The vultures are circling and they’re getting ready to pounce on some very good real estate deals.
It’s only a matter of time before the buying frenzy starts. Question is when will the gun go off and the competitors start?
Are we ready? Have we done our due diligence and our homework?
Everyone is waiting for the bottom.
All the doom and gloom in the media is causing this crisis to get worse in the eye of the average person on the street,in my opinion.
As with any crisis, there is a top and a bottom. The vultures are waiting for the right moment to swoop down.
However, there may be a few problems.
It’s very hard to judge what properties are actually worth right now. You don’t want to put your money in something that you’re not sure of.
What that means is the only thing true market value is what someone else will pay for it now or in the future. A lot of the value depends upon the loans. What exactly do the distressed homeowners’ loans involve?
Before you vulture swoop you need to know every complicated detail about those loans.
However, there will be a big reward for the real estate investors who can pull it off.