People Are at Risk of Losing Their Homes, Are You Investors Ready?

Thousands of Victorians (Australia) risk losing theiron their loans will be paying big weekly repayments
homes for falling behind in their loan repayments.already. And going back to renting will seem like a
Around 3700 home owners have been issued withbreeze after struggling through high mortgage
property repossession warnings in the courts alreadyrepayments as well as all the outgoings associated
this year. This wil be triple last years total.Causes forwith owning a property.It is forcast that the
this are being blamed on easy credit, soaring petrolpercentage of people renting will increase upto 36%
prices, tighter household budgets and new homeof the population by 2015 compared to 26% now. A
owners not allowing for rates, property maintaincelot of people are more than happy to just pay their
and insurances when purchasing their first home.rents and not be bothered with the hassles of
When they were renting they didn't have to payowning their own home. Generally these people are
these outgoings. Many home owners are living on thevery good tenants, they look after the property and
edge and more pain is on the way with a likely ratealways pay their rents on time.These are the type I
increase.Australians owe $753 billion on home loans. Aensure my property managers put in my investment
.25 % rate rise would add an extra $14 a fortnight toproperties.They give me less problems and I am able
an average $225,000 loan. People are loading up theirto increase the rents in line with the CPI increases.
credit on up to ten credit cards and they are notThere will be some great opportunities for smart
allowing for any hiccups that can occur. An illness orinvestors in our present economy. What I intend to
rate increase can cause every thing to go peardo is off load any under preforming properties and
shaped. Then they risk losing everything. Some homereplace them with some of the gems that will be
owners are desperate and are taking on no depositcoming up in the near future. There will be some
loans from last resort lenders preying on them.Theregreat deals available to savvy investors who are able
were nearly 3700 court writs against loan repayersto strike as they come up. It will be a good time to
this year compared with 2581 last year.Some peoplereshape your portfolio to ensure you have blue chip
end up paying the debts or refinancing to anotherproperties in it. The real kicker is it will not cost you
institution. But the rest are opting out of theirany more to replace any of your underperforming
mortgage and going back to renting. People are beingproperties as you will be buying in these new ones at
taken to court for being behind in only twoheavily discounted prices.As these lean times move in
payments on their home loan.What some financeI intend to keep an eye on my own gearing. The last
brokers are doing is reaping in commissons by signingthing you want is to end up on the scrap heap as
up people to loans that they cannot afford. Therewell.To your investing success.Leo LovePS If any of
needs to be tougher laws to crack down on theseyour family or friends are interested please pass this
irresponsible lenders. Non bank lenders had 4.5% ofon to them. am an experienced and passionate
home owners behind in their payments by up to 90investor. I buy typical mum and dad type houses that
days, compared to bank loans of .3%As thegive me cash flow and capital growth. My website
economy tightens there will be increasingoffers helpful tips and ideas for any type of investor
opportunities for investors to pick up deals asto help you with your wealth creation. Using my site
unsurspecting home owners get trapped into homewill help to prevent you falling into the traps the
loans that they can no longer afford. This will alsoinexperienced investors do.
push up rental prices because the people that default