What has happened in the current real estate markets is unprecedented. Massive decreases in value, nationwide. Thousands and thousands of foreclosures. Rampant economic blight in neighborhoods. Families forced out of their beloved homes…
The scene in American real estate is ugly and it may get uglier still. What has happened is the result of a lot of people making a lot of bad decisions, all within a few short year's time. No, it can't be "fixed" with a magic formula. Nor can it be ignored. It must be dealt with in an intelligent and deliberate way. And big daddy government with all his incentives is NOT the answer. Well, then who is?
The answer may surprise you. They're not economists. They're not PhD's. And they're definitely not politicians.
The ones most likely to fix the disaster in American real estate are investors. Real estate investors. Yes, that's right, the folks who buy and fix and sell residential real estate. They are the ones poised to bring healing to this decimated market. And they do all this with building contractors.
Building contractors, with all their experience and knowledge and tools, make the perfect "hybrid" real estate investor. Once they learn to arrange funding, find the right houses and market them to buyers, contractors have a HUGE advantage over the investor newbie who spent the first twenty years of his career sorting mail or writing reports.
Contractors have a unique perspective on and understanding of real estate, especially distressed real estate. Doesn't it seem obvious that contractors should be steering the way to recovery in the days ahead? There are several reasons why, and here are a few:
Control: All contractors understand the importance of maintaining control on a jobsite. If they don't have control, things become inefficient. The same applies to real estate investing and rehabbing homes. The effectiveness of the operation is directly tied to the degree of control they exercise over the operation. Control equals cheaper and more efficient. And more money.
Knowledge: Contractors understand creation of value in a home. They understand what renovations will cost, how the renovations will affect the rest of the home, and how the renovation translates to value for a prospective buyer. Contractors have experiential knowledge in these areas, and this knowledge is power for real estate investing.
Business: When a contractor buys a home, he is buying a job. When he rehabs a home, he is working a job. When he sells a home, he is generating profit for his job. Real estate investing to a contractor is as natural as selling vitamins is to a chiropractor. It augments what he already does. Every contractor should be trying his hand in the lucrative and satisfying business of real estate investing.
As a contractor, you have many advantages unique to you for investing in real estate, but you MUST LEARN a few crucial secrets of the investing process. Are you ready to take part in the avalanche of money to be made in the current real estate market? Discover how you can buy and sell rehabbed homes with SKILLS YOU ALREADY POSSESS and make ten times the income you are making today! Go to the FlipAHouseForProfit website and see how to get started with The Contractor Investor. Plus, get a FREE download!
A house will never again just be a "job" to you. It will be YOUR BUSINESS.