September 16, 2020

How to Thrive As an Investor in a Poor Real Estate Market

If there is anything you can count on in real estate investing, is that the market is always evolving. Essentially, it’s just like the weather. If you don’t like the way things are, stick around – they’re guaranteed to change. And, just like the weather, no matter bad things are, there is a vehicle to help you navigate the harsh winds, hard rains, and high tides.

The truth is, for any investor, every rise and fall in the market presents an investment opportunity. The same rules of investment apply in a bad market the same as they do in a good market. You just have to know where to look for the deals and negotiate the price with the property owner. Below we look at some ways you can thrive as an investor in a poor real estate market.

1. Follow the Trends, Find the Opportunities

As an investor, you need to keep up with real estate market trends. You’re not necessarily looking for trends to adjust your real estate investment strategy. Instead, you’re following trends to look for new opportunities. For instance, the 2020 coronavirus has drastically affected the real estate market. How?

  • Fewer buyers are looking for houses.
  • Fewer sellers are listing houses.
  • In-person home showings are almost non-existent.
  • A massive wave of foreclosures is on the horizon.
  • Mortgage rates are lower.

On the surface, this seems like a doomsday scenarios for home sellers, home buyers, brokers, real estate agents, contractors, and everyone else in the industry. As an investor, however, you can find opportunity by look for motivated sellers. These are people who are desperate to sell their house, but are hesitant to list it on the market.

You may also find motivated sellers whose properties have been on the market for several months. Now is the time to seize your opportunity to make an offer to a motivated seller who wants to unload some property. With the right strategy, you can probably get them to lower their asking price to fit within your margins.

2. Move Forward, Don’t Retreat

The best real estate investors understand that the most important thing to control during a real estate market recession is their emotions. The investor who can see past the imminent threats in the market and not allow their fear to govern their decision will typically sail right through economic downturn.

The truth is, there is a rarely a perfect real estate deal scenario out there. Even when the market is strong and opportunities abound, most of them are riddled with one obstacle after another. For the seasoned investor, a recession is just another in a long line of challenges. Nothing new here. Therefore, if you are going to start a real estate investment business, you need to learn to think critically and avoid making emotional decisions.

3. Get the Right Real Estate Investment Training

One of the most common reasons why people fail in real estate investment is that they receive the wrong training. As the saying goes, “There is no such thing as a bad student…only a bad teacher.” If you are just getting started in real estate investing, you want to practice due diligence and look for mentors, gurus, and training courses that provide the right information.

Consider these factors when looking for real estate education or training:

  • It doesn’t cost thousands of dollars – don’t waste your money.
  • You probably won’t find it on YouTube or podcasts.
  • Find information that helps you develop a consistent strategy.
  • Avoid the idea of the month programs.
  • Look for a simple plan that you can easily implement from the start.

With the right real estate investment training, you will have the tools you need to create a solid foundation for your business.

4. Don’t Get in Over Your Head

One of the best things about real estate investing is that you can do it part-time, full-time, or some time. If you are currently working, the last thing you need to do is suddenly quit your job and go full-time into real estate investing during a bad economy. This can kill your motivation, stress you out, and potentially put you in a bleak financial situation.

If the economy is currently in decline, you need to hold on to your job to create stability in your home while you are working on your real estate investment business part-time. Like any other business, real estate investment takes time, strategy, and management. So, be patient and don’t get in over your head.

You Can Be Successful in Real Estate Investing

Through our real estate training system, you can make your first $100,000 part-time in real estate regardless of your current circumstances. You simply need the ability to follow our proven system and use the resources and tools available. How can you get started?

Subscribe to our YouTube channel and follow us on all of our social media platforms. We’ll be posting free content online regularly. You can learn valuable ideas on how to execute your business plan so that you achieve real results in real estate investing.

We’ll be posting free blog videos, free articles, and free podcasts that will get you on the right track to success in a consistent, sustainable real estate business.

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