By Troy Corman, todayshomedeals.com
Cash is king. That's why I think now is the time to liquidate assets and raise as much cash as possible. We keep hearing about a huge pipeline of foreclosures that have yet to hit the market. Washington is facing increasing scrutiny as their pork-laden stimulus measures have produced far too little and have been far too costly. The tax payers are sick and tired of crony capitalism, where the government decides which companies to save, and which to ignore. And the liberals in Washington are finally beginning to learn that the vast majority of Americans aren't ready for socialism or fascism.
That's why I believe 2010 will be a year of reckoning. And there will be deals galore for real estate investors who have the cash, the experience and guts to take action. Banks have clung to bad loans hoping that time would bail them out. But sooner or later, someone has to pay the piper.
With super-low interest rates, and the government home buyer tax credit deadline quickly approaching it's drop-dead date of April 30, entry level and inexpensive homes should be in demand in the next 2.5 months. That's why I think it's time for real estate investors to liquidate assets - because I think the really great deals are about to come.
So get ready. Get cash. And reload.
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