12-24 If you’re not investing in real estate now, you are either crazy or broke. :: The Construction Management Pro

12-24 If you’re not investing in real estate now, you are either crazy or broke.

This proposition was posted on the Affordable Housing Network Group on LinkedIn. Davida Moron of C21 NYC says “I still think it wise to buy now while interest rates are so favorable and to hold onto your property for the next five or more years, giving the market a chance to recover fully.”

Laurence Harmon, Marketing Principal at The McGough Companies, commented “Prospective buyers who continue to be wary that the market hasn’t yet reached its absolute bottom are increasingly losing out.”

The bottom line is that this is a great time to invest in real Estate. The problem is that there are a lot of non professionals who believe this as well. In my area, northern NJ, there is strong pressure in the distressed end of the market. You can still get hurt in this market if you don’t buy right and do your homework. Not every property for sale makes economic sense.


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