PLAN FOR RETIREMENT – STARTING NOW
Besides more monthly income, real estate investors who subscribe to my investment strategies, buying the kind of income properties that produce cash flow every month - now comes the best news of all. Nationally, home construction and apartment building has slowed to 790,000 units, down from an average of 2 million units. This is a record setting low dating back more than 50 years since they began keeping track!
You might be asking yourself — What’s this got to do with me? Nothing if you don’t own rental houses – but if you do, like most of my subscribers, then your stock just went up “sky high” because your houses are turning to pure gold. It’s like the old saying goes — They ain’t making ‘em any more, they’re a lot more scarce, which of course, bumps up the value.
The record low construction pace is only a tiny part of the rental housing crisis however, because the lion’s share of new units are custom homes not affordable to the majority of renters. Once again, the landlords who own affordable rental properties are gonna prosper big time – but there’s also a tremendous opportunity brewing if you don’t yet own properties!
It’s also a very unique opportunity! First, the economy is down, lending is in the dumper, the big bubble - or the “American Dream Home” has burst wide open at the seams! The real estate market has never seen worse times in at least 20 years or so. And yet, Don, Beth, Silva and Dan, all my students, will tell you flat out, they’re prospering! Times have never been better when you ask them! Are they all smokin’ funny cigarettes, or what?
The truth is, they never bought “bubble houses” so there’s nothing to burst! They don’t finance their properties with regular bank mortgages, so FICO scores and lending policies are of no consequence. Over the years, 84% of all my investment property financing has been from the sellers who sold me their properties. If I were just starting out today during this current economic meltdown - with no commercial loans even available, I’m certain that all my mortgages would be 100% seller financing!
What’s different about Don, Beth, Silva, Dan and myself is that we only invest in houses that pay us more money every month than we spend on them. In plain old fashion terms; that’s called cash flow – a term that somehow escaped in the planning for many bankrupt house investors. One strategy, or one sentence to be more exact, that I’ve always stressed at my seminars — Buy only the kind of properties that the largest percentage of renters in your area can afford to rent from you. -It will make you rich!
I’ve always felt that my investments should pay for a better) life! I’ve also believed that my houses would always provide me with financial shelter no matter what happens to the rest of the economy. So far I’ve not been disappointed! I’ve got the best retirement plan money can buy!
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