[Anonymous]

Anonymous

The #1 question I’m asked is “how long will this market last?”

I get the impression that some people are hoping they can just hold their breath and wait for the previous market to come back. The question usually comes from people who are fairly new to real estate – less than 5 years of experience.

The reality is that the previous market will most likely NEVER come back. The days of easy credit, easy financing, loosey goosey appraisals, and even looser loan practices will probably never come back.

A lot of EASY money was made over the last 5 – 10 years. Most of it did not require much skill in negotiating or deal structuring. In fact, it didn’t require any skills at all in some markets, you just bought the house, waited for a year and you had a 30% profit.

Those days are gone. And the sooner you realize that those days are probably gone forever, the better. This will enable you to “switch gears” and adapt to the market you are in today.

Every kind of market, whether it is a buyer’s market or a seller’s market, holds unique opportunities for those who have taken the time to LEARN how to creatively structure deals.

With so many homes on the market these days, it is easier than ever to get really good terms with seller financing – often with zero interest.

On a conference call last night, I proposed this question:

Which deal would you rather do?

Buy a $150,000 house for $100,000 but it required that you find a private lender or bank to put up the money.

Or buy the same $150,000 house for $150,000 with $3,000 down and payments of $1000 a month and no interest? ( you could wrap this loan and sell the house for $150,000 with $5000 down and payments of $1500 a month coming in to you or you could rent it or you could do a lease option)

See why buying for cash is NOT always the best answer??!!!!

(Not to mention that you have the opportunity to re-negotiate the seller financing deals to make them even better AFTER closing)

It is always better to get “creative financing”… even if you pay a higher price! And that’s what all the lessons at CREWealth teach you.

Sure, there are plenty of cheap REO deals now. Houses that were selling for $200,000 last year are on MLS for $150,000 now.

But, because it requires buying for cash – they are often not such a good deal.

There are just too many ways you can buy WITHOUT cash now!

It is easier to buy houses subject-to the mortgage. You can create really good cash flow by using a master lease or a performance lease is much easier now.

You can also get an option on just about any property so you control it while you find someone else to buy it.

None of these types of transactions require much cash!

So you don’t need banks, you don’t need private lenders, you don’t need hard money lenders. The reality is, this makes your life easier if you can just do the mental shift to creative deal thinking. It will require some skill in negotiating and deal structuring.

CREWealth is here to teach you those skills!

Instead of trying to force the market to fit into the OLD way of doing business(buy cheap, sell high), it is better if you adjust your strategies and techniques to the NEW market conditions so you can take advantage of them while they last.

Stop waiting for the market to get better. The old ways of doing real estate deals are gone forever. When you are structuring creative deals, this market is just about as good as it gets right now!

Jackie