Most people are crying when they ought to be buying, and buying when they out to be crying. Donald Trump was on MSNBC this week in a show called The Billionaire Inside You. He talked about the real estate market as a great investment and how in the ’80s it was so bad in NYC that some of his friends went bankrupt and others lost lots of money, but somehow, although he was bleeding, he managed to hold on. He bought a building in Manhattan then for $1M which today is worth $655M.
Not everyone can be as lucky, however. It is an unfortunate fact that poorly timed real estate investments can lead to bankruptcy. Of course, no one likes to think too much about the possibility of going into debt, and therefore if you want to protect your finances, it is vital that you do as much research as possible before making any significant investments using your savings. That being said, it is important to remember that support is out there for people that have been left with money worries as a result of real estate investments.
For example, debt relief strategies have come a long way in recent years, and it is now much easier to pay off any outstanding debts without spiraling into bankruptcy. You can learn more about these debt relief strategies by taking a look at this useful guide to debt settlement vs bankruptcy.
Additionally, Donald Trump has also said the next six months are critical; the real estate market may go down more, however, we are almost out of it. Take a tip from The Donald. If you are thinking of buying BEGIN negotiations now. He advised that indeed people are discouraged by the news, but this is the time to buy if they can overcome the news, and soar for the deals. Give me a call at 850-227-7891 or shoot me an e-mail to [email protected] for the latest info on real estate investment opportunities.