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Buy right, buy now, and become rich



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By : Patrick Esposito    99 or more times read
As history has proven time and time again, when the real estate market goes up, eventually, the real estate market will come down. When the real estate market is down, eventually, it will go up. Most people wait until it goes up before they start to buy. They feel more comfortable when they see other people buying. It reinforces their decision that this is a correct business decision. Most people make their buying decision this way. Remember the 80/20 rule. Twenty percent of the people make 80 percent of the money in any given business. In real estate, that 20% of the people will be making the lion’s share of the money. Twenty percent of the real estate investors are the die hard, true real estate investors who will buy at or near the bottom of the real estate market. They know that the value will go up; it is just a matter of when. They know to buy now and lock in guaranteed profits when the market does rebound.

They say you should not play with scared money. The reason most people are hesitant to make that decision to buy now is fear, due to lack of knowledge. A confused mind will say no. That is why it is important to keep abreast of the local real estate market, so when a good deal does present itself, you will have the confidence and proper knowledge to make an informed decision.

Now is a great time to buy real estate. Now is a great time to prepare to buy real estate. We will probably be at the bottom of the market for a while, although within the year we may start to see some action in some locations. Prepare now by learning about your area. Learn how to buy right, learn how to negotiate, learn how to repair a property to reach its potential profit.

Real estate is an exciting business to be in, and the more money that is made, the more exciting it can be. The destination is fine, but the journey is what creates memories. The ultimate profits will be there, but for now, enjoy the ride. Learn about real estate as much as you can. Make it your objective to become an informed real estate investor. When you are an informed investor, you will feel confident making the right decisions. You certainly could buy good deals in a year or two from now, but you can also buy great deals right now. Now is the time to find motivated sellers, whether it is the bank, or Mr. Jones down the block. This is also a great time to buy because the 80% of the people that we spoke of earlier are not buying now for whatever reason and haven chosen to wait. That is one of the reasons the prices are where they are. Once 80% of the people start to make some moves, prices will rise, and the great deals will turn into good deals.

Start now to gain knowledge. Learn about market values. Learn about negotiating techniques. Learn about inexpensive ways of repairing a property. Build your foundation now, consisting of knowledge, information, and a desire to become as rich as you plan to be. And remember to always be an informed real estate investor.
Pat Esposito has been involved in real estate for 28 years as an investor, trainer, and consultant. He is the author of The best Investment You Can Make, and The Informed Real Estate Investor and is the founder of www.TheInformedRealEstateInvestor.com

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