Also, join me this coming Tue on the Training Session. We start our Internet driven Inverse Purchase Flip Course this week.
Saturday, March 24, 2007
Monday, March 12, 2007
This current sub prime and real estate market is what I've been teaching about all year.
1. RE Agents, Brokers, and Builders are all getting hit the hardest. Many go out of business. Only the smart ones will survive. This gives us, THE INVERSTORS, the best market in years.
2. The market on Bubble Bursts go down for 2 years (every time historically) We just started the 2nd year. I have been teaching on the weekly call, (for the last 4 months), that the next price drop will happen sometime in spring. It is about to hit any week now. And some sellers who have believed what the press telling them... namely that prices have bottomed, are in for a surprise. We investors, who don't put our money up into home investments will benefit from the price decreases coming up.
3. Subprime companys also have a history of doing what they have done yet again. Those around the industry with us in 2000 saw the largest Sub prime Company’s all go under in a couple of months. That's happening again right now, and we IP investors actually WANT MORE subprime companies to go under? WHY... because it makes the buyers, need us more to get into homes.
OK, now why is this good for us?
It creates problems in the market place for all of our key customers = Sellers and Buyers, and if you are working the Realtor Course... you just got delivered an fresh supply of JV partners called ex-Realtors.
We make money only when sellers need us and we make money only when buyers need us and we make money only when realtors need us.
Some of you will hit 1,000,000 in cash profits by year end. And others will not get what is going on and how to capitalize on it.
Learn a lesson from our Government Military Contractors... look for a mess and chaos and go in and correct it and get paid big money for it. Halliburton is just up the road from one of my homes, you actually drive for sometime on a major highway with their offices to your side that never seem to end as you drive along at 80 miles an hour. You won't hear them saying how bad the economy is
PS, Subprime won't go anywhere... it just drops for a few weeks and some a few months, and then they start adjusting back down the road to where we just came from accepting anyone that can breath (allow a new President in first). Like the big contractors, it is a multi billion dollar business and it won't go away, nor should it. They just need to get their greed factor in check and not create loans with 7% margins and stupid stuff like that. The Fed Chairman is controlled by the President. The Republican Party won't be put back in office, so it's time to rake in the poor and lower class's money off the table. Last time it happened... let's see...oh it was
It's a balancing act and they all have to do it... it just happens that the piper gets paid at the end of 2nd presidential term for a lot of turned heads during the rest of the time. Not a bad trade off of the other years of keeping the poor in homes and giving them a shot at correcting their credit and getting into better loans... but if they didn't do it, ouch,
Now is the time to put your business in overdrive and come to the rescue of a lot of sellers and buyers that have gotten the raw end of the market.
