We all have a lot of options when it comes to investing. We can invest in stocks, bonds, currencies, futures and a lot of other things that all have one thing in common. They are just pieces of paper that we put our faith in. They are basically promises to pay later, made by a company or a country that we have faith in. But the last few years have shaken that faith pretty badly. About the only thing that these investments have that is good, as far as I can see, is that they are easy to buy and sell.

Right now real estate is a shining star in the investment world. Real estate has plummeted in value in the last few years, and today looks like a great investment bargain. A very important component of real estate investments is that you have something that is real instead of just an electronic blip. You can see it, you can feel it, you can live in it, you can improve it, you can sell it or you can give it away. Let’s look at Costa Mesa, California, for instance. There are a lot of homes and businesses that are either bank owned or in the process of becoming bank owned. It’s easy to see that Costa Mesa is a place where you can buy a real bargain.

Prices have gone down so far that it’s easy to find properties that are valued at 50% of the previous loan value. Looking at ForeclosureRadar today, I found a property on Maple Ave. that has $635,000 worth of loans on it and is currently valued at $386,000. There is another on Wilson that has a current value of $244,000, but it has loans on it for $450,000. These places are going to sell to the next buyer at a fraction of what the last buyer paid.

Real Estate has a lot of investment advantages. In our current market that is especially the case. The foreclosure crisis has forced a glut of property onto market and it is a real buyers paradise right now. This is the first time in years that an investor can buy a property in California and rent it out for a positive cash flow. People still need to live in houses, they just can’t afford the mortgages that were created at the height of the bubble.

These investors are only paying about half of what the properties cost just a few years ago. Because of that they can rent them out cheaply enough that the same people who could not afford the mortgage payments can now afford the rental payment.

Low interest rates are combining with the low prices to really help the investor out. (This rate probably won’t last long, but my sister just got a 30 year fixed rate loan for 4.62%. That was in Costa Mesa, CA.) This really helps investors finance homes so that they can rent them out very profitably.

You can use one of the financial calculators you can easily find on-line to get the exact details, but I know that with both low interest rates and low purchase price it would be hard not to get a great deal on a Costa Mesa, California foreclosure.

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