Home : Don't Let Bad Press Scare You Away From Buying Real Estate!

Don't Let Bad Press Scare You Away From Buying Real Estate!

Posted by Brett Carman on 4/7/2008 at 6:00 AM
Posted in Real Estate

Ever notice how when you turn on the news, you usually get the bad news first. They first have to tell you all about the murders, burglaries and tornadoes. Then, if there is time, they will throw in a “feel good” story at the end to try to leave you with a positive taste in your mouth.

The same can be said about how the media is portraying the current real estate investing markets across the country. You can’t turn on a television or pick up a newspaper without being inundated with the reports about how terrible the market is. I believe this is occurring because of one simple fact...Bad news SELLS!

Apparently, hardwired into our brains there is a twisted thirst for the “blood and guts” information. It must help release endorphins and adrenaline to see suffering and anguish. The truth is, now is a great time to invest in real estate! Whether it is for your primary use or investment, there are great deals to be had.

Are you the type of investor that waits for a stock price to escalate before you buy? Do you wait for that sale to end before going into the store and purchasing the item you have been dreaming of? Of course not! “Buy low, sell high” is capitalism at its finest. The best times to make money in real estate as well as the stock market, is when you have volatility.

Thanks to many factors playing out in our economy, we definitely have volatility going for us. Now I am not promoting that we bury our collective heads in the sand and make poor choices. What I am saying is that the time has come to not let the media outlet’s scare tactics keep you from making some smart buys in a time when inventory is plentiful and banks are begging to loan you the capital you need to structure solid deals. People will tell you it is harder to borrow money now and the truth is it both is and isn’t, depending on your positioning. If you have solid credit, the right property and/or a proven track record both financing and prices are at all time lows.

What are you thoughts about the current opportunities? What creative strategies are you considering taking advantage of in what might be the biggest sale on property we have seen in the last 5-6 decades?

Brett Carman is a seasoned veteran in the real estate industry for over 17 years. He holds active licenses in real estate, mortgage finance, and property & casualty insurance. Offering a one-stop shop for his residential and commercial clients, he strives to not only educate, but streamline the real estate acquisition process. With a long and proven track record of success, he is uniquely qualified and has a passion for helping people achieve their goals in real estate.

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6 Comments

Posted by member1777460 on 04/07/2008 11:14 AM

I agree that the best time to make money is during the high volatility periods. There is no doubts that the best time to issue the purchase offer is when the amplitude of price fluctuations has its maximum. The only questions to think about are: What do you want to buy? Where do you expect the next opportunity to make money on the property sale will arise over the time? and What is the risk ?

Posted by member1554929 on 04/10/2008 11:07 AM

Network News has its plus side too, as in DATA of or the Transference of information. Without as much of the bias, slant, or strongly opinionated viewpoints of a Cable Station or Talk radio, Mr. Trump! And I like my ABC, NBC, and of course CBS Anchors. And want to keep the status quo in that area to keep the peace here at home if nothing else, Sir!
Sincerely yours,
J. Glen Dale

p.s. It's not just my super crush on Katie, you know . . .
I have already balanced that out with my crush on Vanna years ago!
and i do not email too much do I?

Posted by member1781700 on 04/13/2008 5:45 PM

You shouldn't let the press or anyone else scare you away from real estate. You should learn enough to analyze a deal and make your own decisions. Right now with interest rates as low as they are, there good deals to be had. I post about some of these actual deals on my blog at http://www.myactualprofits.com/wordpress/ . These posts that describe actual investments show that you can definitely make money in real estate right now.

Posted by member1783935 on 04/19/2008 1:02 PM

I don't know whether you know the South African Property Market? I live on the Kwazulu Natal South Coast and the property market here is basically dead. There are still buyers out there, but due to the new credit act, less and less buyers qualify for bonds. I used to have a real estate company with my sister as partner. She wanted out and as she put in most of the money, I had to buy her out by paying her a large percentage of any commissions paid into my account. Trouble started when the interest rates esculated, the new credit act came into place and my company expenses were much higher than the income. I could not find good estate agents who really wanted success! I sold the business at R250,000 and thought that I would be able to launch a website where properyt owners could list their properties at only R400 per listing @ no commission. This did not really take off. I had to take a further bond on my property to pay for my children's tuition as I am a divorced mother, as well as to give me some time to find some business that would bring in an income. At this stage, if I do not get the right advice, I will lose everything. I have a house worth about R800,000 with a bond of R980,000, and in my flexi bond, an available amount of R240,000. I am paying my bond with my flexibond each month! I draw a amount of R25 000 each month to survive on to pay my bond which goes up each month as I draw against my flexi bond, car and other expenses. Should I take some of the money out of the flexi bond and put down a deposit on property and try to resell it even in this slow market, should I open another estate agency ? Should I rather go into a totally different business? As you can see, I am heading for total bankrupsy if I don't get the right advice now, to make the rest of that flexi bond work for me! I am just afraid that if I put a deposit down on a property, that I can't sell it at a profit fast enough to get me going financially and end up in even a worse dilemma as the one that I am in now! What should I do? The outstanding bond amount is esculating monthly and my flexi bond is running out and I don't have any other income! I can't even sell my house at what I owe on it! Please advise!

Posted by Brett Carman

on 04/22/2008 10:24 AM

@member1783935

I am very sorry to hear about your struggles. It would appear that you should re-evaluate your situation and know that you are not alone. It's not the end of the world even if you did have to file bankruptcy. That being said, I can't speak to what exactly you should do for work but the main thing would be to refresh your resume and get yourself out there! Even as an entreprenuer, you can suck it up and work for someone else to keep your head above water till you find your next opportunity. Good Luck and don't you give up trying!

Brett

Posted by Rachael Sutton #1253595 on 12/26/2008 9:44 AM

Mr. Carmen,
My first post to this blog was to your entry. Thank you for some good insights. I appreciate your interaction with participants as in the entry above. That expands the learning tool.

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