• Home
• Personal Coaching
• Business Consulting
• Internet Training
• Store
• About
• Contact

Subscribe

• Do Business
• Protect Assets
• Real Estate Agent Success
• The Inner Game
• Tune Finances
• Uncategorized
• Wealth

Housing Downturn Portends Huge Opportunities for Astute Real Estate Investors (Vid)

If economist Dr. Christopher Thornberg is correct (as I suspect he is) huge opportunities lie ahead in the coming five years or so for real estate investors.  "What?", you might say after watching the video clips from his lecture, "He's predicting a cooling of the market — an outright downturn — so what makes this such a good time to invest in real estate?"

Smart investors know that money is made during times of change and market flux.  When things are flat, nobody makes money, but when things are changing, either running up or running down, that's when the money is made.  Just like the past few years was a boom for sellers, the next few years are primed to be a boom for "buyers".

Did you know that the famous "Merchandise Mart" in Chicago (a huge and sprawling commercial complex on the Chicago River in downtown Chicago) was purchased by the Kennedy family (John F. Kennedy's father) in the 1930's for pennies on the dollar compared to what the building had cost to build just a few years earlier?  That's a prime, if not extreme example of how money can be made in real estate during down times as well as up times.  If people were doing it during the height of the great depression, then you can do it in today's much more favorable market conditions.

The key is to understand exactly what is going on and to devise an investment strategy appropriate for current conditions.  Don't be a "one tool carpenter"!  What do I mean?  A one tool carpenter is the guy who uses a hammer no matter what the job calls for.  Need to cut some wood — he hammers it!  Need to drive a screw — this guy hammers it!  That's all wrong — use a saw to cut wood and a screwdriver to drive screws.  In the same way that a good carpenter has an assortment of tools designed to fit the job, A GOOD REAL ESTATE INVESTOR NEEDS TO HAVE AN ASSORTMENT OF INVESTMENT TECHNIQUES THAT MATCH MARKET CONDITIONS.

The techniques that would have made you money during the past five years are probably not the techniques that will make you money over the next five years.  Take the time to study today's market conditions and learn what investing approach is best under today's circumstances.  Rest assured, if you do your homework you will come to realize that there are huge opportunities out there for the smart real estate investor.

Watch the three clips below from Dr. Thornberg's lecture and post a comment of your thoughts to share with others — we want to know what you think!

 

 

 

 

 

 

 

John Michailidis is a recognized business consultant, attorney, success coach, and author of the WealthLoop^TM Series of books and training materials for aspiring entrepreneurs and investors.  Please use the contact form to get in touch with him regarding personal coaching and business consulting.  Download the FREE, 40-page, .pdf "Wealth Creation Manual."

 

"Jim Cramer Blows a Head Gasket" — Does His Humanity Bespeak a Deeper Wisdom?

Have you seen this? It's shocking.  It's disquieting.  It's a truth that MUST be heard by you now.  See Jim Cramer's humanity, wisdom, and insight laid bare.  Take heed of his lone call for sanity.  After you watch the "meltdown" watch his comments on the furor his comments sparked.

 

 

 

 

John Michailidis is a recognized business consultant, attorney, success coach, and author of the WealthLoop^TM Series of books and training materials for aspiring entrepreneurs and investors.  Please use the contact form to get in touch with him regarding personal coaching and business consulting.  Download the FREE, 40-page, .pdf "Wealth Creation Manual."

 

For Real Estate Buyers and Sellers – These Are the Best of Times, and the Worst of Times

Have you been keeping track of the news lately?  On August 14, 2007, “Crain’s” reported Chicago area home sales down 19% in the second quarter.  A day earlier they reported, “Downtown [Chicago] new-home sales on pace to hit about 4,000 units this year. . .”  Sound good?  In 2005 there were 8,162 downtown units sold.

        The national outlook is even worse.  A recent report on eFinanceDirectory.com reported that, “Home foreclosure activity continues to soar nationwide over the past year, particularly in the states of Nevada, California, Arizona, and Florida.”  Think that’s their problem and it won’t affect us here?  A July 27, 2007, Chicago Sun Times article reported, “Nearly one in five sub-prime mortgages originated in Illinois in 2006 is projected to end in foreclosure.”  In plain English – there are going to be a whole lot of people in Illinois up shit’s creek without a paddle over the coming year.

        You can choose to sing “la-dee-da” as “Rome burns” or you can face the inevitable reality of what is about to happen.  Still not convinced?  Read this from an August 13, 2007, news story:

What about this one:

     My friends – the crap is about to hit the fan. Will you be prepared? For those who are not prepared, it will be an unholy bloodbath. For those who are prepared – it will be the greatest money-making opportunity of our lifetimes! As for me, I plan on getting rich. What about you? Are you going to keep your head in the sand and deny reality, or are you going to prepare yourself for the many opportunities that will ensue?

John Michailidis is a recognized business consultant, attorney, success coach, and author of the WealthLoop^TM Series of books and training materials for aspiring entrepreneurs and investors.  Please use the contact form to get in touch with him regarding personal coaching and business consulting.  Download the FREE, 40-page, .pdf "Wealth Creation Manual."

Next Page »

Click Here For John's Book At 10% Off Amazon + FREE Shipping

Copyright © 2007-2008 Brain Forge Press, Inc. -- 2106 N Clark, Chicago, IL 60614 The WealthLoop Project