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Updated over 17 years ago, 08/28/2007
It's time to get excited!
Hello REI'ers!
Anyone who is really working this business has to be about as excited about todays market as a child at the gates of Disney Land!
People, we are about to enter into one of the greatest real estate purchasing periods this country has seen in a long time!
This last home buying season is coming to a close as school gets back into swing.
All of those people who listed their homes for the entire spring and summer months are licking their wounds and praying that next year they will have better luck selling the house.
"Next year honey, we'll come out with a better price!" HA!!!!
What do you think their response would be if you knocked on the door, say in January in the middle of a good rain and said, "are you interested in selling your house? I can close in about 2 weeks?"
Or how about that developer that is still sitting on inventory even after they tried to give away all of the upgrades, the free car, and even after the auction?
Do you think the bank REO departments that were so hard to get in touch with may be a little more accessable?
Or what about that dumpy little duplex that is smack dab in the middle of the developments that aren't selling?
We are not quite there yet folks. We have to let this pot churn for a little more. We ain't seen the bottom yet. People are still in Egypt. (you know, by that little river called Da' Nile!)
Reality will hit these folks and when it does the best advice I can give to anyone is... Be liquid! Cash is king!
For the cash poor... Get creative! If you aren't asking every homeowner or landlord if they will lease option their property to you, then you are not serious about playin' this game!
Now is a great time to "Find and Assign" some deals.
Forget about the trying to be a real estate investor, stop crunching numbers, forget about theory, forget about learning about short sales, equity purchases and all of that stuff and just start asking my favorite question.
"you wanna' sell your house?"
I say it again "I am excited!!!" It's about time!!!! I made 8 offers this month! 3 look promising.
Now go get em!
Huntman1