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Look Out, Big Brother Is Coming To Town, And He Wants To Bully You Out Real Estate Investing!

Everyone loves a little bit of controversy, especially in the business of Real Estate investing.  Check out this recent bit of news, and let us know what you think. Quite frankly, I am all for the beautification and preservation of San Diego, but as a Real Estate investor, this concept is just a little too "big brother" for me. Read on, and let us know what your thoughts are. By the way, if you feel the same way as I do, there is only one thing investors can do about it: stick together and keep buying San Diego foreclosures and REO's, so that everyone can benefit from our efforts. Here goes: I came across an article in the San Diego Union Tribune that was very thought provoking. The article discussed some novel ways which cities were brainstorming to solve the problem of San Diego foreclosure and REO homes and the blight they create when they sit on the market. How will the City deal with rows and rows of San Diego foreclosures and REO homes lowering the value of homes near them and inviting squatters or worse. One solution being explored by the San Diego City-County Reinvestment Task Force is to create a regional bank. A new agency would be created that would buy up these San Diego foreclosure and REO homes before they became city blight or a speculators dream and instead create affordable housing.

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San Diego Foreclosures Are Affordable For First Time Buyers

Group says more people can afford to buy their first San Diego Foreclosure or REO investment property.

A trade group for real estate agents says the percentage of Californians who can afford to buy their first foreclosure or Reo investment property increased in the last three months of 2007 compared to the same time a year earlier.

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Think Twice Before Installing Solar Panels To Boost The Profits Of Your Investment Properties

Will the green movement create peace, harmony, or war for investors of San Diego foreclosure homes? With an increasing amount of solar panels being installed to save energy in San Diego foreclosure homes, there is a concern of whether or not those panels will be exposed to a sufficient amount of sunlight due to obstructions that are created by neighboring San Diego foreclosure homes.
In an environmental dispute seemingly scripted for eco-friendly California, a man asked prosecutors to file charges against his neighbors because their towering redwoods blocked sunlight to his backyard solar panels.

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No question, San Diego foreclosures are at a record number right now. After a period of aggressive lending, more and more people are finding it impossible to meet their mortgage repayments. The banks and other lenders, in turn, are foreclosing on more and more properties.

Given the crash in property prices across the nation, this means huge opportunities for the savvy real estate investor. So in this article I'll outline the main ways you can make money from San Diego foreclosures. I also suggest that you use a Realtor who specializes in San Diego foreclosures because they really do know all of the ins and outs of negotiating a great deal for you.

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One of the most economical ways for first time home buyers to break into the real estate market is by purchasing bank-owned foreclosure properties. Most banks are eager to eliminate the costs of maintaining and insuring properties and will let them go at a significant discount to their open market price, provided the banks get enough to pay off the outstanding loans on the foreclosure properties.

While some very fortunate home buyers have picked up bank foreclosure properties for as little as fifty percent of their market prices, the more usual discount is between ten and thirty percent. But most bank foreclosure properties are in livable, if not pristine condition, and ready for their new owners to move it.

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