The 600 Lb. Gorilla Falls — How A Simple Glimpse At THIS One Picture Could Have Saved Him His Shirt (And How It Can Save You Yours, Too!)
Part 2 of 2
Here he goes. The 600 lb. investing gorilla has made his ascent. And he is about to fall, big time. (Here is Part 1 in case you missed it.)
Why It Had NOTHING to Do With Your Investing Strategy
Did you lose a lot of money in real estate during the last down cycle? The answer, in all likelihood, is yes, you did. You didn’t have to!
Look – there’s a time to be actively,
Zillow, Not Just A Crazy Name, It’s A Crazy Way To Look At Home Prices
Besides Fundamental Analysis, the other major blunder is trying to use “median” home prices to forecast local real estate cycles.
It’s what everyone tries to use because those numbers are readily available, and free. It was the only game in town.
This next example is going to tick off the 600 pound gorillas in my space: FiServ Lending Solutions, along with CNN-Money.com and Fortune magazine.
FiServ handles all the big banks and Wall Street firms – I’m a little peon compared to them.
But what the hell, you deserve to know the truth… so here goes…
CNN teamed up with FiServ to publish a detailed local market analysis.
In the decades since my Harvard days, I’ve been focused almost exclusively on doing real estate deals and figuring out local real estate markets. I’ve acquired, owned, syndicated, managed, leased, sold or developed just about every type of property there is… in all kinds of markets… and I’ve done it in a very big way.
Buffets, roulette wheels, buffets, magicians, more buffets. Ok, Las Vegas has a little something for everyone! But… maybe not for the real estate investor.
You probably know someone who has bought in Vegas or at least considered investing there, maybe even you have. Well, what you’re about to read is going to challenge how you view real estate investing,
As “total market masters”, you’re no longer limited to only your local area. You can now invest anywhere in the country where your money will grow.
The Advice They Gave That Would Have Made You Broke, And Exactly How To Avoid It And Make Huge Profits.
They say it’s bad form to bash your ‘competition’ – so please excuse my bad form, but I think you’re being fleeced by the media and others. If you don’t mind seeing Forbes embarrassed, THIS is for YOU
Every time Forbes,
Making money in real estate boils down to these three simple factors…
Leverage & Appreciation are the cornerstones of all real estate wealth.
Timing is the variable that determines if you win, or if you lose.
Let’s look at Leverage…
Just about anyone can control a property with a relatively small amount of cash… or sometimes no cash at all… THAT’s WHY real estate investing makes such good late night infomercials… because any fool can sign on the dotted line and take control.
Automatic appreciation can be combined with forced appreciation strategies. It works! It’s a lower risk because hot markets are very forgiving!
The same local market cycle reality holds for all strategies. Old concepts die hard. The market always trumps strategies. Read more here!