I’m sure you are panicked at this point. The banks are barely lending. The Market has crashed and the media is talking global depression. The Dow is at 8,134 as I type this. So what am I doing? I am bidding on 20 homes. Mass Hysteria has provided and incredibly opportunity for Mass Consumption of undervalued assets. Nobody can predict how far the market will fall or when the falling will ease. Many people have lost 1/3 to 1/2 of your savings. Don’t jump off any buildings yet. You can recover. Recover by buying REAL assets that are undervalued and creating cash flow now. My average home lately provides $30,000 in equity, $20,000 in cash and $150/mo. in cash flow. What are you waiting for? The illiquid nature of real estate is GOOD. It keeps prices from falling off the planet. In addition, these homes have tangible and real value. Consider the replacement costs or the income approach to valuation when you buy an asset. Many of you may not know this, but I have been licensed with a 6 and 63 in my previous life as a banker. I could sell insurance, and mutual funds. I quickly got out of that line of work for one simple reasons. You can not sell what you don’t believe in. I was not successful with these licenses as my heart was not in it. Real estate is in my blood. It’s my calling. It is my passion. While others often go to a job for a paycheck, I eat, sleep and breathe this business. I live it. You may struggle through a project or have a horrible transaction (we all have), but if you stay the course and build a portfolio, you will likely create an incredible amount of wealth. You can not rent stock. In panic sell offs, the little guy gets crushed. Many of you may have gotten crushed, fret not, because there is opportunity everywhere. We have locked up 15 projects in the last week. We can not possibly send out every home we get. We do our best, however many hungry investors gobble these homes up before we can even send them out. Contact my office if you’re ready to take advantage of this market, rather than let it take advantage of you.
The difference between my office and all other companies is simple, and here is the proof. (Literally, the Proof of Funds). It’s now $1.6M.
Buy Low, Sell High. This is the low my friends. In time of crisis I leave you with this poem:
IF
If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise:
If you can dream-and not make dreams your master;
If you can think-and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two imposters just the same;
If you can bear to hear the truth you’ve spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build ‘em up with worn-out tools:
If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: "Hold on!"
If you can talk with crowds and keep your virtue,
Or walk with Kings-nor lose the common touch,
If neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds’ worth of distance run,
Yours is the Earth and everything that’s in it,
And-which is more-you’ll be a Man, my son!
-Rudyard Kipling
