I believe most people have a dream of becoming rich someday. Most of us know someone that has accumulated a great deal of wealth during their lifetime. If you ask these individuals how they managed to obtain this wealth, there is a good chance they will respond with two words (real estate). These folks will probably go on to tell you that they worked the up and down cycles of real estate. The real estate market tends to ride these cycles about every 8 to 12 years. Home values climb to a point where very few people can qualify to purchase them; this forces the prices to fall back to a more reasonable level. This is when the wise investor makes his move. He purchases these homes at a deflated price, holds them until the market climbs back (as it always does), then sells for a nice monetary gain.
Right now is when these investors are starting to make their move; they are buying up California real estate at ridiculously low prices, holding on to them as rentals and five or six years down the road, they will turn them for a nice profit. You will probably hear a great deal of laughter from these folks as they head for the banks.
The opportunity for gaining wealth is here right now; as you have no doubt have heard many times (Opportunity only knocks once). Don’t let this opportunity pass you by. The real estate market is currently a buyers market. There are more homes out there priced far below their actual value than I have seen in years.
Regardless of what you have heard from the news media, there is mortgage money available, at a very desirable interest rate.
I guess what I’m trying to tell you is; if you want to become one of those rich old birds, now is the time to make your move. BUY REAL ESTATE NOW. Listen, do you hear that? I hear some knocking. I don’t think it is a woodpecker!
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