Friday, July 17, 2009

Don't Take Our Word For It

We've been telling SIREN readers what a great time it is now to buy real estate for some time now. Well, don't take our word for it only! This article from InvestorCentric Blog says that it is the best Opportunity to make Money in Real Estate in 20 years

With prices back to 2003 levels and the general consensus that prices are near bottom, this could be the best time to invest in real estate in years. Real estate investment firms are looking to get back in the US real estate market, which one real estate investment executive calls "the new emerging market"."

Now that the meltdown has happened, the new emerging market is the United States,” Tom Shapiro, president of real estate investment firm GoldenTree InSite Partners, said at the Reuters Global Real Estate Summit in New York.

“I think there’s going to be the best opportunity to make money in the last 20 years in real estate in the US.”

GoldenTree InSite pulled the plug on US real estate investment in 2006 and focused attention and cash on Brazil instead, with investment in residential and office properties.

The company has a war chest of about a $1 billion to sink in to property, and is ready to return to the US market and take advantage of the right projects that need or will need money when they come up short. “We are just at the point now where we are seeing some very interesting entry points on certain transactions,” he said.

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