We all know about the bad housing market – how things really crashed in 2008 and how the market really hasn't recovered much since the. We might be living in a double-dip recession, for all we know, but the key here is not to be worried about the world at large.
Really? Not be worried about the world around you? That doesn't exactly sound like strong advice, does it? After all, many people are worried about the state of the economy and what it means for real estate in both the short and long-term future.
Well, you should think about these big-picture things, but when it comes to your real estate, sometimes it's best to simply…well, ignore them.
That's because what might be a bad housing market for everybody does not necessarily means it has to be a bad real estate market for you. It sounds crazy, but it's definitely true. Bad business overall does not mean that things have to slow down as far as your bank account is concerned. Why? Because there are plenty of ways to swing real estate deals. There's more than one way of getting deals done. There's more than one way for finding people who might be interested in the kind of real estate transactions that you're looking for.
This, of course, does not mean that you're free to do as you please – you have to adapt your skills in order to suit the market around you. But even if you're doing that, learning about tools you can use can be a great idea to really swing things in your favor.
For example, a "Subject To" agreement can be a great way to swing a business deal without the usual cast of characters involved. In a Subject To agreement, you essentially pay a low up-front fee to acquire a piece of property, thereby taking on the expenses of that property. Someone looking to ditch the property gets an easy way out and you get an easy way in. Without the usual real estate agents and loan officers getting in the way, it's a great way to pull off an old-fashioned deal without necessarily worrying about where the market as a whole might be.
Look – it's important to understand long-term thinking and why it's important. But fear in a market does not necessarily mean that low overall performance should mean low performance for you.
(c) Copyright 2010, All Rights Reserved
William Tingle – The Real Story – Does a Bad Housing Market Mean Less Real Estate Business?
By: William Tingle About the Author William Tingle is a real estate investor and educator currently residing in Belize, Central America. He hosts several websites including www.Sub2Deals.com, www.WilliamTingle.com and www.WilliamTingleTheRealStory.com (ArticlesBase SC #3279528) Article Source: http://www.articlesbase.com/ - William Tingle – The Real Story – Does a Bad Housing Market Mean Less Real Estate Business?