| The other day I went to an Investing Club in Hawaii | | | | this opinion. Currently, with the sub prime bust, real |
| where I reside. The speaker that night began talking | | | | estate prices are diminishing and it has certainly |
| about a wide variety of investing opportunities, | | | | become a buyer's market. If you understand what |
| including the stock market, mutual funds, gold, bonds, | | | | you're doing, the best time to buy is when properties |
| and so on. But I was surprised by the one topic that | | | | are selling low. That's when you can take advantage |
| he did not bring up: which was real estate. | | | | of the best deals. Foreclosures have also doubled |
| I had to admit, the majority of the investing ideas | | | | over the last year and you can find many of these |
| that he was covering were to me little more than a | | | | properties priced way under their true value. |
| crap shoot. The money in your investment could go | | | | When people buy more than they can afford, and |
| up and you may make money. But just as easily, the | | | | then are forced out of their homes through |
| market could go down and you would lose your | | | | foreclosures, where will they go? The vast majority |
| money. | | | | will end up in a rental. How does that affect the price |
| That's why I suggested to him the subject of real | | | | of rentals, even in a bad market? It drives them up. |
| estate investing. The speaker (who is a licensed | | | | The more urgent the need becomes, the greater |
| investment broker) said he really didn't know too | | | | rents will go. That's why it is definitely a great time |
| much about real estate. Although he "liked" real | | | | to be a landlord. The demand for rentals will continue |
| estate, he didn't personally invest in it too much. But | | | | to go up. |
| then he said, "But right now is not the time to invest | | | | Some real estate is certainly going down in price, but |
| in real estate." He shared that one or two investor | | | | you can be sure that its value will start climbing again |
| gurus he listened to with reverential awe said that it's | | | | once the market settles out. Overall the real estate |
| not a good idea to be "in real estate right now." | | | | market is the best place to invest. And our |
| Because I have done so consistently well with my | | | | experience over the last 35 years has proven this. |
| real estate investments over the years, I challenged | | | | |