Perhaps Mr. Warren Buffett said it best when he said “Be fearful when others are greedy. Be greedy when others are fearful.” We could even look to Mr. Shelby Collum Davis for some insight when he said, “You make most of your money in a bear market, you just don’t realize it at the time.”
Many legendary investment strategists are excellent at working through trying times like we are now facing in our country. Call me an optimist, blind, a fool, or anything for that matter, and no matter what you might think of my visions, I believe that we live in the greatest country the world has ever seen and that we will come out on the other end very prosperous as we have time and time again.
There are many opportunities to come out of the recession very well! As of this writing, there are 809 homes and 2,308 tracts of land available for sale and some of them are just that – they are really on sale. Now is the time when you can buy a rental property and actually come out ahead. There are tracts of land where you can buy them and just sit on them like you would a CD, stock, or bond – the only difference is its real. You can have a garden, go check on it, and its still there. Land has a remarkable historical track record of appreciation and its something you can use and enjoy in the mean time.
Take the time to go on our website at www.MyMurphy.com and shop what’s available out there. Look for land, look for houses, and really shop. If you have money to invest and you want to find out what’s a “real buy,” call or email and let us take the time do to the research for you and send you a few proposals. There are some great choices out there and if you have cash and/or great credit, you can really leverage yourself in negotiations and save even more.
Now is absolutely not the time to run scared. Now is the time to be aggressive. If you have cash to invest, and many of you do, why aren’t you investing it? You can buy an investment property while folks are practically giving things away. Everyone around us is scared, and if you follow Mr. Buffett, who obviously has done very well for himself, now is the time to be greedy. Now is the time to buy. Whose advice would you rather take – Mr. Buffett or your broke brother-in-law?
Written by John Poltrock for The Cherokee Scout, Murphy NC’s primary newspaper (to be published in the March 4, 2009 edition) – Call Toll Free 877-837-3002 – JohnPoltrock@gmail.com – The POLTROCK TEAM – Murphy’s #1 Real Estate Team