'We Are Entering The Best Real Estate Market Opportunity Since 2008': Why This Billionaire Investor Is Aggressively Buying Income-Producing Properties
Real estate billionaire, author and sales trainer Grant Cardone says we are entering the best real estate market opportunity since 2008
“If you are an end-user looking to enter the housing market, now is a great time to buy a house cheaper than it would have been at the beginning of the year. You should look for people who late last year or early this year were hoping to make a quick flip and had an adjustable loan.”
“Also look for institutions who have already written much of their portfolios down and will bring a lot of product/inventory to the market in the last quarter of this year.”
Though home prices continue to be high, other real estate categories are not as overvalued, potentially shielding investors from the risk of steep price declines.
REITs (real estate investment trusts) can offer properties such as retail spaces, large malls, hotels, apartment buildings, office space and hospitals.