With all the craziness in the financial markets! You might think I have some opinions about what’s happening — and I do.

It has been a CRAZY year in the U.S. Financial Markets

*Stock Market Dropped 777.68 Points
(Biggest One-Day Drop In U.S. History)

*Gas Prices Reach Record Levels

*Major Lay-Offs & Jobs Lost

*Foreclosures Are Up 112% From Last Year

*Banks Are Failing

*Markets Worldwide Also Feeling The Hurt

I’ve been hearing from my students that they’re worried about “the economy”. Some investors are even out of business.

When I hear this, I’m not surprised. Some even think a recession is coming, if its not here already. That’s all we hear about right now in the news.

The good news is that there are always great opportunities even during economic crisis.

My attitude is –

Bad Economy Or Not – My Cash Still Flows!

While others are running scared, worried and confused, I’m making the most out of the economic turmoil and seizing unreal opportunities in real estate TODAY!

I just wanted to write a quick little email with some bullet points on what your plan of action should be for your real estate business in these times.

First things first –

We DON’T invest in markets, we invest in GOOD DEALS!

And NOW, TODAY, is the best time to take advantage of some great deals on the market. I was just telling Dolmar the other day that the prices we’re picking up houses for today are the prices I was paying for them back in 2001.

So what is the plan?

1. Find and contract properties around 30-50 cents on the dollar. Write up an option (risk-free) contract. Match the properties with buyers for a fee. I teach my students to flip 2, hold 1, and then repeat that process again. The properties you flip quickly put some cash in your pocket.

2. After you are able to get some cash in the bank, start buying as much as you can and holding on to some of the same cheap deals you have been assigning. You can also use private or hard money lenders to finance your deals, but you’re still going to need some cash for down payment. Most private lenders today want you (the investor) to have some risk in the deal as well. Gone are the days when they only cared about the equity in the house. L If you are liquid enough, I would recommend using your own cash to avoid getting the easy money, hard terms that hard money loans will get you. Start out with only acquiring houses that need minimal work.

3. After acquiring some good deals, if you bought them right and cheap, you should be able to rent them out for a positive cash flow. When the market rebounds and property values rise again, you can dump them all on the market for top dollar and make a killing.

I just partnered with a huge investment fund and this is exactly what I will be doing in addition to some other things of course.

So I just gave you my action plan on how I am going to take advantage of this depressed real estate market. I recommend you do the same.

There will be A LOT of millionaires that are made out of this market. Will you be one of them? Be proactive – Stop talking about it – Take action!

Ok, I know what you’re thinking. This all sounds good, BUT –

I can’t find any buyers.

Well, I’ll share one strategy I use to get buyers. It works all the time. There are still many buyers out there in the marketplace; you’re just not looking in the right places. One of the best places to get buyers is (I should be charging for this) THE COURT HOUSE. Find out what days the court house in your area holds their auctions. Go to the foreclosure auctions and network with the people there. When you buy a house at the auction, you have to pay with cash and come up with the money within days.

Buying properties below market price at auction can pay off handsomely and provide high capital gain – this is where the buyers that are still buying today hang out.

*Network
*Introduce yourself - Let them know what you do
*Exchange contact info

That was Kenny Rushings’ little nugget for the day. I hope this helped. Hope you enjoy your weekend. I sure will – finally get to spend some time with the family after all the traveling I’ve been doing lately.

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