First time homebuyers are starting to come out of the woodwork at a very fast pace. I have done the research and marketing so you don't have to my friends. When you put the current mortgage rates, homebuyer tax credit, and aggressive prices together you get the perfect recipe for first time homebuyers. My agent, Star, is working about 12 hours a day to try to handle the demand for first time homebuyers calling her. It's crazy. Here is what I am doing right now. I am selling 4 of my houses in a small town as the renters move out. I had one go vacant that I bought 2 years ago for $35,000. I put $10,000 in it and have been renting it ever since. I have had an offer for $70,000. I have a similar scenerio on another house in the same town. The renters moved out a week ago and now I am going to put it up for sale. I paid $44,000 for it. I put $5000 in it and I am going to sell it for $73,000. I have 4 houses total that I am going to sell. I will make about $100,000 profit. I will lose about $900 a month in cashflow. What will I do with the profit? I will buy more real estate and repeat the process. I can turn $100,000 into $200,000 in about 4 months. This is a fun time to be in real estate. Don't listen to the news or your friends--go buy real estate really cheap and start making some money! Get it done!
You've got to find your obstacles and call them out! Unsheath the sword, and do battle with whatever it is that holds you back!