It’s not mine. I’m choosing not to participate in this recession and I suggest you do the same. Why? Well, the people that are participating in the recession are having a tough time. They’re losing their jobs, unable to find other jobs, seeing their income drop, and are just all in all in a depressed mood. That doesn’t sound like a good time!

I don’t have a choice in this recession!

Everyone has a choice in what they do each day. There are those of us that thrive and are successful during down times and there are those that flounder and are depressed in down times. It all starts with your mindset and your outlook. I just met with Terry Bean of Magnetic University at one of his classes yesterday and he was talking about this exact subject. It’s all about our subconscious mind and how we influence it with our conscious mind and visualization. Now I’m not the expert to be telling you all about that but the quick summary is that we all have a choice on our outlook.

A better outlook is great but how does equal more dollars in my pocket?

It’s all about seeing the opportunity or seeing a problem. Those of us that choose to see the opportunity in challenging times are those of us that will do business and will buck the recession trend. I wrote a good blog about Seizing Opportunities in Times of “Crisis” yesterday that explains this well.

I’m with you so far but what are the opportunities?

Well, you’ve come to my site on real estate so I’m going to assume that you’re interested in it. I see real estate as the biggest opportunity that someone can currently take advantage of. Prices have been pushed down so low because of a lack of credit, lack of demand because of our economy, and just general fear in everyone. When people are afraid they usually don’t act. When investors push through the fear and take a conservative look at the numbers on real estate, the opportunity is hard to deny. This is a time of conservative investing and long term investing in real estate. Buying houses and renting them out is how true wealth was built and is built.

Where do I get the money to invest in real estate?

There are many places you can look for investment capital from private sources. One of the most exciting sources that we have been working with many investors on is investing in real estate from their 401k or IRA utilizing a Self-Directed IRA with Equity Trust Company. We help our clients get their funds moved over where they can use the capital for an investment in most anything, including real estate. Talk about rocket fuel for your IRA!

The biggest piece of advice that I can give you is to take action to take yourself out of this recession. Too many people button down the hatches and try to wait out a recession out of fear. What they don’t realize is that real estate and business continue and that all of the great opportunities have passed them by.

Successfully Yours,
Jared Pomranky
Detroit Market Expert

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