Private Lending: The Worst Times are the Best Times
Anybody that’s been awake for the past 8 months knows that the public perception of the real estate market has taken a dive. Now, it’s true that single family home prices in many parts of the country have leveled off or declined in value. However, this is just part of the real estate market cycle.
In fact, if you believe that to make money, you should “buy low” and “sell high”, now is definitely the time to buy. The public of course believes just the opposite. They’re holding their money in savings accounts or CD’s or worse, believing their stock broker or financial advisor can figure how to make money in a chaotic and unproductive stock market.
The challenge for the real estate investor is to show people with IRA’s and other investment capital the real estate right now is really the ideal investment. To do so, you have to be prepared to address their fears and concern about losing money. If you are flipping or rehabing and selling, you have to make convincing arguments about why you can sell for a profit while their is a glut of homes on the market and others are losing their shirts.
Prepare yourself with the facts of your market, and listen to the concerns of your potential investors. Put yourself in the position of offering a sound financial alternative to their current investment situation.
By the way, if you want to know how to fund every deal you do, I’ve created the absolute best and most comprehensive funding manual you will ever see called “Show Me the Money“. It contains step by step instructions on how to get money from private lenders, high net worth individuals, lines of credit, financial institutions, buyers, sellers, notes, and much, much more. And, it’s a ridiculously low investment (for now!). Click here and Get in NOW.
Richard Odessey has been investing in Real Estate since 1999 and have bought, managed and sold over $5MM in assets over that time period. He has created a national network of RE investors that are a source of continual on-the-ground intelligence. Richard has also developed unique and proprietary tools to zero in on only high profit-low risk transactions.
This article makes so much sense. Of course that is one of the reasons these investors are not making the dollars they are expecting.
People ( resale buyers) are holding on to their money simply because of the media. The speculation that is being created in their minds are, that if they buy today at price x will their investment be worth less in 6 months to a year or so down the line.
They do not feel that it will be a win situation to purchase now. And until the media changes their perception, the market will remain in a slump.
send me info
keep up the work