Jimmy Hoffa once said; “I have many faults but being wrong is not one of them.” Most of today’s so-called real estate experts exhibit the same belligerent confidence about their opinions. Some of their predictions are nothing short of disastrous; many of the experts have been predicting a major turndown in the market for the last 3 years, but we all know what has happened during this period. Still, no one wants to admit he was wrong.[googmonify]4494413162:right:250:250[/googmonify]
The problem with listening to these “experts” is that it confuses and paralyzes those who would accept their words as scripture.
The fact is, no one really knows for sure what the future has in store for us. The economic and social factors we’re facing now are unique. US demographics are shifting radically. We have the largest population of the wealthy senior citizens ever and the baby boomers are fast approaching the retirement age. Moreover, most of the world wants to come to America and we just don’t have enough homes to accommodate them all!
For all we know the values may be going up and up and you may be losing money every single day you wait on the sidelines. My suggestion is to get involved. Don’t wait until everything is perfect, as it never will be. Buy real estate anywhere you can now and plan to hold it long term if need be. Real estate in a good location will never lose value if held for the long term. Unlike other investments, real estate offers you many options to allow you to hold on until the market turns around. These options include, but are not limited to, refinancing, equity lines of credit, lease options, land contracts, renting and more. Moreover, tax benefits of real estate are far better than any other investment vehicle.
So, my advice to you is to listen to your heart after you read the predictions. If you feel right about investing go ahead and act upon your desire immediately. You need not be listening to the advice of “educated derelicts” who claim to know it all but fail to act in any meaningful way themselves.
I encourage you to attend our monthly real estate meetings. At these meetings you can gain the necessary tools to make wiser decisions in your future real estate investments on your path to financial independence.