Buyer's

Is our market about to plunge like in other cities? We are probably poised for something. I have seen some incredible deals out there for buyers. Simply incredible. Don't sell, don't move unless you have to. Now is hold time for the next 3 - 5 years. If you make it there consider another 10. We are sure that the avg. hold-time across all homeowners is shrinking. What was 5-6 years is now less. The market changes rapidly. Do you know about short sales? Very complicated. We'll get into that later.

How do you make it cash flow? A lot of it just won't anymore, unless you pay cash. But I thought the point is to layout as little cash as possible and leverage a large amount of money. I would rather buy investment property with %10 down and take a small negative cash flow than have to put down %20 or more to make it break even each month. For example on a $175,000 purchase price, %10 down is $17,500. Now say I was negative $200 per month on the rent I collected. It would take 87.5 months at $200 to add up to $17,000. This example used to work better for zero down or %5 down, but you can no longer do that on investment property without a giant hit to your rate. Luckily you can still buy zero down on your primary residence, your home. If you don't know about IHA, go here www.idamortgage.com . The rates are incredible. Great for first time buyers and bother first time home buyers and previous owners in Canyon County only. Find out about it.

Don't forget to get accurate market data, especially in a stalling or sliding market.