New Opportunities

With every crisis, there is opportunity, wise eastern minds would say. So, where is the opportunity in this current subprime /real estate crisis? An obvious one is to buy foreclosures, but how do you know what is really below- market pricing, when the prices are falling?Have you thought of finding rental homes for those folks who no longer can afford the home they'd purchased?...Or, what about lending money for folks who want to purchase, but can't jump through all the current lending hoops? Most of the media attention is on residential real estate, but there is plenty of opportunity in raw land or in acquiring building lots from builders who no longer can carry vacant lots on their books while they wait for the economy to improve.
Where do you see the opportunity? I'd love to hear what folks are doing out there., and where you see the current opportunity.
We currently have some short sales and pre- foreclosures that might work either for first time buyers or investors. Check out the web site: www.soldbyruth.com. for more details.