With all of the crazy news we hear every day about the economy and how bad the housing market is, it's easy to get caught up in the doom and gloom. But WAIT! Look at the past and you will quickly discover, that at previous times like this, some people actually made their fortunes.
It looks like things are starting to turn around in some aspects, a few new homes are starting, interest rates are at all time lows and even some existing homes are selling. Is the market going to turn around as quick as it declined? My opinion is NO, but there will be some significant recovery in the next 18 months.
SO, now is the time to take advantage of the situation. Houses have been sitting on the market for an extended period of time, job markets have changed and ARMs are adjusting, which all are supplying us with a giant pool of motivated sellers.
True, rates are low, but qualifying is tough and the number of buyers is still very limited. Recent statistics are showing that only about one in ten can actually obtain a loan in today's market.
Combine the huge pool of motivated sellers and offer financed homes to the buyers and you will have a combination that can't be beat, for a financial freedom plan. But in order to gain from the situation I cannot stress enough that education is the key to cracking the financial code. Money spent on education today will greatly reduce the amount of time and money spent in the future on a "real life seminar."
I would encourage anyone interested in financial freedom through real estate to get started NOW before this opportunity passes.
Friday, April 10, 2009
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