Let the games begin

I was reading Gary Keller's book the Millionaire Real Estate Investor last night.

What struck me is that the current speculators that are losing money in this housing market should have read the book first.

In Bradenton and Sarasota we have a lot of speculators. Here is why they are speculator. Investors take time to research the market and look for the best deal that will give them a good return over time, for instance a rental property that will provide a positive cash flow the day they take possession.

Speculators jump in with everyone else looking for a quick return and hoping the market continues to rise. There is always a price correction and speculators often catch the wave at the wrong time, think of the current housing market and the dot com craze.

Many of the speculators in real estate are the ones selling their homes at a loss right now. Many of the investors are the ones buying them knowing they will make money in the long run.

Which side of that equation would you like to be on?

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.779.5149