52 DEAN GRAZIOSI
When markets are in free fall or moving sideways, many people forget about investing in real estate, since the only way they know how to make money is to buy and hold for an increase in value. They think of it just like buying in the stock market and holding to gamble that your stock shares will be worth more as time passes. The problem for millions of people was that they bought on the way up and not early enough. Buying in the 2003 through 2006 period meant paying peak prices just before the plunge. Many homes were lost in foreclosure and bankruptcy. You may be one of those people, and I’m sorry you had to experience it, if you were. There was just too much buying and hoping. Too many people now have the mindset that there is no money in real estate, that buying for profit is dead for years into the fu- ture. And they’re right in most cases, unless you follow the plan of “ making money on the way in. ” Their beliefs are founded on making money on the way out, and that’s not what successful investors are doing. In other words, you are looking at locking up deals that are great deals at the price you can buy them for today, not what price these properties may become worth in the future. Often
Made with FlippingBook - Online magazine maker