Today, we are all reaping the results of such misinformation. While the $700 billion bailout funds remain in limbo as to how the money will be distributed, and to whom and under what conditions, there are a lot of properties on the market, and as many homeowners facing foreclosure, and possibly, homelessness. There’s no question but that it’s a buyer’s market. Given the current credit crunch, qualified buyers must either have an almost perfect credit score or tons of cash. If you’re prepared to pay cash for a property, the only real estate investing advice you need or, that matters, is to buy at the bottom. However, the buyer who applies for a mortgage based on his excellent credit, still runs the risk of buying a property that loses value in the near future.
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