Searching For a Reputable and Trusted Resource for Hard Money Loans? Private Money Utah Is Your Source!
Many of our real estate investors have commented recently that they were busier in 2010 and 2011 than in 2012. For example, one of our most active investors told me recently that he successfully completed 10 deals in 2010 and in 2011 was able to complete 15. “This is excellent,” I said. But then he told me that in 2012, year to date, he’s only successfully completed 3 deals, with one deal currently in the works.
“So, what’s going on?” I asked him.
“There are many factors,” he explained. Some of the more obvious factors are of course the slowing down of the release of inventory coupled with a splurge of new buyers entering the market because of low interest rates. “The big wave is over,” he flatly told me.
But what about the recent announcements that some of the larger banks will be releasing some new inventory in the last quarter of 2012? No one has a crystal ball, and of course, no one really knows what plans the banks have. We will just all have to wait and see how the rest of this year unfolds.
But for now, I’m curious to hear from some other real estate investors out there. How many real estate deals have you successfully completed this year? Was it less than in 2010 and 2011? Please share.