How many times have you heard that question asked by potential cusstomers...or even repeat customers? I would venture that it would be just about everty time you come in contact with one. I was told a long time ago by someone much wiser than me to follow the "Bigger Pile Theory". What that means is, that if you have a "bigger pile" than me, then perhaps I should listen to you. that "bigger pile" could be in any portion of life....happiness, wealth, marriage, real estate, problems.....If you have more problems than me and I want more porblems, then perhaps I should listen to you. On the other hand, if you have a happier marriage than I do, then listening to you about marriage would be wise, right? And if you want to have more wealth, then you should listen to someone that has more wealth than you do.
Today, I listened to someone like that....They have more wealth, more real estate and more free time...I want more of those things, don't you? What he said was simply, "If you want to live like everyone else, act like eveyone else...If you want more than everyone else, do what the majority of people AREN'T doing. Do what 92% of the people out there won't do....take advantage of the buyers market and the interest rates." He just completed the purchase of 2 properties, sold 1 and is about to purchase another. So far this year he has PURCHASED 7 properties....some with owner financing, some with cash (not something I could do) and some with conventional financing.
So, afdter today, I will remember, from my Bigger Pile Mentor, my response to the question "Should I buy or sell in this market?" will be:
Do what your friends and neighbors AREN'T doing!
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