the average Joe is indeed tough. Real Estate for the super Rich is at its best right now.
Check real estate statistics on homes over $4M. They are selling really, really fast.
If you have to borrow money to buy a home, then, you run the chance of suffering plenty loss of sleep. Especially if you have to depend on an employer to keep you around when times get hard (read: Apple).
#3 Jul 20, 2014
Where did you get the News??? Find out the houses sold in Hollywood by some Actors - It is A page of Tears and Blood!!
You can dream!!!
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