Jan
14
During some time off I was in the other room and watching a little TV and saw this infomercial with a real estate guru I had never heard of.
I don’t even remember his name but he was talking about how right now is the best time for real investors ever, even a newbie just starting out, to make money in this current real estate housing crisis.
He started to continue with the key to real estate investing…
After letting his words sink in I was thinking and had to ask, “Is that really true or is it just a marketing pitch?”
He did have a point because there’s a huge amount of fantastic deals right now.
To my knowledge, we’ve never seen this extreme level of foreclosures in the history of the United States.
That’s only counting full foreclosures not deliquent payments or those who would love to sell to get out from under their house but can’t because they bought in at the top and now prices have fallen below even what they owe.
Up to this point, these homeowners have continued paying their mortgage to protect their credit but how long will this last? When will they become one of those who just “Send the keys back to their mortgage company”?
But wait there’s more…
In doing my normal daily reading I got to a point about how commercial foreclosures are rising and even hotels are falling behind on their mortgage payments.
The first ripples from the commercial deliquency market are starting to be noticed but noone knows what effect this will have on domestic home prices and the domestic property market. When these really start to hit and there will be another shock to the market.
But the good news for you is these trying times create lots of opportunities. And the real estate market will come back. I guarantee it won’t be down forever.
Another nice thing the disastrous current climate affords you is that it is going to weed out all the wannabes and nonprofessionals. And The people who have the expertise and experience investing are going to be the ones who come out the other side with massive wealth and tremendously underpriced assets which will see phenomenal growth.
You can be one of these hard-core real estate investors even if you’re just getting your start. The best way to get started and my advice to you would be to find a mentor who is already out there in your local marketplace buying and selling properties.
The best way is to work with and observe someone who’s successfully negotiating real estate.
They may not show you all their tricks but lots of them are more than willing to help out and teach you stuff.
Real estate gurus aren’t necessarily lying but simply omitting the truth or keeping secret their very best techniques. But the problem is a lot of it is outdated and simply inapplicable to the current market.
Get your start now before this real estate bust passes you by.