HERE’S WHAT I’VE LEARNED IN A 20 YEAR CAREER INVESTING IN STOCKS AND REAL ESTATE…
Stocks…I will tell everyone on this forum what I am buying RIGHT NOW. Few, if any of you, will follow me into ANY of these investments for the reasons already explained.
I am currently buying…FORD…Alan Mulally is building a NEW FORD MOTOR CO. as we sit here. It will be better than ANY previous version. Ford stock…$7.50/ share. In 5 years any investment in this company will have increased by 500%. How’s your 401K doing these days?
I am also buying American HOME BUILDERS stock. Yep you read that right. HOME BUILDERS…Toll Bros. Centex, they’ve been destoyed in the last year. When Saudi Princes start talking about how undervalued American home builders are right now you had all better pay attention. (Saudi’s have consistantly been some of the shrewdest investors in the world, and these guy’s are buying with THEIR money, not someone else’s)
As real estate investors we should all be able to see this panic for the INCREDIBLE buying opportunity it is. Load up boy’s, these deals come along a few times in your life.
I learned a while back that I hate residential rentals. The tenants have all the rights and the landlord all the BS. I’ll pass, thank you.
What I am buying is FLORIDA LAND!!! No insurance, no maintainance, no tenants, low taxes, and I am currently STEALING land in Florida from people who bought too much, too fast, and JUST WANT OUT…NOW!!! Thank you, I’ll be more than happy to buy your land for what amounts to 20 cents on the dollar. I buy for the LONG HAUL. 10 years from now this bust will be a long lost memory for most dim wits out there. I’ll sell my land back to these people for a 300% to 500% returns. Again, how will your 401K compare?
None of this is bragging. It’s CONTRARIAN INVESTING at it’s heart. Buy what NO ONE else wants, when no one wants it. It is VERY hard NOT to make a lot of money IF your patient. I already have properties that provide excellent cash flow, when a SALE like this occurs I’ve learned to load up on absolute steals. The pay off that comes down the road is incredible. See this for what it is… The greatest buying opportunity we will probably ever see in our lifetimes. Just be careful, buying just to buy isn’t the answer. When I can get a waterfront lot in Florida for $30,000 that some dope paid $185,000 for 2 years ago. I HAVE TO BUY!
THINK LONG TERM. 2008 will see some of the greatest deals in history.
The interesting thing is, they won’t seem like great deals at the time becasue the psychology of the markets will cast doubt into the minds of the masses. You guy’s remember the masses right? The people who literally camped out on lawns in Florida to buy pre-construction condos, the people who thought buying a home at ANY PRICE was a NO LOSE deal, the people who bought 2 or 3 homes with all that equity in their OWN home and now are losing EVERYTHING. The Wall St. pro’s who dumped TRILLIONS into sub-prime loans because “this is EASY MONEY.”
I’ve said this before and it bears repeating…
"When you get to a point where the mere mention of a real estate investment causes people on the streets to run screaming into their rental homes, YOU HAVE HIT THE BOTTOM!!
WE are VERY close folks, VERY CLOSE!