Real Estate Investing in 2008

Hello fellow real estate investors. We are MeetMOJO. We are two real estate investors and one techie, who are passionate about bringing about change in real estate investing, making things more open and transparent, and empowering investors to partner and collaborate more efficiently, with the help of online tools. So we are building a couple of tools to help the investing community out. I have to admit that my partner Stan has many many more years of experience than me. I got into investing a couple of years ago, and was overwhelmed with lack of online resources. So I decided to solve these problems for beginning investors, to reduce confusion and increase efficiency.

 

Companies like Zillow and Trulia provide some valuable information as far as property valuation, comps, and other neighborhood info, as well as available MLS listings. But there are so many other data points that investors look at. And overall, this information seems to be extremely disaggregated. So we are looking to aggregate all the information relevant to investors, into one place, and package it into useful analytical tools. So as we build our product and release various modules, we encourage you to contribute feedback, so that we can “hit the nail on the head” and provide the most value to the community.

 

Despite the current state of the economy and real estate in particular, we know that savvy investors are thinking ahead and going out and finding cash-flow-positive deals now. As the market continues to decline (in many, but not all, areas), the next couple of years are going to be instrumental in creating wealth for real estate investors. With foreclosures on the rise, banks are stuck with more housing inventory than ever before, and are more willing than before to do short sales. Also, due to the glut of houses on the market, properties are competitively priced. Since the main principle of all investing is to buy low and sell high, while receiving cash flow in the meantime, this is a great time to buy low-priced properties. This is the time for all investors, beginners and advanced, to either start or expand their real estate portfolios. Which is why we are here, to put the right resources within an arm’s reach for investors, as well as to empower partnerships and enhance collaboration.

 

So please add your thoughts about the market in general and ask questions of us and the investing community that we are in the process of building. And don’t forget to tell us what tools you would like to see more of online. MeetMOJO is for investors, by investors!