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#11
04-15-2007, 06:15 PM
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Re: Owning RE (What Qualifications Do I Need?)
[ QUOTE ]
"no capital, no credit, and no skill in RE" Kinda like me saying I want to win the Indy 500, BUT I don't have the entry fee, no car and have never driven over 50mph. At least go to real estate school and learn some basics. The skills will last you a life time and pay for themself many times over. There is a real estate bust coming soon. Educated investors will clean up as usuall. [/ QUOTE ] I've heard about this potential bust occurring in the real estate market but I’m unsure of the specifics on it. I was wondering why this is going to occur and when this is expected to happen. 
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#12
04-15-2007, 11:38 PM
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Re: Owning RE (What Qualifications Do I Need?)
Check out some news stories about Foreclosures. New Century has files Bankruptcy. Country Wide is reporting the percentage of not paying borrowers has doubled. A foreclosed property may be your best buy.
Some areas of the country are seeing values drop quickly. Low Appraisal have recently become a bigger issue where I work. A year ago no one had value problems.
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