Real estate tips and tricks from Armando Montelongo
Fewer New Houses, More Opportunities
Of all the real estate statistics that came out at the end of the year, one really stuck out to me: In 2011, builders added the fewest new housing units to the market in my lifetime.
Not since the recession. Not in the last five, 10 or 15 years. Since the Census Bureau began collecting the information, way back in 1969.
In that time, there never has been a year with fewer new housing units. Just 480,000 houses, apartment buildings and manufactured homes were added last year; the recent high was almost 1.9 million in 2006, and the total was over a million a year all the way back to 1990.
As if that wasn’t enough, the number of existing houses for sale at the end of the year was at its lowest level since 2004, at about 2.4 million.
So what do these numbers mean to us as real estate investors? Opportunity.
People still need somewhere to live, whether they’re buying a home or renting one.
Remember what we’ve learned about finding deals on houses: They’re not all going to come from the same sources. Be creative in your thinking.
One source we really need to keep in mind, too: There are 1.6 million houses out there in the shadow inventory, houses that are owned by lenders or headed that way in foreclosure, but not yet on the market.
They’re going to be available, sooner rather than later. Banks don’t want to be in the real estate business, they want to be in the banking business. Their loss is our gain.
In other words, big or small, make the numbers work in your favor.
What do you think? Leave your thoughts below:
I’d really would LOVE to Really Learn From You!!I think Its Great that Your offering.But Exactly How Much Are You Truely able to help Someone(PRETTY much crawling NO Ive crawled through a Very DEEp DishA S#*t )And I Am Proud,But also AFFRAID TOO,2 BE Totally Honest.But if ya wanna talk more personally At All As To Whether U Think Now Is the time4Me.When I feel It is But know that I have some issues,Fixable I know Just Dont have Much Support in means of anyone else truely interested or willing to do a bit of workOR take CHances)Anyway There’s my Email Above. Get BACK IF YA Wanna?!
Yours Truely,
Antoinette-(Toni) Bourdon-P……
I would like to be part of this opportunity that Armando is offering. It is the type of work I enjoy doing. A lot of my friends and relatives who are construction workers out of work, it would be God’s prayer answered to help people get motivated and feeling positive and happy again, so they can pay their bills and have their normal lives back on track
I totally agree. To be part of a positive movement is a notion that tugs at me. We live in a system of checks and balances. The grey are is just that. To be deep in the red is a place in which I would like to reside. Grow and create, each one help one…
I have two brand new 4 bedroom 2 bath homes for sale in East Palatka, Florida that I can’t seem to get sold. I have reduced the price. Do you have any suggestions for me to help me get them sold.
Have you been through any of our educational programs? There are a number of strategies in the books and sessions, including auctions, lease options and sales to investors/landlords. If you are using a real estate agent, make sure he or she is aggressively marketing your houses, not just in traditional places like MLS, but also on Craigslist. And there’s nothing wrong with old-fashioned ideas like open houses and lots of signage.
I am interested in finding out more about the Real Estate Market especially the flip part of the deal as I am a roofing contractor by trade and would very much like to help out in the repair of certain real estate projects. If you think I may be of some use in your endeavors way up here in Massachusetts, then please feel free to contact me with any information or ideas you may have in mind.
Thank you,
JD