Saturday, March 6, 2010

There are three kinds of real estate investors:

1. Sheep. They follow the pack. They buy when the market is high and strong, and pay way too much. They then sell when the market is low and weak and lick their wounds. (Oh, and they tell everyone "Real estate is a scam.") Because they are sheep, following the pack, the view in front of their noses is, well, not so great.

2. Clueless. These folks pretty much just dive in whenever the urge strikes them. Perhaps they're burned-out stockbrokers. Maybe they're refugees from some other money-making pursuit. At any rate, they're the people who mistake ANY action for smart action. They apply the "ready, fire, aim" approach. Hey, even a busted clock is right twice a day, so they may occasionally score. I also will give them points--not for brains--but for at least taking action, which is better than what most people do.

3. Contrarians. Are you old enough to remember the Maytag Repairman commercials on TV? Where the guy is by himself because the Maytag washing machines never broke? Contrarians are that rare. It's very uncomfortable being a contrarian, because you're buying property when everyone thinks you're crazy to buy while the market appears to be terrible. And you sell when everyone says you're stupid not to hold on longer for even more profit.

The consolation in being a contrarian is the money. You make a great deal more of it. Therefore it doesn't really hurt all that much, considering how your bank account is heaving under the weight of your real estate profits.

Why am I telling you all this? Because I'm having a great webinar on Wednesday night, September 23 at 9pm Eastern. I'll share fresh information about the parts of the real estate business that are booming right now. That's right--booming.

This isn't your typical call. Instead, I'll discuss how certain types of real estate are indeed thriving in this soft market.

Don't believe me? You say you think all real estate stinks as an investment right now? No offense, but your apple juice in the refrigerator must be fermenting, my friend. Or you've been watching too much news.

When you tune in on Wednesday night, September 23 at 9pm Eastern, you'll hear proof that certain types of real estate are stronger today than they were two years ago.

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