When Pessimism Prevails, It's Time to Get Rich

“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”

Colin L. Powell


You read the news, watch the TV, and talk to your neighbors and you will find that there are still too many people being pessimist about the economy and the housing market. They cannot be blamed, many investors lost their shirt in the worst decline in real estate value in the last twenty years. Unfortunately many families have suffered the lose of their homes and many American have lost hope. Consumers are nervous and people aren’t sure what to do.

In troubled times like the one we are living, many banks have closed the flow of financing into the economy and people are more than likely sticking cash under the mattress instead of making purchases. I’m here to tell you that that’s the wrong strategy. To explain the reason why, I’m going to remind you of the first rule of successful investment strategies – Buy Low and Sell High. During my early years in real estate, those wiser than me would tell me that the profits in real estate investing are made in the buying and not in the selling.

It is that simple. When certain markets start to dive, the smart investor begins to purchase. This is true in the stock market as well as the real estate market, ask Warren Buffet. The smart real estate investor, is now studying great opportunities, he/she does not just make purchases without doing analysis and research. The key to successful real estate investing is in the good decision making. The smart real estate investor is not buying under pressure, since he/she knows her market and knows what is the right price to pay for the property.

Remember the wise words of Robert Kiyosaki, in his article When Pessimism Prevails, It's Time to Get Rich states it best: “Opportunities this big don't come along often, so this is your time to get rich.” This is done best by doing research, learning some, doing some more research and learning some more. Then and only then, will you be able to make sound decisions based upon sound research. Happy hunting!