Joined: May 2012
There are lot of people who ask, "Will real estate investing work in my market?" The truth about real estate investment is, if you were able to adapt its techniques it will work in any market.
Real estate markets can be described in many ways, "hot" versus "flat", "rising" versus "falling" or "buyer's" versus "seller's". Real estate markets are subject to fluctuations but these might not influence the ability of an investor in making profits. Flipping could be the least risky way for an investor in an uncertain market to make profits.
Real estate markets don't rise and fall rapidly unlike stock and commodities markets. If you are looking for long-term investing, you need to consider additional market factors before making a decision.
The Ideal Market for Investing?
Actually there is no such ideal real estate market for investing. Its quite difficult to find bargains in rising markets, if the market keeps raising and if the price of the property also increases.
But, when the property value falls bargains become available. You need to assess the true value of the properties and decide when you can sell them for profits. You must purchase properties at a larger discount and sell them for a profitable sale later.
In contrast, when property values are falling, more so-called bargains become available. Yet you need to assess the true value of these properties based on when you expect to sell the property. Thus, your purchase must be made at a steep discount to allow for a profitable sale later.