Taking Action Today | Why Invest in the California Real Estate Foreclosure Market |
November 11, 2009
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People ask me all the time why should I get involved in Real Estate in today’s market? More important HOW can I make money in today’s market? It always surprises me and honestly makes me laugh a bit how so many people have a negative view of Real Estate because of what the media news and the guy next door says. Yes foreclosures and everywhere and there a lot of people that made bad decisions with financing. Five years ago there were so many different loan programs and many consumers did not understand or were not disclosed properly on the loans they were getting into. On the other side of that coin there are tons of opportunities with Foreclosures, REO (Bank Owed Properties) and Auctions. Since 2003 I have help hundreds of people own Real Estate and since 2007 I’ve worked with and Mentored with some of the most successful Real Estate Investors in the CA Bay area from San Jose to Sacramento. Below are a few of the key concepts that I have learned from several mentors over the years..
- Do What the Wealthy Do - If you look at last years Forbes 400 richest people in the world you will find that ALL of them hold much of their investments and holdings in Real Estate. The last time I read an article on a millionaire they never got there by work at an office or serving tables in a nice restaurant. Don’t get me wrong as I spent 10 years in the service industry working for someone else and it could be a great way to make those monthly bills, but very few really get ahead working for someone else. Look at this chart from the Department of Health and Human Services.
These statistics have been roughly the same for since they started keeping track!. Why is it that so few people really create success? The reason is simple… most just aren’t willing to create the habits to make it work. The fact is you MUST build a business or a pipeline. If you would like some ideas on how you can create capital quickly we can show you a few different options.
- Real Estate Is On Sale Like Never Before - We are lucky to be living in a time where Real Estate is truly on sale. Banks are willing to take some serious discounts on properties if you are willing to simply learn how to present an offer that looks attractive and mutually beneficial. If you are skeptical that Real Estate values will return just ask yourself how much your parents bought their home for 20 to 30 years ago. My parents bought a 5 bedroom home in Pleasant Hill CA in the early 70s for $72,000! Today at the bottom of the market Their home appraises for $700,000! At the bottom of the market! Would you say that is a pretty good gain? The fact is that history will repeat and values will return. Warren Buffet says that when the masses are greedy time to run. When the masses run time to get greedy. So wouldn’t you say just about everyone is running scared right now? This is a great time to build your portfolio. Simple question. If you could have bought 20 homes 20 years ago would you be better off today? The real question is what will you ask yourself 20 years from today?
- Money Is One Sale Like Never Before - It’s no secret that interest rates are being held artificially low by the FED. In fact right now money is cheaper to leverage than it has EVER been at anytime in our history. So what does this mean? Money is cheap and Real Estate is on sale!
This chart shows the relationship and trend between the FED reserve prime rate and the average 30 year fixed mortgage from 1971 to 2009. As you can plainly see money is cheaper than ever before. Why not take advantage of the low prices and cheap money. So what? You don’t know how! Why don’t you learn? We can show you how to get started if you are willing to be trainable and work.
- Opportunities Are Everywhere - Finally look at the rate of foreclosures in the United States! It is no secret that foreclosures are everywhere! The problem
is the way the media plays it out, it would seem it is the end of the world! Sure there are a lot of people that got in over their head in the years before this recession however there a just a few out there that really see this as an opportunity. Why not YOU? If we could show you how to find a lucrative foreclosure deal and create a five figure profit over the course of 90 days, without using your own money or credit would you want to learn how?
- Recession Breeds Millionaires - Now you are out of excuses. What are you waiting for? History shows that every recession creates more wealth and millionaires than any other time. Why is that? Because a recession forces many people get out of their comfort zone, get creative and innovative. Innovation is what breeds millionaires and innovation is what has made the American Dream.
So if you are tired of trading time for dollars in your job, or if you have a great job but don’t see it leading you to the lifestyle that you dream don’t hesitate to get in touch with me and just ask me how I can help you get started. That’s right GET STARTED!! If you don’t get started with something, you will soon look back and see that life has completely passed you buy. Whatever you do don’t let lack of knowledge or money stop you. Most of all don’t let FEAR stop you! Desire will drive you to where you want to be. I spent 10 years serving tables and tending bar in order to pay the bills I never would have thought that I would have gone the direction I went seven years ago, some of the decisions I made during that time in my life have lead me here and those decisions were some of the best and most important in my life. Make a decision and take action now!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Event |
