Have you heard the latest headlines? Foreclosures are at an all time high. The secondary financial markets are sunk. Banks are now requiring crystal clean credit and 10-20% downpayments for mortgages. And what about investors? Home flippers and rehabbers are getting stuck with properties longer than ever now, holding properties that once could be sold in 30-60 days are now taking 180 or more days to sell. Otherwise they are having to sell at deep discounts, making a fraction of what they used to just a year or two ago. And isn't everyone trying to go after auctions and pre-foreclosure leads these days. Isn't the wholesaling market saturated? What should someone do if they want to try their hand at being successful in real estate investing in today's market? And the stock market doesn't offer much of an alternative today either. Is it truly make money investing in real estate today, quickly and with low risk?
Well, I have been studying various popular real estate investing strategies over the last 2 years and have discovered some things that are very eye-opening. Some disturbing and some refreshing. And as I see it today, the techniques of investors from yesteryear are going the way of the dinosaur. Yes, some basic real estate principles will always work and can help you make money, especially if you have good credit, some extra cash to invest up front, and are willing to allow time to realize significant profits from your investments. But, if you are like 95% of people interested in getting into real estate, or those who have been at it for a while, but have not been able to experience the big financial breakthrough yet; you need to be able to do deals without using your own cash or credit, without risking your life savings, 401K, or maxing out your credits cards.
What I want to do in this next series of articles is discuss some pros and cons of the various investing methods being promoted today. I also want to share with you why you must be online as an investor and how you need to do that. Why I believe that cookie-cutter or replicated websites do not typically best serve their clients - but more offer a false hope. I also will dispel the myths of the foreclosure investing gold rush, the wholesaling bubble, and what methods and strategies you really should be using to create quick and longer term wealth and profits as an investor. Finally, we'll even discuss how and why you should protect your assets and income, why you do want to use land trusts, LLCs and Corporations. I'll explain why you should establish corporate credit, and why you should invest in your continuing education, but what criteria you should use to evaluate what a good use of your training dollars should be and things to look out for.
In the end, I believe that anyone who is willing to plan their work and work their plan, who will take sound advice and not make excuses, keeping a positive attitude and not give up when things may look tough, that person will be a real estate dominator. A real estate dominator is someone who establishes a business system, utilizing quick cash methods and internet marketing, producing repeatable and predictable results and profits from their investing efforts. So watch for the next article when I review some of the latest strategies and what works and what doesn't. I will help get you over the hype and focus on what works. Until then, Control The Outcome! Charles Dudley www.reimostwantedsecrets.com
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