Home Prices Show Positive Growth But Slowest In Ten Years

It's not exactly like waiting for Christmas or the first day of summer vacation, but we do look forward to the release of our favorite housing report each quarter; the Office of Federal Housing Enterprise Oversight (OFHEO) House Price Index.

The HPI for the first quarter of 2007 was released on Thursday and showed a price appreciation that was 0.5 percent higher than in the fourth quarter of 2006. This is the lowest quarterly appreciation recorded since...

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Real Estate Investing First Deal Jitters

It?s very normal to get first deal jitters in real estate investing.



There are several real issues:



1. Real estate is a big investment, the dollars are large, so there is

great risk but also great rewards. Its much different signing a contract for $100,000 or more that you are going to manage yourself than to send $1000 to the bank and have it put in a cd. Of course when you put your money in the bank it goes down in value as inflation is much higher than the return the bank will pay you. While your real estate investment will grow with inflation but since you have only a small part of your own money invested it will grow at 10-20 times the rate of inflation.



2. When you are new it is hard to know the value of a neighborhood and what is a realistic exit strategy. Find out how other investors are selling their homes. Are they retailing them? Are they doing rent to own, otherwise known as lease option or lease purchase? Holding long term as rentals and cashing out their equity? There are a number of strategies investors can use and some are better than others for certain neighborhoods.



3. Real estate investing is work, you have to go get involved in a multi step project for every property, and that can be intimidating. You just have to learn to write down everything that needs to get done and accomplish small tasks every day and before you know it you will be a real estate investing pro.



Only experience will teach you when its an obvious deal. Look on

www.realtor.com and see what realtors think houses in that area are worth. Drive around a few blocks and call any for sale signs and then go lookup the tax assessor info on those addresses and see how they compare.



To your success:



David Neese

About the Author: David Neese is a real estate investor, small business owner, ecommerce marketer, writer, motivator, father and athlete. David offers a free Ecourse on quick start strategies for getting started in real estate investing that is delivered via email and teleseminar at:
http://www.freerealestateinvestingcourses.com

Westchester Spotlight

You will find that your home is better marketed, that you don't have to rely on the luck of a drive by, that you save a great deal of money, and that you are linked in with thousands of realtors who essentially end up working for you if you are on the MLS.

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