Dean Graziosi breaks down a Fortune article calling real estate the most attractive U.S. asset class right now. Arizona, Southern California, Nevada, and Miami are positioned for rebounds as new home building weakens and affordability improves. He's releasing info on private money lending within 10 days and rehabbed rental houses within 30 days.
Within the next 30 days (speaker says probably ~10 days but gives 30 days to be safe).
Chapters
Hey, this is Dean Graziosi and welcome to this week's blog. Hey, I was in the airport yesterday and Fortune magazine all over the place. The return of the real estate market, basically, after years of plummeting home prices, the market is showing signs of a turnaround. Just the kind of news that we're excited about. Doesn't mean it's screaming straight up, but it shows life. But hey, this was everywhere. And I think you should get this. You should get this for sure. But look what this says. Forget stocks, don't bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing. It's time to buy again. Now listen what this means when this comes out. This article, I went through it, as you can see, I highlighted some places in here, some of the highlights I had. Let me read this one. The lack of new home building is a huge help for a lot of people and a lot of people are ignoring. People think I'm crazy, but I'm optimistic because housing is looking like the little engine that could. So let's simply state and forcibly say housing is back. The new affordability will gradually lure Americans back to buying homes and the return of the homeowner will start raising prices in many markets this year. The credit standards just talks about how the bank, how the credit standards are the best they've ever been, except in the bubble. But compared to the last 40 years, the banking practices are easier now to get loans. All this means, guys, is it doesn't mean it's going to happen today, you're not going to go out tomorrow. Don't feel like you need to rush out today and buy something. But don't let the grass grow under your feet. I think that's an old phrase, something like that. This is the time to take action. This is the time to jump in. This is exciting times. I know you might be struggling to get in that first deal. I know things might be tight, things might be tough. Maybe you tried a couple wholesale deals and they're just not there yet. But I don't give up because, listen, when they say it turns, and this is just one magazine, but when it turns, it doesn't turn overnight. And tomorrow prices are going to be huge again. That means it's going to take years to slowly start ramping up. And it says in here, which I know and I share with you, the places that got hit the hardest, like Arizona, Southern California, Nevada, Florida, especially like Miami, those places got hit the hardest, but they're still warm, great places to live. And people are going to come back and prices are going to rebound. So if you can buy a, if you can wholesale and find great deals for the investors that are watching this, then you position yourself in the middle as a wholesaler. If you have the money and credit to buy, hold and rent and make positive cash flow and sell when the market turns, great, all these options are available. This is a really great time for you to be involved in real estate. I'm excited to be in it. I'm excited to be buying like crazy and I'm excited to share some of the great stuff. A quick update, some housekeeping. I know I promised private money lending and some deals to be offered to you guys a couple months ago. It took longer than we thought. But guess what, you're going to get an email probably within the next 10 days about private money lending. We're starting in a few states, already started in a few, but we're going to let everybody know what states we're starting and then we'll roll it out. And within the next, I'd say the next 30 days, probably more like 10 days, but I'm going to say 30 to be safe. Everything's taking longer. I'll have some houses for you guys. They're in the middle of rehab and getting rented right now. Great stuff. So I just want to give you that update. This is exciting stuff. This is an exciting time to want to be or be a real estate investor. Don't let anybody talk you out of your dreams. I'll see you next week.
