What will be the real estate market look like in 2011?
and how can you position yourself to benefit from the new normal?
You know, there will be millions and lost in the next 12 months. The question is on what side of this equation will find themselves?
Who knows where the real estate market will go? Not even the most knowledgeable, most well-educated economists, financial experts, politicians and real estate gurus have a clue. They are all confused, as evidenced by conflicting reports and articles that come out daily in The Wall Street Journal, MSNBC, and the rest of the media (liberal and conservative, etc.) proving that wears $ 5,000 suit does not necessarily mean that you know what you are talking about . Even Jim Kramer, Mad Money host, put his mouth in gear before his brain was engaged when he called the "absolute bottom "of the real estate market a year ago. I believe it's Wednesday. He was still wiping egg off his face.
Then you'd be surprised if I told you I have no idea either? Or how about if I told you that I know exactly what will happen? Would you believe me then?
Like when I said a year ago to HVCC crash and burn, or that financing will become easier for investors, or that Bristol Palin will be a finalist in Dancing with the Stars ... Ok, that last one, I just made up, but the other two are true.
To predict what I think will happen only becomes valuable to you, if that helps you make decisions today that will yield some financial benefit from the end of 2011. That things will change in 2011 is a great mystery and revelation that will change in favor of real estate investors like me and you is actually
.Here's how:
1) a significant increase in supply, such as a display in a ton of new REO and short sales caused serious downward pressure on the listing and sales prices. It has become the White House has a new number one priority. "Kill Mill" = rid of dead inventory as fast as possible.
2) a serious influx of cash available from private party lenders and investors. Where else can you get better than 10% return on your money than in real estate these days? This is a no-brainer.
3) Superior to finance real estate investors and home alike from conventional lenders such as Wells Fargo, JP Morgan, Bank of America and various wholesale lenders. It has already begun.
4) More flexibility on the part of lenders holding non-performing assets. Just check the increase is not escrows and discounted sale price when they finally quit.
5) less competition in the market tapped out wannabe investors. Most of these guys have already left the table, or will soon be going out bruised and battered.
Here's how you can take advantage of the current situation.
As usual, the success of the natural laws of the game never change. If I do, you should know the following from memory.
First, here are the basics:
1) Decide what you want to do. Nobody can do for you.
2) Select a target market. Make it small, convenient and thoroughly learn, better than
anyone else.
3) Place the GPS (goal, plan, systems)
Aim = destination: whether the number of houses, the monthly income or net worth
Plan = This is how you get there: buy and sell (a bird dog, flip / wholesale or retail), or
buy and hold (rent)
= living systems measurable action (look at the house, talk to agents, to bid)
Remember, the two most important assets you possess as a human being is your time and focus. Time, because there is only so much that he (and what you can never lose the make-up) and focus, because whatever the place to be extended, whether your profession or bank account
.For those of you already in business, focus on two things: 1) keeps finding new ways to dissect your local MLS and submit offers day and 2) reduce the overhead immediately.
View all costing you money on a monthly basis from fixed to variable costs and cut any non-essentials. Make every dollar matter.
Identify tara on your team, such as agents, contractors, lenders, deposit officers, supervisors, anyone and everyone who is not doing its job and that they kick to the curb once! Mostly streamline their processes and focus on your bottom line.
Do not be frivolous with anything this year, your time, your focus, your money or your trust. Ask for proof and evidence in everything you do. Do your homework. Watch out for pretenders. There are lots of them in this market right now and more coming.
Despite all the obstacles to your mind can conceive, believe in your personalability successfully take advantage of this once -a-lifetimeopportunity. proof of your success is all around you. You are the ruin of financial independence. Choose to participate. Do not take "no " for an answer.
The bottom line is I have complete faith that this is the real estate market began to be in our favor. I am very optimistic about the future of real estate in 2011 and beyond.
I believe that 2011 was a crucial year for the property. It is basically a first modification of the World Series of Real Estate for this next decade. So, step up to the plate and knock one of the park ... I dare ya!
and hey - who loves ya, baby
?
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