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Tuesday, 17 February, 2009 2:18 PM
How To Make Money in Real Estate
– In A Recession
Expert
Says Now Is The Time To Get In The Apartment Game
Photo
credit: www.multifamilymillionaire.com
"Multifamily
Millionaire: How To Get Wealthy Buying and Selling Apartment Buildings"
Pending
US home sales fell to the lowest level on record in 2008, according
to the National Association of Realtors. With home prices dropping,
and that market following Wall Street down the slippery slope, it
stands to figure that the apartment market is up. With so many displaced
former homeowners, they have to live somewhere. With educated apartment
building investors enjoying higher occupancy rates and reaping higher
rents, the only remaining question is ‘How do I cash in?’
Steve Steadele, author
of Multifamily Millionaire: How To Get Wealthy Buying and Selling
Apartment Buildings from New Wealth Publishing (www.stevesteadele.com),
can tell people how to get their share of a booming apartment market
the way the pros do. Not a scam, not a gimmick – simply a solid
market opportunity.
“What’s really
exciting about this is that novice investors can be just as successful
as seasoned pros,” Steadele said. “I own lots of properties
and was able to get into them easily, without a lot of cash. One
seller even paid me $20,000 to take his building. Today Sellers
want out of their rental property because they bought at the wrong
time in the wrong place. Some guru told them to mortgage their house
and buy an apartment building at the top of the cycle. Those same
Buyers are today’s Sellers. They lost a lot of money and in
some cases they lost the property. Many have other investments that
are tanking and they need to liquidate assets to stay afloat. It’s
unfortunate. Had they been properly educated, they could have avoided
this mess. Now their losses can be your gain.”
Most real estate investment
ideas are faced with a natural cynicism, primarily because there
are so many hucksters out there pitching their “secrets”
to buying and selling real estate without capital and without experience.
The old axiom of “buyer beware” usually accompanies these
programs, because many people ask the legitimate question of, “if
this was so easy, why isn’t everyone doing it?” Steadele
offers no such illusions when talking about the burgeoning apartment
market.
“The controversial
part about this is that most gurus talk about how easy it is to
do,” he said. “It’s not easy – but it’s
not prohibitively difficult, either.”
Like all high-priced
business deals, there is a strong component of research, planning
and sweat equity that goes into being successful, which answers
the cynic’s query. It’s not easy, but it is feasible.
The general clarion call
here is that apartments make sense. They’re one of the best
long-term investments a person can make. Steadele teaches people
when, where and how to buy apartment buildings so they can do what
they want, when they want.
About Steve Steadele
Steve Steadele is a successful
real estate investor, entrepreneur and self-made millionaire. He
specializes in the acquisition and disposition of investment real
estate throughout the United States. His wealth of knowledge, experience
and enthusiasm for the real estate industry will accelerate your
investment plan faster than you ever thought possible. Steve resides
in Seattle, Washington and is a real estate broker. His firm specializes
in representing buyers and sellers in the purchase and sale of commercial
real estate.
Source:
News and Experts
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