Good morning I hope everyone is having a great week, I am a little late with my weekly Hinesville Ft Stewart real estate report due to Technology issues, but here it is; For the week ending 9 Dec 12, according to the Hinesville MLS, in Liberty and Long counties there are 516 active residential listings -10 from last week, of those;
71 are foreclosures -3
62 are builder -8
We have 104 pending sales +4 of those;
21 are foreclosures -2
29 are builder properties + 5,
We had 10 closed transactions during the reporting period.
I recently had the opportunity to speak with a friend that was curious about real estate investing and he asked the magic question....how much do need to start investing? My answer was it depends. A good rule of thumb in today’s banking environment you will need about 25% equity going in. There are many ways and or strategies to obtain this equity in other words you do not absolutely need 25% down. If you have ever thought of being a real estate investor give me a call and let’s sit down and discuss your options. Have a great week everyone