| Estate investing, Sellers now know many of
the methods that the gurus teach.
This is both a blessing and a curse.
To the talented investor, these knowledgeable
people are more likely to work to create a WIN-WIN
situation.
Investors that avoid the tricks and stick to the basic
real estate investment techniques and terms that
have been proven to work over and over again,
have proven these powerful real estate investment
strategies work even with these informed Sellers.
Oh, yes, many of these real estate investment
techniques work today, as they have for many
years. So much so that it is almost possible to say
they have become principles; things that work, over
and over, the same way no matter what happens -
like gravity.
However, sadly, they are not really principles, as
several of the real estate investment methods and
techniques that worked in the 1980s and even
through the 1990s are today not as powerful, nor do
they work as often as they did before (although
some 'gurus' are still teaching the same methods -
even after 20 years...).
Some of this decline is due to a more educated
society (due to the flood of real estate investment
information available via books, tapes, home-study
courses and the Internet), while some of it is due to
simple changes in policies and laws.
It seems like a wave started late in 2003, the FHA
announced that flips (transactions where investors
buy houses cheaply and sell them at or near market
rates) are "illegal". (Note that illegal in this context is
not a legal term, but one that has been adopted
from "you are not allowed to do that and do
business with us".)
The FHAs announcement started a wave of concern
(if not panic) throughout the Real Estate investing
community.
Title and Mortgage companies began to tighten up
their reigns. Many of |
