It’s a Buyer’s Market… Why Aren’t You Buying?

People move like SHEEP when it comes to investing; they follow the pack like “SHEOPLE”. When the market is hot, they follow people in. When the market is soft, they follow people out. Unfortunately, that’s exactly why 95% of Americans retire broke, and 5% of Americans retire wealthy.

Ask the wealthy how they got that way and they’ll tell you - the majority of them by buying real estate, often in bad times, then holding on. In 1988, you had to be an IDIOT to buy real estate in my city of Denver, CO. However, I know a few idiots who bought 20 houses for $30,000 each in 1988 from HUD. Residential vacancy rates at that time were close to 20% in those neighborhoods. Now, the vacancy rates are 5%, and the properties are worth $180,000 - $200,000! I wish I was one of those idiots, because I got into the Denver market in 1993 when things were coming back and it was a “seller’s market”. I bought a sold nearly everything, made good cash flow, but wish I would have held more properties, because they doubled, some tripled by 2001.

Since 2001, the real estate market in Denver has declined steadily, but prices are still MUCH higher than in 1993, and even higher than 1988. What’s the point? The time to BUY AND HOLD is when things are DOWN, not towards the top when the sheep are buying. In my market, the sheep were buying up in 2000 - 2002, precisely when things were a SELLER’s market, and prices flattened, even dropped a bit since.

Even still, however, you can profit in ANY market once you learn what to do. My new book, “Defensive Real Estate Investing“ gives you the tools to make money in ANY real estate market. Don’t be a SHEOPLE. Learn how to be a fiver-percenter.