Wednesday, September 06, 2006

What if the Bubble is Real

If the bubble is real and real estate values tumble across the country one thing is for sure, people will still need housing of some sort. So how do you as a real estate investor profit in this type of climate. I think it's more important than ever to be positioned in a hot market. Sure the overall US market will have an effect on a hot market like Provo Utah for example, but if the economy stays strong in Provo then we investors should still be able to make a profit there and in other hot markets. There are still several hot markets in the US to invest in.
You should also consider buying silver, gold, foreign currencies and other investments your financial adviser can help you with. To have part of your wealth in investments that protect you from our falling US dollar is just plain smart. It also allows you to convert back to cash when the bargains appear in the next year or two.
I also like foreign investing more than ever. My properties in Costa Rica and New Zealand are appreciating well and should continue to do so. At the very least I expect them to hold steady if the US market goes down further. I encourage real estate investors here in North America to investigate opportunities in South America, Central America, Australia, New Zealand and Europe to diversify their real estate portfolios. My favorite resources for researching foreign real estate are internationalliving.com and escapeartist.com. These sites report weekly covering several foreign countries on subjects such as, affordability, safety, health care, quality of life, real estate investing,and other criteria. Many North Americans have profited in foreign investing and will continue to do so. In the near future I will be organizing a buying tour of New Zealand. If you are interested in this tour please email me at Kurt@realestatesolutionevolution.com for more info.

Remember, in any market there is money to be made, you just have to figure out how the playing field has changed.