Every time you turn on the news, it’s doom and gloom for real estate all around the country.
And certainly… the news is not good by and large throughout most of the country, BUT… believe it or not, there are pockets that are alive and doing VERY WELL, just like when most of the country was in vertical growth, there were pockets with record foreclosures!
The key is being able to know where those markets are BEFORE everybody else does.
Let’s look at what could happen if you found the markets before your competitors did?
Okay, so the media is telling everyone how terrible the market is. Homeowners are hearing this and realizing that it’s not going to be easy to sell. Plus, with the mortgage industry as it is, financing is going to be harder and harder in the months and years to come. So… we’re talking MOTIVATED sellers. And no news outlet in their right mind would actually say that a particular market is booming!
So, you can get in and find truly motivated sellers, do some quick turn wholesale deals and/or some creative buy and hold strategies for the short term.
Now, the difference if you’re in an APPRECIATING community, you can get in and get out quickly. You can stay in the market until the signs indicate it’s time to move on. At such time, you can pull out your money and move on to the next market. You simply repeat this process over and over again!
The secret is knowing:
- Where the markets are that are INCREASING in value and actually have upward momentum;
- How to get in and out before the competition knows about it; and
- How to find the motivated sellers and buyers and get the deals done fast!
Hindsight is 20/20 (If you enlarge the graphic at the top of this post, you can see MY local market and when I should have sold everything off). The funny thing is… the last investment property we rehabbed that we sold, sold EXACTLY where the chart indicates we should have sold. Now, we’re holding some other properties and we’re most definitely going to lose a few dollars!