One of the best pieces of advice I've heard is "Money & Opportunity lie on the other side of fear."
The fact is that in a world filled with media focusing on perpetuating fear, they've got people fooled on how to truly make wise decisions - especially when it comes to their investments.
Let's be honest, when everyone is excited, you should be aware the bubble will probably soon burst, and when everyone is running away in fear b/c the bubble burst, you need to be excited about the incredible investment opportunities where real wealth is created. Everyone has heard "Buy low & Sell high" - well the only way to do that is BUY when the bottom has fallen out. You won't know when the absolute bottom has been reached until you see it in the rear view and it's already passed you by.
There's no doubt that the people making moves in this market will be better positioned and dramatically well better off than the masses who are tucking their tails and hoarding there assets. Remember, you don't realize a loss in the stock market until you sell, if you hold on then it's "just a fluctuation". I'm not advocating wreckless spending, just logical/historically driven strategic movement - which is buying well positioned real estate in a down market.
Historically, the fastest way to acquire massive wealth is through land ownership and that's because:
REAL ESTATE is the most ABLE investment:
1) Accessible - anyone in the free world has the ability to acquire land
2) Appreciable - historically it increases around 3% per year over time (yes, it rises & falls in shorter periods - but ask just about anyone who's owned a piece of property for 30 years what they bought it for & what it's worth now. People throw money into an IRA and know they can't/shouldn't touch it for possibly 40 years, so why is holding onto a piece of Real Estate for 10 years seem so hard?)
3) Leverageable - you can buy on margin, and gain return on the total value (i.e. - 5K down on a 100K home -- if in a few years you sold it for 105K - you've made 100% profit on your true investment. The stock market can't touch that!)
4) Rentable - you can have others pay down your mortgage and create a positive cash flow (and there are definitely a lot of renters right now)
5) Deductible/Depreciable/Deferrable - GREAT TAX BENEFITS!
6) Stable - It's slow to rise & slow to fall and it NEVER drops to ZERO.
7) Manageable - heck, you don't even have to deal with renters, you can out-source & have a hands-off investment with managers in place
People are watching their stock portfolios disappear completely - poof - in a blink of an eye, but land never goes to zero. This is how the rich get richer - you BUY WHEN PRICES ARE LOW! and with the incredible interest rates, you definitely have the potential to cash flow immediately.
Oh, by the way - real estate is "understandable" - with a knowledgable realtor pulling the most recent comp's & sitting down with you about a clear plan and exit strategy, you can make some wise investments that will pay huge dividends over time.
I have clients in the Atlanta market buying foreclosure, short sales, etc. for 20K-50K (imagine how tiny the mortgage on a 30-year fixed is), renting properties with immediate cash flow - so they're making money NOW and they'll be cashing in on the APPRECIATION later. They will retire millionaires by continuing this strategy consistently & safely.
I'm hoping the same for you & would be happy to help if you're looking to make a similar move in the Atlanta area, even if you don't live in GA - but even if not, take a careful look around your area and I'd almost certainly bet that there are opportunities waiting for you within a reasonable distance of where you call home.
All The Best,
Michael
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