Is It Just Me Or What?
Is it just me or this real estate investor business is getting to popular...Everywhere i go i see people either building new houses or buying these houses thats in foreclosure and fixing them up...and it is also somebody new everyday talking about they about to start investing in real estate...wow all this means is more comp but im not worry about all of that because i have a good enough stragey for my business but i just had to get this off my chess... 
p.s. that means it's just you..........
lol........km
its true, every tom,dick and harry is in RE business these days. every one who owned a house in past 3-7 years in most markets has made money. i have friends who are engineers,lawyers,docs getting in the RE business because of the easy money involved. I wonder how all this mayhem will turn into.
JFKs dad Joseph Kennedy made millions in the stock market. When even his shoe shine boy started giving stock tips Joe knew the market was overheated and bailed out just before the crash of' '29 saving his fortune.
Yeah, but remember that for every 100 people that get started in this business, 90 of them drop out. You're noticing that people talk about it because it's something you're invovled in, but I'd bet it's been that way for years.
Yea thats true but i really think its get more popular every year. All differentkind of people are giving these real estate seminars even my mayor got involved in one....
We are also in a big up market for RE, interest rates are low, peoples returns in the stock market are going down, they see RE as a good alternative to the stock market for investing...it will calm down when interest rates rise...just wait how dead it will get if rates go back up to early 1980s levels...
You are right and the reason is because of the poor returns, the economy and the constant advertising of Kyosaki, Sheets, etc. Like someone mentioned before, out of 100, 90 will drop out, but what is happening more and more is those 90 are doing almost everything wrong and starting to create a very bad name for what most of us our doing. If you don't believe me, start looking around and notice all of the local municipalities that are putting up laws on lease-options, "flipping", etc. The reason is that so many people are getting into REI so quickly and have such high aniticipations because they are pumped up like a diet commercial and then get into something and realize how hard it is and usually someone ends up getting screwed, usually the homeowners.
As long as the stock market, job market, and economy stay the same, you are going to have mass amount of people trying to make a quick buck or supplement their income and as long as you have that, you are going to have the Kyosaki's, Sheets, etc keep pumping out "promises" when they all know they are preying on the same psychological trigger that diet commercials prey on when they promise how fast you can lost weight. They know that most of the people will buy into the hype and then turn around and never do it.
Best,
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Come on fellow investors, a little competition never hurt any one! Just keeps you on your toes a little!
You should have been out their when no money down became popular, their were so many folks looking to get rich out their we were stepping on each others toes, but not to worry cause only the strong survive in this game.
Have a happy holiday to all.
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I want to be out there to pick up after they all leave ...
I look at it this way, in my area one of the biggest rehabbers goes through close to 130 homes a year and he is hustling every day to get those done. Me on the other hand, if I do 12-15 a year, thats 100K a year for me. I don't get my rehabs through the MLS nor are they single family stuff. They are mostly multi units that I get first dibs on. What I am trying to say is that there are tons of deals out there and from what I can see, plenty of room. There is everyone fromn the guy who does 3 flips a year to the 130 a year guy and there are still listings sitting on the MLS. You just notice it since you are involved. If you were a doctor you would suddenly notice all the other doctors out there or Psychologists etc.
When institutional money gets scarce and the interest rates start going up dramatically, many of the ideas that are tought in the seminars will be easier to apply. Those who can convince sellers to carry back their equity in a soft note after receiving 400 pairs of roller skates as down payment will be back riding high!
i wish i knew about real estate three years ago...i see people that go to college for 4 years and next thing you know they stop pursuing their career to go do real estate....lol thats crazy...
We all market and advertise differently. I would suggest going to TCI's marketing forum and do some research there. http://www.thecreativeinvestor.com/ViewForum30-3206.html
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