There I was standing on the side lines in one of the hottest housing markets scratching my head as to whether I should buy and get in the game. I was new to the real estate game. I had been buying for a few years. I had limited access to money. The year was 1991. I was wondering what I should do to get more money (that still has not changed I need access to more cash). I was wondering what I needed to do to get the great deals. I did not think about learning new tricks to buy houses. Then again there weren’t any seminars or real estate investment groups I could attend. So I missed it. Do I regret it? I got an important learning lesson. The lesson was easy to understand and hard to implement. I needed to get more people involved in my investing business. I put an ad in the newspaper. “I am looking for a few good partners who are looking to take advantage of this incredible market. People who are willing to take calculated risk to get a reward of money. Those individuals who want to earn wonderful rates of return on their money while enjoying a hands off approach have an opportunity to hit it big in this real estate market.”
The market is hot right now. There was a recent article in the Atlanta Journal Constitution that stated Atlanta was the hottest flipping market in the country. The bad news is a newspaper reporter picks up on the market when the market tends to be at the peak. I have wholesaled more houses this year. I have done more flipping this year than in past years. I wrote an article in 2012 that said the market had turned in Atlanta. So where are you?
What should you be doing to capitalize on this market? There are five things that I recommend to get you started, and a few other things for those of you who are more seasoned.
If you are starting from ground zero: (no cash, no down payment, no education, no budget for investing, no credit, no paperwork, but you have a burning desire) then follow the five steps below. If this is not you, then skip to the next section “you have some experience in real estate” that follows.
If you have some experience in real estate:
The reason why this market is going to pass you by is simple… no action. When you work on your fears to overcome failure or even fear of success, the chance of your success dramatically goes up. When we market to get our name out there it works. You will get paid. Your ability to get an education will solve your problems, while building confidence and self-esteem.
The choice is yours! The opportunity is here. You have three choices: not at this time, not for me and yes I am willing to do what it takes to get my share of the pie and profit. The last option is the one I use. Even a bad decision is better than no decision. Make a decision.