While foreclosures may still be on the rise, savvy investors are joining forces with a local real estate investment group. Portland, Oregon’s increased demand for rental properties is proving to be a stable source of passive residual income with consistent gains for experienced real estate investors. Portland is attracting vigilant investors who are ready to capitalize on the current foreclosure market, as forecasts indicate that HARP 2.0 may soon trigger a decrease in foreclosures.
Obama’s recent announcement of the revised HARP 2.0 (Home Affordable Refinance Program), provides Fannie Mae and Freddie Mac loan holders the ability to refinance regardless of the property value or the homeowners’ credit scores. This is expected to help 5 million homeowners and properties nationwide. Investors are preparing to buy foreclosures now, while inventory continues to offer significant discounts.
People looking to secure their financial futures are joining forces with a professional real estate investment group. Portland investors are wisely leveraging this group’s experience and networking connections. As the current foreclosure market continues to offer deeply discounted gems, many advise that now is the perfect time to invest. The soaring increase in rental demand and sharp decrease in time remaining on the market practically ensures immediate residual income for stable long term gains. For this reason property investment veterans are calling Portland the “Passive Property Portfolio Pearl”.
While we cannot know for sure what the future of the real estate market will bring with regards to HARP 2.0 impacting foreclosure inventory in the near future. We can agree that neither a crystal ball nor tarot cards are needed to predict that this current market will create financial stability and fortunes for savvy investors.
Experienced investors and realtors agree that the current foreclosure inventory and interest rates make this market the best vehicle for property investing. Those looking for guidance, instruction and training can participate in seminars conducted by a local real estate investment group. Portland’s professional team of real estate trainers and instructors can be reached at (503)539-9094 or online by visiting www.howtoinvestinrealestateportland.com