Shut Up Already! Now, Give me the Good News About This Market!

This market is making some smart investors wealthy beyond belief.

 

Here are the facts:  analyze any statistic, read any biography, scrutinize the portfolios of the wealthiest people on Earth and you'll realize that Real Estate holdings are the "meat and potatoes" they built their fortunes on.

 

The opportunities currently at our disposal will not be seen again for generations. 

 

What's the first word in "Real Estate"?  That's right: it's Real, as Real as it gets!   The transactions are all public record; no embellishment of value from financial gurus and Wall Street Suits...  Regardless of what happens to the Economy, people still need roofs over their heads...

 

So what if the market continues to go down even further?  The point is to catch it while it's down.  If you wait till it goes back up again, it's too late already; the sellers read the same papers...  If you carefully analyze the property, do your cost analysis and you come out ahead, how can you lose on it?  Let the numbers show you the way.  It either adds up, or it doesn't.  If you have ANY positive cash flow, go for it!  If you have good positive cash flow, run for it! 

 

If you lose a bit of money, don't forget to figure in your annual depreciation, which will neutralize your loss.  Have vision for the future, by focusing on the appreciation.  Let's face it: it's not too shabby when someone else is paying for YOUR asset!  If you can rent it for 80% of what you spend on it, you're not doing too badly, are you?  Someone else is paying 80% of your expense and in the end you'll end up with 100% of the asset...

 

The crowd mentality is what drove countless investors to financial ruin in the recent past.  In 2005 the media was screaming their "Buy!" message.  The crowds listened and drove the prices to exorbitant levels in many parts of the country.  Now the same media is telling us this may not be the right time to buy.  The timid consumers are heeding that sorry advice yet again; getting slammed once doesn't seem to be enough for them... 

 

Meanwhile, the smart investors are gobbling up property as if their lives depended on it.  Hmm, I wonder why that is?  Do they know something the timid financial feature writers are overlooking?  

 

Mr. and Mrs. Conformist, don't color outside the lines type:  by all means, don't buy!  You will enjoy your senior days in that lovely camper of yours, on that fixed pension, telling the grand kids the story about the opportunity of a lifetime that got away in 2008. 

 

Meanwhile, your neighbors, "Mr. and Mrs. Analyze and Read Between the Lines", will be enjoying their senior days on fancy Caribbean Islands.  They will have long stopped being your neighbors, having moved to the other side of town, you know, the estate section you only read about...  They will be telling their grand kids a different story:  how the fortuitous market of 2008 has changed their family fortune forever...

 

Myrtle Beach Real Estate by Mirela Monte                            Join The Optimist Group!