"The best time to plant a tree is 20 years ago, the second best time is NOW"
Looking back at 40 plus years of my adult life and thinking of all the opportunities that have past me by all because I hesitated to "plant a tree" when the time was right, because of fear of the unknown results. In other words, my hesitation cost me opportunities to better myself.
We live in an ever changing world and if you take a look back about 10 years (or even 20), you'll see what I mean. We live in a country that has opportunities all around us, but sometimes we miss the forest looking for the trees. We keep looking for the get rich quick plan, which doesn't really exist. The get rich at a reasonable and projected growth plan does exist, that's why, had you planted your tree 20 years ago and nurtured it properly with good morals, hard work and diligence, it would already be providing an abundance of fruit.
Opportunity is always around, to say the least! Another saying saying is "One Man's Poison is Another Man's Bread". When we were attacked on 9-11 the stock market dropped to an all time low out of fear and confusion. Within a few days, investors were out planting trees in security, airline stocks and more. Needless to say, the smart money that was planted seventeen years ago, has produced quite a bit of fruit for investors today.
The Real Estate Market left some deep scars from 2008. A lot of people lost their homes and fortunes because of banks and lending institutions, over extending loans to people who couldn't repay them. Investors who were able to stay fluid with cash, came out the winners, buying pre-foreclosures, Short sales and Bank Owned Properties, better know as REO's . Unlike the stock market of 9-11, the short sale and REO markets are still offering discounted properties from people who either walked out and dropped off the keys to those who were evicted by the foreclosure process.
We are currently in a real estate market where inventory is low and interest rates are starting to creep upwards. The biggest problem for home buyers is the ability to qualify under the new bank lending rules. Not good for a lot of home buyers that had credit issues from past and current debits (the Poison), but great for real estate investors and Private buyers (who maintained some cash and good credit) who are looking for rental properties to add to their portfolio.
Today, the rental market (the Bread) is still flush with renters and in need of fresh inventory to satisfy the amount of tenants still reeling from the housing downturn, hurricane Sandy and other misfortunes, looking for a good home to start getting their lives back on track.
So, if you see the opportunity to "Plant a Tree" in the real estate market, down the road the tree may just be able to provide some tasty fruit (maybe sooner than 20 years).
Leave a comment or send me an email, I'd love to hear your thoughts. - Dom.
We live in an ever changing world and if you take a look back about 10 years (or even 20), you'll see what I mean. We live in a country that has opportunities all around us, but sometimes we miss the forest looking for the trees. We keep looking for the get rich quick plan, which doesn't really exist. The get rich at a reasonable and projected growth plan does exist, that's why, had you planted your tree 20 years ago and nurtured it properly with good morals, hard work and diligence, it would already be providing an abundance of fruit.
Opportunity is always around, to say the least! Another saying saying is "One Man's Poison is Another Man's Bread". When we were attacked on 9-11 the stock market dropped to an all time low out of fear and confusion. Within a few days, investors were out planting trees in security, airline stocks and more. Needless to say, the smart money that was planted seventeen years ago, has produced quite a bit of fruit for investors today.
The Real Estate Market left some deep scars from 2008. A lot of people lost their homes and fortunes because of banks and lending institutions, over extending loans to people who couldn't repay them. Investors who were able to stay fluid with cash, came out the winners, buying pre-foreclosures, Short sales and Bank Owned Properties, better know as REO's . Unlike the stock market of 9-11, the short sale and REO markets are still offering discounted properties from people who either walked out and dropped off the keys to those who were evicted by the foreclosure process.
We are currently in a real estate market where inventory is low and interest rates are starting to creep upwards. The biggest problem for home buyers is the ability to qualify under the new bank lending rules. Not good for a lot of home buyers that had credit issues from past and current debits (the Poison), but great for real estate investors and Private buyers (who maintained some cash and good credit) who are looking for rental properties to add to their portfolio.
Today, the rental market (the Bread) is still flush with renters and in need of fresh inventory to satisfy the amount of tenants still reeling from the housing downturn, hurricane Sandy and other misfortunes, looking for a good home to start getting their lives back on track.
So, if you see the opportunity to "Plant a Tree" in the real estate market, down the road the tree may just be able to provide some tasty fruit (maybe sooner than 20 years).
Leave a comment or send me an email, I'd love to hear your thoughts. - Dom.
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