If there’s one thing you can take from today’s blog is that now is the time to jump on a myriad of opportunities. When was the last time you saw a housing market like this? The stars, moons, planets and the Fed have aligned to provide investors with ripe opportunities to purchase properties at the lowest rates we’ve seen in years.

Take it from BET (Black Entertainment Television) founder billionaire, Robert L. Johnson. He was recently interviewed in Money Magazine about the best advice he was ever given. Johnson recalls when John Malone (an early BET investor and now chairman of Liberty Media) told him that the best way to run a business was to “keep your revenues up and your costs down.”

How does this relate to home buying? Because Johnson’s advice is to “focus on the opportunities that are going to come to the table—because prices are low, whether it’s in the market, distressed debt, a foreclosed home or a business.”

Johnson is urging investors to “carpe diem!” Grab those opportunities waiting to be tackled and run with them, because costs in the market are low and home values are only going to increase. Sure, it may take some time, but if history is any predictor, values should go back up when the market swings back in the other direction.

If revenues dictate costs, consider the number of short sale or foreclosed properties for sale. Purchasing one of these homes will provide you with a higher return on what you will invest.

Now we aren’t suggesting that you run out and purchase the next distressed property you see. But we are suggesting that you consider the possibilities.

Also, being an educated investor is imperative to making the process productive for you. Meeting with an AmeriFirst mortgage expert will help you understand every aspect of what it takes to purchase a distressed property, along with your financing options.

We can help offer advice on how to strengthen your credit score, should you come up too short to receive a lower rate without points. So stop by for a cup of coffee or sit down for a heart to heart with one of our loan officers to determine how the housing market can work for you.

Contact AmeriFirst today to see how you can “carpe diem” too! Call 800-466-5626 or contact us online and let's get started today.

Source: Braverman, Beth; Fried, Carla; Kelleher, Lauren; Mannes,George. “The Best Advice Now, and Ever.” Money Magazine. April 2010