Thread: Thought for the day! Are times bad or are they good?

I am a fan of all kinds of different music. I listen to country, pop, hip-hop, rock, ect. I have always admired Emeimen for being able to accomplish what he has done in an industry that did not really accept him. He is a white rapper??? This seems a little off to me, but he did what he was passionate about and made it work. Below is one of the lines from a song. It has always inspired me. I hope that it inspires you!!!!

"If you had one shot, or one opportunity, to seize everything you ever wanted in one moment, would you capture it or just let it slip?"

Emeinem

Are we living in a time of misery or a time of great opportunity? I have to admit we have been sitting on the side lines for almost 1 1/2 years. We have survived off of our rental income as the house flipping business was almost dead. I was kicking the can and feeling sorry for my self. Until I thought of the words above. I began to see this picture a little clearer.


1) Housing prices have plummeted
2) Stock prices have gone in the toilet
3) Money is hard to borrow
4) Consumer confidence is in the tank

So what does all of this mean? It is time to look for deals. It is time to strap on the helmet and the game is on. We have not seen prices this depressed since the late 80's, and what did that do you ask? It made a lot of millionaires. Now we already have a net worth of several Million, but it is time to get even richer. This is capitalism at it finest.

Just for all of you action takers out there we are making offers on over $15,000,000 in real estate next week. So is it good or bad? I would say it is GREAT! I hope this helps!

Originally Posted by reipro

I am a fan of all kinds of different music. I listen to country, pop, hip-hop, rock, ect. I have always admired Emeimen for being able to accomplish what he has done in an industry that did not really accept him. He is a white rapper??? This seems a little off to me, but he did what he was passionate about and made it work. Below is one of the lines from a song. It has always inspired me. I hope that it inspires you!!!!

"If you had one shot, or one opportunity, to seize everything you ever wanted in one moment, would you capture it or just let it slip?"

Emeinem

Are we living in a time of misery or a time of great opportunity? I have to admit we have been sitting on the side lines for almost 1 1/2 years. We have survived off of our rental income as the house flipping business was almost dead. I was kicking the can and feeling sorry for my self. Until I thought of the words above. I began to see this picture a little clearer.


1) Housing prices have plummeted
2) Stock prices have gone in the toilet
3) Money is hard to borrow
4) Consumer confidence is in the tank

So what does all of this mean? It is time to look for deals. It is time to strap on the helmet and the game is on. We have not seen prices this depressed since the late 80's, and what did that do you ask? It made a lot of millionaires. Now we already have a net worth of several Million, but it is time to get even richer. This is capitalism at it finest.

Just for all of you action takers out there we are making offers on over $15,000,000 in real estate next week. So is it good or bad? I would say it is GREAT! I hope this helps!

Great post +++speed. I agree it is good times. Still working on ways to make the most of it. Good luck with your bids.

First off all. Glad to see ya on here again. I enjoyed your posts in the past.

2nd, I agree completely. My philosophy has really changed this last year. I would follow like a goat when others fled. Now anytime I see folks fleeing, I start looking at possibilities.

Great Post and good luck on your RE ventures.++

I completely agree.

As a stock market investor,
I haven't seen these kind of deals in years.
Valuations make no sense at all.

I bought a REIT yesterday
If they liquidated all their hard assets today,
it would net them three times their stock price.
Plus they're distributing 44% a year.
Even with a healthy margin of error
(real estate prices correcting, cutting distributions in half),
I simply have to say WTF.

Sure, the prices could go down more
but in five years, buyers are going to be laughing.
I think THIS is the perfect time to create wealth.

Well, as a procurement analyst,
you should have a solid base.
That's a great start.

Have you went through Russ' goal setting exercises?
Figured out what game you want to learn?

(I'm a stock bunny
but there are others on this board
more competent in that than I am)

Most of our target customers ARE in the slowlane
so supplying them slowlane information or products
is a great idea.

YOU and your company need to be fastlane
(though ironically I am not,
took me 13 years to make my first million).
Not your customers.

PhxMj,

Is that the shamwow guy in your avitar?

Personaly I think the market sucks, and have taken some flack for that. But what the heck, its hard to sell anything, buyers are a PITA, money is tight, whats to like? If I had millions sitting in the bank I'd probably look at it differently, but I don't. I'll have to catch the next recession.

Still its workable, I'm already starting to think about deal 3 and 4. All you can do is move along. My view is if you can opperate in this environment, well anything else is cake.

Originally Posted by hatterasguy

Personaly I think the market sucks, and have taken some flack for that. But what the heck, its hard to sell anything, buyers are a PITA, money is tight, whats to like? If I had millions sitting in the bank I'd probably look at it differently, but I don't. I'll have to catch the next recession.

Still its workable, I'm already starting to think about deal 3 and 4. All you can do is move along. My view is if you can opperate in this environment, well anything else is cake.

I guess I am going to say it to you again! Find a partner!!!! Find someone who has cash!!!! IF the deal is good the money will follow!!!!! Talk to 50-100 banks someone has money to lend!!!! I quote Henry Ford all the time! "if you think you can or you think you can't your right!"

You do not think it can be done. Based on history we will not see prices this low for another 20-30 years. You want to wait that long????????

Originally Posted by Dhappy

All my REI friends are in FC or bankrupt and tell me you can,t make money in RE anymore. I don,t say a word, I just go on making a nice living buying,selling and renting. I,m in fl and everyone says REI is dead. IF you buy cheap and sell cheap things move. I just sold two rehabs that were under contract in less than two weeks. The deference between me and my friends is when I started over 10 years ago my living expenses were $2700 a month. They are now $3000 a month. One guy I know went out and got a wife half his age and a 500k house and hot sports car. All 3 are now gone and he is going down fast.

Excellent point Dhappy!!!!!!! Speed ++