Re: Ed-Some Serious Questions - Posted by Ed Garcia
Posted by Ed Garcia on November 17, 2007 at 08:57:59:
Thanks for taking the time to voice your concerns.
I also want you to know that youâ??re not the Lone Ranger; many investors are feeling as you do in these uncertain times. I want to remind you of the name of this site. Itâ??s called CREonline. CRE of course stands for Creative Real Estate, meaning thinking outside of the box.
If our intention is to become a successful Real Estate Investor we not only have to be creative in our investing, financing, negotiating etc. We also have to be capable of making money in both a sellers or buyers market. Many investors who have visited this site have made money having no credit, no money, and even no job, with this kind of thinking.
What you are doing is standing back, looking at the ladder and saying, Iâ??ll never make it up to the top, rather then just start climbing it one step at a time.
The better deals are done when the seller is more motivated then the buyer. That being said, you have to go out and find deals with MOTIVATED SELLERS. In this declining market across the board that shouldnâ??t be difficult.
What ever you do, DONâ??T QUIT. When itâ??s a sellers market, investors say, â??Gee, Iâ??ve got all of these buyers and I canâ??t find any good dealsâ??. When it s buyers market, investors say, â??Gee, Iâ??ve got all of these deals and I canâ??t find anyone to sell them to. Its times like these when experience and knowledge makes the difference. When you think youâ??ve found a deal worth doing and youâ??re not sure what to do, just come to this board and find me. Chances are youâ??ll not only get my opinion, but the knowledge and the experience of others who frequent this forum to guide you as well. Show me an R. E. Course that can do that.
Have a nice weekend,