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Updated over 1 year ago on . Most recent reply

User Stats

344
Posts
603
Votes
David Dey
  • Investor
  • Lakeland, FL
603
Votes |
344
Posts

Investing during the holidays

David Dey
  • Investor
  • Lakeland, FL
Posted

Hey guys,

Long time no post.

However, I did want to make sure that put this one out here as I believe the time is right and I think that this will be a blessing to everyone.

>Ahem<

Did you know that in every one of my 25+ years as a real estate investor, my fourth quarter has always been my most profitable?

Not one time during all those years have I failed to land a whopper during the last three months of the year!!

In fact, many of my biggest closings have been on the 23, 27-30th of December!!

I believe there are three reasons why this is the case.

  1. Lazy investors!!

Now don't get me wrong!! I'm not advocating that you ignore your family and do your best Ebenezer Scrooge impression. (Bah Humbug!!)

I have family and I enjoy them immensely through out the year!! And we have a blast through the holidays!!

But what I don't do is check out on my business as many investors do specifically the closer we get to the end of the year.

Listen guys, deals don't stop just because we do.

  1. People's problems feel worse around the holidays.

When you are struggling, physically, mentally, or financially, it tends to intensify around the holidays.

If you are the head of your household and are struggling to make ends meet, let alone buy Christmas gifts for the kids, it feels all the more desperate during this season. If you put out your lifeline out into the world during this time, I guarantee someone will reach out for it.

  1. Banks, businesses, and financial institutions want their problems off their books by the end of the year.

Those REO's that have been an issue because the banks are waiting for the right offer, may be a little more pressing to be unloaded during this end stretch and this may be the difference between an accepted offer or a missed deal.

I'm light of this information, it's easy to see how this imbalance between the increased deal potential and the decrease in competition can create the perfect storm for profit to the savvy investor that is willing to go the extra mile and not check out through the holidays.

So what are your plans for this holiday season?

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