Foreclosure

It's anyone's guess when the bottom has arrived on a national level, until everyone can actually see it. When that happens, as one can imagine, those great deals dry up.

What we don't try and do is actually predict the bottom, because the bottom is pretty irrelevant when you are getting steals on already slashed prices. By doing so, you are insulating yourself from further losses in the market, if your area is still on the downtrend where foreclosures are most prevalent. If it's not dropping, then you are simply pulling that more profit from the deal.

Unless you've been purposely tuning yourself out from all the bad news with financial markets, odds you know it is now threatening the entire stock market and economy. There is a bailout plan on the table, which still doesn't have any guarantees as a "fix all".

If you've read previous articles that I discussed the correlations between general investment markets and Real Estate Investing you know two things:

1. The smart money (the ones with super deep pockets) are usually on the right side of the market, when everyone else is head faked on the losing side.

2. The most notable stock market investors ever, including Warren Buffet himself, made their fortunes with a rather simplistic investment methodology - buying assets at 50 cents on dollar (or less) of their intrinsic value, regardless of if the market as whole was bleak or positive.

As many of you know, the Senate passed their version of the Home Loan Aid Bill, a $300 billion mortgage bailout on Friday. This doesn't actually mean anything just yet, even in pure perception, because it still has to be merged with a House version, and finally signed by the President, who has said he will veto it in no uncertain terms.

Notably, this comes on the same day Feds seized control of IndyMac, a bank with $32 billion in assets, due to bad lending practices leading to it's demise.

I was looking at some different data today (attached to this post), and it's showing some interesting numbers that might suggest we're near or already hit the bottom. The big question is... why?

Lending is tight, the economy isn't so great... so why are we here, if we are? Has it hit that magic price floor, or are people buying?

If the market is turning, why isn't the media all over it (somewhat of a loaded question if you've read my posts about the media usually being a couple months behind the curve when it comes to any financial market)?

Since many people wanted to know how to apply the concepts Dean Graziosi teaches in his books in real world real estate situations, Dean went out filmed a new series to show everyone how he used creative thinking to make the very deals happen that led him to wealth. We will continue to post a new deal each month for the extent of the series.

Unlike many other so called real estate investment “pros” or “gurus” selling books or courses, Dean is actually a real estate investor, is still a active investor, and made his money in real estate, not from selling books about it.