Real Estate Investing Coach Dr. Phil Speer Releases Free Report, ‘Why Would Anyone EVER Want to Invest in Real Estate?’

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Nashville, TN (PRWEB) August 16, 2007

Dr. Phil Speer, coach in real estate investing and author of CashinHomes.com today announced the availability of a new free report titled, “Why would anyone EVER want to invest in real estate?” The report can be found at http://www.InvestinRealEstateMania.com.

Real estate investing has now become a cultural buzzword. Entrepreneurs know that real estate can generate extraordinary profits. But an unfortunate dilemma has erupted for those evaluating the real estate investing profession. Self-appointed real estate investing coaches take the stage with a few “deals” under their belt, teaching everything from flipping to foreclosures. However, a few lucky “deals” don’t qualify for guru status. Writing a real estate investing book is not a credential that replaces experience. Real estate investing coaches and mentors require expertise, experience and teaching capability.

Real estate investing is a profession and a business. Real estate investing coaches are often inexperienced at teaching and investing. “Kids” still green as gourds and incapable of even buying their own home are often tossed a script to mentor a teleconference class. The best training in real estate investing comes from a caring, dedicated coach with experienced expertise who mentors while watching over the shoulder.

Confusing chaos has resulted from this dilemma in recognizing valid expertise. The wanna-be investor buys that first house, failing to understand comp research, and can’t sell it. The beginning investor, anxious to succeed, buys too much too soon, and his properties wind up in foreclosure. The penny-pinching investor, who can’t recognize experience and resents paying for investing education, decides to go it alone after attending a few free real estate investing seminars and watching some TV infomercials, and loses all savings from poor decisions.

The first step in pursuing the real estate investing profession is evaluating aptitude, interest, and career commitment.

About Dr. Phil Speer

Dr. Phil Speer, investor for over 25 years, has been named “Top Investor of the Year” and been featured in the Wall St. Journal as “most successful in the 1980s Nothing Down Real Estate Movement.” He became a multi-millionaire in real estate in his first three years of investing.

Contact:

Dr. Phil Speer

800-558-0779

drphilspeer(at)comcast.net

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Despite a recent slowdown, the U.S. real estate market continues to be a popular investment destination for foreign investors. Attracted by a desirable return on investment, many foreign nations continue to invest heavily in the U.S. residential and commercial real estate markets. In fact, in 2005, foreign investment in U.S. real estate reached 1.83 trillion.

To evaluate the impact of foreign investment on the U.S. real estate market, the National Association of Realtors (NAR) produced a 2006 report entitled ‘Foreign Investment in U.S. Real Estate: Current Trends and Historical Perspective.’ The report provides insights into the trends in foreign real estate investment, its impact on the U.S. economy, and the major countries that participate in U.S. real estate investment. Below are some highlights from the NAR report.

According to the U.S. Department of Commerce, the top seven countries that had significant holdings in U.S. real estate as of 2005 were:

Germany – 13 %
Latin America – 13 %
Australia – 11 %
Japan -10 %
United Kingdom – 10 %
Canada – 6 %
Netherlands – 6 %

The U.S. economy is wide open to foreign investors. Both investors and Americans significantly benefit from all this foreign investment. The NAR study estimates that without foreign investments in the securities market, the long-term lending rates would be four percentage points higher than the current rate, which would adversely impact the U.S. real estate market.

Foreign direct investment into the U.S. not only creates more jobs but also contributes to the demand for U.S. real estate. In fact, foreign investment may be responsible for creating two million U.S. jobs by the end of 2006, which further bolsters the demand for U.S. real estate.

Permanent and temporary immigration of foreign-born workers into the U.S. further bolsters the demand for real estate. According to the Joint Center for Housing Studies at Harvard University, 1.2 million net immigrants are expected to arrive in the United States annually. This immigration pattern is expected to offset the decrease in housing demand by post baby-boomer generations.

In summary, the impact of foreign investment and immigration into the U.S. will continue to play a major role in the U.S. real estate market.

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An old proverb holds true to its words in regard to this economic recession, “Every end is a new beginning.” Out of the destruction of the foundation of the U.S. economy are new chances, the housing market being one of those opportunities. Nationally speaking, this is the best time to invest in a property.

The housing market is 62.4 percent more affordable for middle–income families in 18 years. Three of the compelling elements damaged during the height of the housing crisis that made the real estate market attractive to an investor is starting to recover:

Appreciative Prices: The housing market easing buyers’ investment worries by producing appealing housing prices.

Affordability: Property affordability for middle-class families’ opportunity to enter the housing market with their credit history.

Low Number of Foreclosures: The stability of the housing prices with fewer foreclosed properties out in the market.

The housing market around the states of the Midwest is showing the three components, the number one city being Pittsburgh, PA. 85 percent of families with a median income of ,500 can afford housing around the metro area in the city. Another one of the country’s best housing cities is Columbus, Ohio, where 87 percent of middle-income families can afford a property.

Other real estate markets in major cities should not be ruled out. One of the cities showing stabilization and even projected to grow above other larger cities in the country is the City of Angels. Los Angeles, CA according to the National Association of Realtors is in fourth place in home sale price improvement out of 40 cities. Thanks to the city’s strong banking and financial industries, house price sales jumped 11 percent in the third quarter, another 2 percent during the transition between third and fourth quarter in 2009. Consult an Orange County real estate agent for more specific details on prices of homes in the Orange County and Los Angeles areas.

Statewide is also fairing better. An estimated 27,858 new/resale/condos were sold in 2010 of January. 44 percent of the existing properties sold were foreclosed, while the median home price is up 7,000, 10.3 percent more than 4,000 in the same month a year ago. Homebuyers are also committing themselves to ,064,  more on their mortgage payment from last year’s January payment, 9.

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