84,000 properties repossessed in October Alone

Foreclosures in October up by 25% over the same time last year with more than 270,000 homes getting a foreclosure notice in October.

Market Ripe for Real Estate Investing

With the new very strict lending standards bad economy and lower dropping home prices real estate investing has never offered a better time. With millions of properties filling the banks the time is now for beginning real estate investing. By beginning real estate investing you with some money will be able to scoop up deals on multiple properties in one scoop.

Real Estate Foreclosures

Real estate foreclosures are the collateral damage and are the result of the bust in the financial markets. The government’s $700 billion financial rescue plan is not going to do anything for all the properties in trouble.  Real estate foreclosure investment is like leaving the top off the cookie jar for the savvy real estate investment strategy. The time is now to plan your own real estate investment strategy.

One Strategy in a Real Estate Investment Program

Start a real estate investment program with the distressed home owner in mine. In some cases you may already have a tenant to pay rent for your property investment. With the deals of 40 to 75 cents on the dollars starting to pop up there has never been a better time to start a real estate investing business.

The government plans for housing solutions for the troubled home owners will not even fix 50% of the problems. But the door is wide open for the savvy real estate investors.

Where is the Best Property Investment Opportunity?

The states with the top real estate foreclosure rates are Arizona, Florida and Nevada are the places to find the best property investment opportunity. With the whole country in trouble distressed real estate properties are everywhere. Other states in the top foreclosure rates were California, Colorado, Georgia, Michigan, New Jersey, Illinois and Ohio.

Property Hotspot for Investing in Real Estate

In Florida it the metro areas Cape Coral, Fort Myers, Miami, Fort Lauderdale are the property hotspots. In California the property hotspots are Merced, Modesto, Riverside, San Bernardino and Stockton.  Also another city hotspot is Las Vegas because it had the highest foreclosure rate in October of all.

Pros and Cons of Rental Property.