Once upon a time, from 1992 thru 2005, you could leverage the Good Economy. Hunt like crazy to find that one good deal, tie it up, close the escrow, fix n flip, and walla! You’re in the money! You have leveraged a good economy. People being people bragged of their exploits. Copycats jumped in and more and more investors profited. It was harder and harder to find a good deal. It was a Seller’s market. Tough on buyers, great for sellers.
Well times have changed. It is now a Buyers market; great for buyers, bad for sellers. So, how does one “Leverage a bad economy”? Answer: You must find even BETTER seller deals. That means bank deals. That means getting behind the secret dark vaults of the banks. That means finding deals that Cash Flow. Cash flowing deals in this market? You betcha. It can be done, heck it is being done right now. Just like before, good deals are hard to find in any market. But there is good news in this bad news real estate market. There are more millionaires made during a recession, a buyers market, than during the good times of a Seller’s market. That old adage, “buy when people are selling scared” certainly applies today. Sellers are running for the hills. Banks are the market, and they are scared to death. They are trying to systematize their sales, but the backlog builds like a dam that threatens to break free.
Yes these are economically tough times, but the savvy and smart have locked and loaded their investment guns and are shooting these ducks in the water with glee. They are buying great deals at rock bottom prices. They are then watching their deals cash flow. If the market goes south further, they are buying still more. When people are running for the hills, all kinds of rare opportunities pop up that are never normally available in any market. So, how to plug yourself into these crazy good opportunities? Well two ways that I know is to join a Buyers Club. Let yourself be known. Announce what you have and what you are looking for. Get in on a list of deals sent to you weekly or monthly. Position yourself to take on these rare opportunities. Now is the time to be cherry picking the best deals for yourself and flipping out the other deals to other investors. When this market finally corrects itself in one, two, or even three years from now, you will be the next “instant multi-millionaire”. Everyone will then be saying, “well of course if I had the money I could have done what he’s done. It isn’t rocket science”. Well they would be right but one thing is rocket science. That is keeping your head and realizing that both booms and busts, never last. The market always resurrects itself, like a boat that just won’t sink. If you would like to join my buyers club, come join http://www.cashflowdealsnow.com and http://www.fastbankdeals.com.
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