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Sunday, December 9, 2007

Taking Advantage of the Doom and Gloom

12/09/2007

I've got 5 offers to fax in first thing in the morning. All of the properties are vacant, need work, and have been sitting on the mls for several months. My offers are embarrassingly low (less than 50 cents on the dollar, minus repairs) but hey, the market sucks, and what else are we to do?

I don't know about you guys, but I plan on taking full advantage of this doom and gloom picture that the media is painting. They are doing such a fantastic job of scaring the ever-loving-shit out of every homeowner in America, and it is creating a fantastic buying opportunity for those who are still in the game. People can spew negativity at me all day long about how bad the market is, how bad it's going to get, and on and on, but I know from my own experience that PEOPLE ARE STILL BUYING GOOD DEALS RIGHT NOW!!

There is a ginormous amount of potential in this market to make some serious cashola, and I'm damn fired up about it. You should be too.


If Bob Norton can make 6 figures A MONTH wholesaling REOs in one of the most depressed real estate markets in the country (Detroit), then there is no excuse whatsoever for me not to be successful in Tampa. Not a single one.









2 comments:

DayByDayFlips.com said...

Hell yeah Steph! Right there with ya!! We have decided to start flipping to landlords along with our regular flips. Very excited about our new venture. Great time to be in real estate too. Let the cream rise to the top my friend.

Anonymous said...

I'm with you Steph. Let the media continue to paint this "horrendous" market for housing. I'll keep buying as long as I can.

Boo yah!!