Buy Low- Sell High- How many times have you heard this and wished you had listened? When do the rich get
richer? When everyone else is getting poorer, or in real estate, when the market is at the bottom. When does the majority of the public decide it is a good time to buy or sell? Long after the wave of great opportuniites have come and gone. Let me ask you, are you buying gold right now? Are you seeing all of the commercials and ads for people buying gold and paying top dollar, it may be the ideal time to sell gold, but it is not an ideal time to buy it. When everyone jumps on board you can bet you have missed the boat.
So guess who is buying all the real estate right now, cash buyers! They are buying up all the low end housing they can get their hands on because they know we are at the bottom and starting to climb out. When these savvy buyers are investing cash for investment properties you had better believe it is the best investment going. The wealthy do not make money when everyone is jumping on the bandwagon, that is when they sell! And yet time and time again only 10% will be buying at the bottom and the rest will be scrambling to sell. Wishing they new the "secret" to making money.
Here is a great video reminder from the movie Trading Places one of my all time favorites, enjoy!
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