Many investors and homeowners will be shocked by that statement, but if you are an owner-financing type investor, the next three to five years are going to provide you with tremendous opportunities.
Sellers used to hire a real estate agent, the agent would put the house in the MLS, and then homeowner would start packing and the agent would start spending their commission check. Agents merely had to sort through the offers, and choose one that offered the best terms and the most money over the asking price. Like the spaghetti western, those days are gone, along with many of the real estate agents and mortgage brokers that flooded the market during the real estate boom.
The crisis we’re about to encounter can provide the astute and educated investor with a great chance to become financially independent. We all know that we can make money in a good market, but history shows we can get very rich in a bad one. Now more than ever, I’m dedicated to bring more applicable knowledge of what it takes to succeed in the coming bad years. What we need now is the necessary knowledge to acquire real estate creatively through lease options, “subject to”, short sales, discounted notes and much more. So, get ready for a great opportunity to own real estate with little or no money.
As Emerson once said, “the ancestor to every action is a thought”. You first have an idea; then you have a thought; then you have action. It’s important to see the distinctions among them, for if you try to put them together you will lose clarity. At first it may appear that they are all happening at the same time, but this is not the case. If your awareness is high, you will see where one starts and the other takes over.