It's never gong to happen! I know a lady who spent $2000 on a course in Portland Or. She had great credit so now she now owns three houses she can not sell and is going to file bankruptcy. Most can't come up with the kind of real money it takes so they just waste the $2000 and allot of time trying. I have met about 30 of these people as well. I feel bad for them, but they rarely listen to knowledgeable Brokers and investors.
There is a way to make money in Real Estate and I will give it to you for free!
1. Find a small home that needs a little or allot of work depending on you capabilities. Utilize a Real estate broker who is knowledgeable in investment properties, Short sales, Foreclosures, Etc. Fix it up just enough to rent for no less than 2 years. Rent until the market is at or near the top of a cycle. Remove renters Fix up to retail standards, stage and profit big.
I have made more money than I ever thought I would have with this simple process, but is it that simple! Kind of but you really need a good Broker or Realtor who has experience in these types of listing as negotiating with the banks is an art form that actually takes knowledge and practice. Some brokers have personal relationships with the people in charge of the distressed homes they are called asset managers. As a regular buyer you will never even get them on the phone! It's hard enough for most Realtors. I started investing this way before I became a Broker and had an excellent Realtor who helped me move up in the tax brackets and lifestyle. I ended up Marrying her and becoming a Broker myself continuing the process together.
This is the time to buy!!!! It's like a 1/2 price sale out there. History proves the market will indeed rebound and those bargain hunters out there right now are going profit in record amounts when it happens! I am going to once again be one of them!
For more information or a list of distressed homes in Lane county Oregon go to www.teamthayer.com or call Justin Thayer @ 541-543-7287
You will have to request a Foreclosure list but it's free! I also have tons of info for investors on the site!