Why Buy Las Vegas High Rise Condos Now? Here's Why...

Dan Kadlec recently wrote an excellent article in last month's Time magazine urging real estate investors of one thing: IGNORE THE HEADLINES! And with the constant negative reporting surrounding all forms of media (after all, fear sells), ignoring headlines is very difficult to do. If you're sitting on the sidelines twittling your thumbs before making any real estate purchases, the question at this point really becomes, what are you waiting for?

Can you factor out all the negativity and see the amazing purchasing opportunities that others may be too scared to act upon? When prices are falling, few investors have the discipline to buy real estate - but history has proven time and time again that those who do excel in the long term. John D. Rockefeller once said "The way to make money is to buy when blood is running in the streets." And with constant talk of the "R" word, the streets certainly appear red these days. However, the Fed is currently cutting rates faster than a Nolan Ryan fastball, which usually is a positive indicator that a recovery is in sight (or maybe even happening right now).

Do you have cash right now and good credit? Do you have a long term investment plan and are waiting for the perfect time to pounce on a market poised for significant growth? If so, then do you realize how good you have it? Now's the time to act before the inevitable rise in interest rates erases the short window of buying power advantages available to you today. It won't be there if you wait for that untimeable "market bottom" (that perhaps has already happened - we just don't know). Listen to what Lending Tree chief economist Jim Svinth said:

"The thing that will make home prices stop falling is the very same thing that will push mortgage rates higher... Anything you gain by a further drop in prices might be offset by rising financing costs."

Translation: WHAT ARE YOU WAITING FOR? Why buy now? Here's why: financing costs will rise as the economy recovers, so trying to time real estate might not pay off. In fact, at this point, it certainly will not.

Risks always seem the highest when the media headlines are frightening. But that's exactly when it's time to act by adopting a long-term, steady, and diversified real estate acquisition strategy.