30 Days to Real Estate Cash 19
The Down Market There is no better time in history to invest in real estate than today. I started with this one because this book is being written in one of the worst periods for American housing on record. Beginning in 2006, the long and ever-rising home prices in our nation began to run into trouble. Many predicted a bubble that would eventually BURST! By the end of 2010, home prices nationwide were averaging as much as a 30% decrease in value from their 2006 highs. In some areas, like Las Vegas, NV and others, home prices had plummeted by 70% or more. Homes in all neighborhoods were being lost to foreclosure. It seemed like no matter what area we drove through, you could see a vacant house or a boarded-up, distressed property. During this time, though, you’d keep reading about homes being purchased for cash by investors taking advantage of the situa- tion and building their real estate investment portfolio, buying homes at record low prices and holding these homes as rental units for positive cash flow each month. No matter how bad things have gotten in this country, there are always people with money looking for a good investment. You are going to help these people find what they are looking for. What I’m going to teach you in this book works really well in a down market because you’re going to help these well-heeled investors find the best deals. They have the cash but often do not have the time to find all the deals in the area. You lock up the deals and pass them on to your end buyers. These buyers aren’t just fat cat Wall Street tycoons. They’re average, everyday people like your neighborhood store owners, contractors, and other business people who have nest eggs and money to invest. You’re going to bring them opportunities, and they’ll gladly pay you to do it.
Made with FlippingBook - Online magazine maker