Charles Dickens began a famous novel by saying, It was the best of times, it was the worst of times. As I look at what is going on in the economy and real estate investing, I think that statement perfectly describes our economic situation right now.
Many people are struggling just hoping to get by and not lose their job, house, car and other basics of life. For well-positioned investors, however, this economy represents the opportunity of a lifetime to snatch up assets at a discount. The difference between those who find it to be the best of times and those who find it to be the worst of times is simply their knowledge and financial IQ. Smart investors right now are taking advantage of low interest rates and incredible deals on real estate as they build the investments that will provide thousands of dollars of CASHFLOW in their pockets every month. oOo
I think the recession work for me but let me tell you, it is the worst of times as we are struggling to keep our job here in UAE. Every week we are loosing co-worker. Some are committing suicide, yes its true. On the other hand it is the best of times, we got an offer to buy, a smoking red hot deal from two motivated sellers. They want a way out from their property and they are selling it at 55 percent below market value (with no money down!)..whew! We are scheduled to close the deal on September 2009, and if we complete the deal thereafter, it will guarantee us a profit of at least Php1M each (Me & my partner). You make money in real estate when you buy not when you sell. This will be my life changing deal after an absolute chaos from my first two deals that I completed.
Many people are struggling just hoping to get by and not lose their job, house, car and other basics of life. For well-positioned investors, however, this economy represents the opportunity of a lifetime to snatch up assets at a discount. The difference between those who find it to be the best of times and those who find it to be the worst of times is simply their knowledge and financial IQ. Smart investors right now are taking advantage of low interest rates and incredible deals on real estate as they build the investments that will provide thousands of dollars of CASHFLOW in their pockets every month. oOo
I think the recession work for me but let me tell you, it is the worst of times as we are struggling to keep our job here in UAE. Every week we are loosing co-worker. Some are committing suicide, yes its true. On the other hand it is the best of times, we got an offer to buy, a smoking red hot deal from two motivated sellers. They want a way out from their property and they are selling it at 55 percent below market value (with no money down!)..whew! We are scheduled to close the deal on September 2009, and if we complete the deal thereafter, it will guarantee us a profit of at least Php1M each (Me & my partner). You make money in real estate when you buy not when you sell. This will be my life changing deal after an absolute chaos from my first two deals that I completed.
Posts
Thank you sir!
ReplyDelete