We are in an economy that is set up to create massive wealth. There are less buyers and more properties. This sets up an opportunity for wealth.
I been investing for 25 years and have seen some up and down markets. I've bought in all of them, and prospered doing it. With the right mindset and the right people, it is not difficult to build wealth.
I prefer lower priced homes in good areas. These homes need to be in larger cities with strong rental markets. I believe the more people, the greater the demand will be in the future.
Buy a home now, and get a great monthly cash flow. Then when the market turns (and it will) you have the option to sell for a profit if you want or just keep pocketing the cash flow. My wife and I own 28 rentals, and don't look to sell them anytime soon.
Imagine buying these lower priced homes for $35,000-$45,000 with $400+ cash flow per month. The longer you hold them the better your equity and as you pay down your mortgage, the better the cash flow. The rental market will always be present. People will always need housing. Rooftop Profit Max does over $60,000 a month in gross rent. These are very affordable homes in awesome solid family neighborhoods.
You may even consider moving into one yourself! I mean, wouldn't it be great to not have a mortgage payment? Or at least a low mortgage payment! This is the time to have a very nice home for the most affordable prices in our lifetime. How does both wealth and freedom sound?
So keep in mind that building wealth is great, and doing it in this market with less competition is easier then doing it in a good market when everyone is doing it. Having the right tools and people, and buying investment property in the right area can make investing a great opportunity for you in this economy. ~Brett Young, Valley Realty www.rooftopprofitmax.com
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