It seems to me that almost daily, people tell me that investing is tough, because of a variety of things. The main reason is that the economy is bad, banks aren't lending, and credit has dried up.
Well, based on statistics, that is only partially true. However, based on that same information, there are some exceptional opportunities being created in real estate! It's all in your attitude. What do we choose to see?
Everyone has heard the cliche quotes about glasses being half-full, or half-empty. But beyond the cliche, who pays attention to the concept?
Let's look at the earlier complaint, and look at a specific way to change our perspective. If you recall, the complaint is that the economy is bad, banks aren't lending, and credit has dried up.
Even if that were totally true, (which it's not) I would still take that as a positive. I would assume that sellers are now having a hard time selling and will be much more stressed, motivated, and willing to negotiate creatively to get their property sold using alternative methods.
Let me give you an example. On a recent estate sale we were negotiating on, the sellers didn't want to do any more work on a house. There wasn't a certificate of occupancy, so no (regular) lenders wanted to look at it.
We are still in negotiations, but the basic premise that they like, is that they will deed us the house, no down payment, no bank loans, nothing. Just a seller's note for 6 months. During that time, we will fix the house, and re-sell it or refinance it when the certificate of occupancy is ready.
Do you understand what that means? A free shot at fixing a house, with no credit, no down payments, and no bank loans!
So be careful when you complain to me about reasons why investing won't work. Number one, I won't take you seriously, because I know it's not true. And if you can find a reason why things won't work, you can probably think a little harder, and find out why that problem would create an opportunity for you in investing. If you have trouble with that, call the coaches, that's what we're here to help you understand.
So, in conclusion, be aware of the problems with the economy, financing, and anything else you hear, but realize that those problems are going to make you a lot of money, if you look at them and analyze them correctly....
It seems to me that almost daily, people tell me that investing is tough, because of a variety of things. The main reason is that the economy is bad, banks aren't lending, and credit has dried up.
Well, based on statistics, that is only partially true. However, based on that same information, there are some exceptional opportunities being created in real estate! It's all in your attitude. What do we choose to see?
Everyone has heard the cliche quotes about glasses being half-full, or half-empty. But beyond the cliche, who pays attention to the concept?
Let's look at the earlier complaint, and look at a specific way to change our perspective. If you recall, the complaint is that the economy is bad, banks aren't lending, and credit has dried up.
Even if that were totally true, (which it's not) I would still take that as a positive. I would assume that sellers are now having a hard time selling and will be much more stressed, motivated, and willing to negotiate creatively to get their property sold using alternative methods.
Let me give you an example. On a recent estate sale we were negotiating on, the sellers didn't want to do any more work on a house. There wasn't a certificate of occupancy, so no (regular) lenders wanted to look at it.
We are still in negotiations, but the basic premise that they like, is that they will deed us the house, no down payment, no bank loans, nothing. Just a seller's note for 6 months. During that time, we will fix the house, and re-sell it or refinance it when the certificate of occupancy is ready.
Do you understand what that means? A free shot at fixing a house, with no credit, no down payments, and no bank loans!
So be careful when you complain to me about reasons why investing won't work. Number one, I won't take you seriously, because I know it's not true. And if you can find a reason why things won't work, you can probably think a little harder, and find out why that problem would create an opportunity for you in investing. If you have trouble with that, call the coaches, that's what we're here to help you understand.
So, in conclusion, be aware of the problems with the economy, financing, and anything else you hear, but realize that those problems are going to make you a lot of money, if you look at them and analyze them correctly....
Happy hunting!