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What Are You Waiting For

By William J. Archambault, Jr.

Services for Real Estate Pros with The Real Estate Investment Institute 1retiredsage

November 26, 2008 01:34 AM

I was deleting e-mail early this morning when the subject line read: "Buy Low Sell High" Trite, but always good advice. I had to look. Wow! I could send hundreds to buy stuff I could resell on the internet for thousands! Delete!

"Buy Low Sell High" is good advice, so what are we waiting for? In most areas real estate is lower than we ever thought it could ever be again. It's time to buy!

What if we haven't hit bottom? What if we have hit bottom? Both question are irreverent! Irrelevant, that is if you buy only properties that will provide a positive cash flow! With all the former home owners needing to rent in many if not most areas rents are higher than ever.

Now is not the time to procrastinate! So check your local rental market and start buying. Who knows your market than you? You're a real estate professional, what are you waiting for?

Bill

William J Archambault Jr

The Real Estate Investment Institute

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Rob Kelly

RE/MAX Alliance - Louisville, CO

Louisville Colorado Realtor

Hi Bill, I agree with your post,

I'm taking investor buyers out today to see some potentials. They (and I) figure that even if it's not "the bottom" it's close enough. You can always dollar cost average your property portfolio, and the competition for the better properties is a bit lighter with all the fear in the market.

rob

Nov 26, 2008 01:38 AM

William J. Archambault, Jr.

The Real Estate Investment Institute - Houston, TX

Rob,

Good luck with that buyer!

It's a great time to buy and hold and a great time to find positive cash flow. Sorry, it's always great to find positive cash flow, I meant it';s an easy time to find and create positive cash flow.

Nov 26, 2008 02:27 AM

Josh Holt

RE/MAX Coast To Coast~ Dedicated to You! - Berwick, ME

Southern Maine and NH Real Estate - Your Source of Info on the Berwicks

Bill-

How many of us, myself included, got into this business in part to find deals to build our personal wealth? I'm convinced NOW is the best opportunity we'll see in my life time. Good post as usual.

Nov 26, 2008 01:42 PM

Thanks Josh!

Happy Thanks Giving.

Nov 26, 2008 02:28 PM

Mike Saunders

Retired - Athens, GA

Bill - I am waiting for the same thing that many others are, I need a steady cash flow to qualify for a loan. I agree, it is the time to buy a lot of things, but, I will not go into any more debt right now.

Nov 26, 2008 11:41 PM

Mike,

There is always more than one way!

Happy Thanks Giving!

Nov 27, 2008 12:58 AM

Mike Jones

SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ

Mike Jones NMLS 223495

Bill,

I've had agents come to me for loans to buy rental properties, but they had buried so much income in the past that I couldn't qualify them. I sure agree with the theme of your post!

Mike in Tucson

Nov 28, 2008 08:54 PM

Thanks!

"There is always more than one way!"

Agents need to think like investors. Most have no security because there brokers didn't want them distracted. This was and is short sighted and greedy. Those agents with rental income are most likely still in the business and prospering.

Nov 28, 2008 09:00 PM

What Are You Waiting For

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