Here’s what you need to know about making money in real estate.
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Why don’t most people ever get rich? They want to buy everything when it's super hot but get scared when prices come down. They make decisions based on emotion; this happens with all types of investing.
For example, let's look at housing right now. While many Americans are waiting for the housing market to crash, the smart money knows that the data shows a real estate crash isn't coming. They know it's just a normal pullback.
Two of the largest investment banks in the country are gearing up to buy more real estate. These funds are about 5% away from starting to buy homes again. This means that when prices fall a little, you will see these large institutional investors come in and buy even more property. This will reduce the supply of homes available to regular homebuyers.
If you have questions about this topic or anything else, please call or email me. I am always willing to help!