Everything you need to know about investing in 2 14…
Back in 2008, U.S. real estate was a money-spinner with
four million home for sale and prices declined by over 20%
, bringing US housing prices lower than prices during the Great Depression (for those of you who may not know, the Great Depression gave rise to more millionaires than ever before).
And so began the greatest investment opportunity of our lifetime…
it was literally a free for all with clearance assets overflowing on U.S. markets across the country. But today,
97% of Investors are buying the WRONG DEALS
Long gone are the days with banks begging you to buy the flooded foreclosure market.
If you are still looking for foreclosures on the MLS, you’ll NEVER become the
Next Investor Millionaire
Don’t get me wrong, the foreclosure approach worked wonders even last year, but the market has shifted. I won't try to change a winner, believe me. Only if it doesn't work will I try something else.
The truth is:
Real estate investors are driving the U.S. housing market rebound. Even if you do manage to find a deal, you’ll have to stand apart from at least
6 other investors with competing offers
. And God help you if you need to get financing because the red tape is a nightmare! Lenders are putting investors through cavity search background checks that will usually cost you the deal before you are even halfway through an approval process. And if you think you can outsmart nit-picking lenders with hard moneylenders, it’s more than likely you’ll end up overleveraged.
So is the opportunity even still worthwhile in U.S. real estate?