Posts tagged as:
market
Another Success Story
I was excited to hear about a couple of students of mine, Andy and Warren Langsford, and their amazing success. So many investors today are so focused on the bad market, bad lending situation, falling prices and other things that they can’t see the positive opportunities that exist.
The sad reality in life is that we get more of what we focus on. If we focus on negative things, we get more negative in our life. If we focus on positive things, we get more positive results in our life.
Andy, Warren and their team and Venture Real Estate Group in Seattle Washington have chosen to focus on the great things that our market affords us. They have found great success using seller financing principles in property purchases and the powerful “Highest and Best Use” tactics that I so strongly espouse in my best selling book.
The opportunities are out there for those that choose to be successful investors. The market is ripe with eager sellers, great terms, lower construction costs and captive tenants. One of VREG’s investments was purchased with 91% seller financing from the seller for interest only payments for a 3% interest rate. They have a 3 year term with an option for a fourth year. What a smoking deal!
Time for others to follow this fantastic example!
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Section B Page 3?
Have you ever noticed that when a newspaper prints a really bad article about something it is on the front page or some other prominent place? It seems that the newspapers have been full of prominent negative articles on the real estate market lately.
I was shocked to have found an article in USA Today on June 10th, 2008 in Section B page 3. I am quite surprised that I found the article because it occupied a tiny spot in the lower right hand corner of the page. You would think that a news article that is only 6-7 inches long on this page wouldn’t be important.
After reading it, I became quite disturbed. The heading of the article was, “Surprising rise in existing home sales.” After all the bashing USA Today has done of the real estate market you would think that they would have enough journalistic integrity to make as big of a story of a good situation as they have of the “bad” situations.
I lost respect for them. I almost said I lost a lot of respect for them, but I don’t have much respect for the media. They seem to be all about gloom and doom. I wished they realized how important this information might be to thousands and thousands of homeowners and investors out there and made this article as prominent as the negative ones.
Anyway, the article goes on to say that more people signed offers for purchase in April than any month since October of last year. The article also implies that interest in real estate is finally meeting supply in a lot of areas around the country. Don’t worry, USA Today made sure to put in some negative pundits to try and undermine any sign of good news.
This is another reason not to put much stock in the liberal induced negative media. Those investors that have good systems will find that any market is a fantastic one. The moral of the story is don’t look to USA Today or all the other negative media outlets to determine the validity of current financial markets. Look to those who are actually investing, not just reporting about it.
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