The current Real Estate market, with the huge number of bank-owned properties and short sales that are on the market, has seen the asking prices for these properties drop 50% or more from the prices these homes were selling for 4-5 years ago. It is depressing to continually read the news about the Southern California housing market, as most of us look at the equity in our homes as a major component of our retirement plans.

This market has created a phenomenal opportunity for those in the position to capitalize on it. While prices are far below the peak of 2005-2006, rents continue to stay fairly stable. Why? Because we still have a shortage of housing and rentals in Orange County. If you were kicking yourself in 2004 for not buying a rental property then, you should jump at today´s market. Interest rates are at unprecedented lows. For the first time in at least 15 years, you can purchase a condo with 20-25% down and in many instances see an immediate positive cash flow.

This opportunity will not last. We are already seeing the prices on foreclosures creeping up in all areas. Many properties are selling within days of going on the market for over the asking price. Multiple offers are becoming the norm, even for short sales. Investors are fighting over these "bargain" properties.

First Team SNS has established a team of experienced and successful buyers´ agents to continually monitor the market and select the areas that offer the best investment opportunity with the least risk and minimize the effort and time our clients need to spend. Our goal is to find properties that will yield a positive cash flow before taxes but are looking at all properties that make good sense from an investment standpoint and advise you on how to structure your offer to give you an edge over competing offers. I have developed an analysis spreadsheet that can quickly determine both your pre-tax and post-tax return on any investment.

If you are interested in taking advantage of this phenomenal opportunity, call me at 714-267-4278 or click HERE and I will contact you to start searching for listings in the MLS that meet your purchase criteria.

Our office currently has 24 listing agents for bank-owned properties with as many as 200 active listings. Click on the Office Foreclosures on the menu bar to the left to see our current properties. This list is updated weekly. Contact me for more information on any of these listings.