The current real estate market is a dismal place for some. Many homeowners have lost their homes due to a weak labor market, rising interest rates and high energy costs. Others see the real estate market as ripe for investment.
Deer Park Development Corporation is a company that has over 30 years experience in the real-estate market. They have developed a new way for investors to buy and resell foreclosure properties for profit. Investors can buy more property with less upfront money by purchasing foreclosed homes at a lower price. Housing prices were subject to overinflation in the past. The mortgage crisis may help stabilize home prices.
Marty O’Malley is the CEO of Deer Park Development Corporation. He stated that the current market for real estate represents an opportunity once in a lifetime for the savvy buyer. “With one in every 360 homes in foreclosure nationwide, the opportunity to buy distressed property at significant discounts to their original appraisals is extensive,”O’Malley. “In Clark County, Nev., one in every eighty homes is in foreclosure, and on top of those statistics, one in every two homes is underwater, meaning that it’s not worth the amount of money owed on it.”
There are opportunities that offer potential for profit with the amount of inventory available. However, not all foreclosures are money-making transactions. Professional investors with experience know when to buy and how to make it profitable.
For the uninitiated, investing in real estate can be risky. Investors can make a profit from the down market by joining a team of experts.
“Allowing individual investors to participate in ownership through direct partnership creates a risk-free vehicle for foreclosure players to work with,”O’Malley said,
For additional information, visit Deer Park Development Corporation’s Web site at deerparkdevelopmentcorp.com or contact Capital Group Advisors at 954-297-0706.
