Hey Dean Graziosi here. Have you seen the headlines on absolutely everything out there. We are in the worst real estate market in ages maybe ever. Foreclosures are rising faster than banks can handle and prices have dropped for sure. I don’t think they will drop much further but I would bet to say they will be going sideways for a few more years. If you are hoping that this down cycle is over and the market is going to turn soon and start going straight up, I would say to reevaluate the situation. We are in a down market for sure with no quick turnaround in site.
There are lots of reasons that we are currently in a down cycle in real estate. In fact this is nothing new – real estate has been going through cycles since it started being bought and sold. But we are in a very unique place in time. Because of interest rates, economy and basically just the cycling of real estate I am pretty confident we would be in a down cycle right now no matter what. But we hit a huge down cycle. The likes of which are unmatched. WHY? Irresponsible loans by banks. In my Think A Little Different course and my Be A real Estate Millionaire book I teach you how 100% financing, interest only loans and 3 year arms can be an investors best friend. But for the regular person buying a home for them and their families these loans can be devastating. And unfortunately that is what is happening to so many
Now on the opposite end of the spectrum with all this craziness I have explained as fast as I can explain. I don’t think there has ever been a better time in history for the average person to make a fortune in real estate. Foreclosures are abundant, banks are overloaded and interest rates are still very good. And what’s even better is that there are strategies to make buying foreclosure ad win, win for every. You can relieve someone of a payment they can’t handle and STOP the foreclosure process, you can take a property off of the banks hands that they do not want to own and you can buy homes for pennies on the dollar and rent or sell them for huge profits. This is not the time to be running away from Real Estate rather running towards it..
Do yours elf a favor this week. Go online or go to your local town hall or courthouse and get a list of properties in your area that are in default (Late on payments but not foreclosed yet) and/or foreclosure listings and see how much opportunity their actually is.
Well that’s enough for one post. I PROMISE that I am going to be posting on a much m ore regular basis and sharing a lot of great5e tips to get your foot in the door and start making money in real estate.
Here is a quick thing you can do that I give to my real estate students a few days before they even get my course in the mail to help them set a foundation for long lasting success. Go to www.deansfaststart.com and check it out. You will love the exercise no matter what you are doing right now.
Best Regards
Dean Graziosi
P.S. check out my new book Be A Real Estate Millionaire at http://www.amazon.com/Be-Real-Estate-Millionaire-Strategies/dp/1593154461/ref=pd_bbs_sr_1/002-3149969-5760002?ie=UTF8&s=books&qid=1179618615&sr=8-1
It’s not available in stores for a few months but it will be available soon from one of my web sites.
P.P.S – Please excuse my horrible grammar. I could definitely not make a living with those skills. But when it comes to real estate then I can help you thereJ
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