December 02, 2008

Buy Buy Buy

Fix & flip is over, buy and hold is the order of the day.

Home prices in the Phoenix area fell for the 18th straight month in August, breaking a record for consecutive months of falling prices.

The Valley has not seen a prolonged home-price drop like this in more than two decades.

Now is the time to start your real estate empire. If you have decent credit, you can pick up some distressed property at bargain basement prices. If the property is considerably distressed, hire yourself a good contractor and you are still sitting on an income stream now, and selling for a profit later.

Posted by Vox at December 2, 2008 01:54 PM | general