BusinessWeek’s real estate guru Marc Roth points out these opportunities, which he says make sense if investors are willing to look over the property carefully and ask tough questions.
Options they should consider include:
Buying a single-family house. This could be a first home or a dream home or a home to rent out.
Buying a multi-family investment property.
Snapping up a vacation property. There are deep discounts to be found in high-end resort areas.
Investing in a Real Estate Investment Trust. REITs were hit hard in the downturn, but many are on their way back.
Source: BusinessWeek, Marc Roth (08/26/2009)