This has been on my mind more and more lately as I see and hear people who are doom and gloom about the economy. It always starts with, “Well, with this economy, who knows right?” I terminate this kind of conversation as quickly as possible for several reasons.

First, your mind doesn’t need negative energy being constantly fed to it. Now I’m not saying you don’t acknowledge bad things. What I’m saying is you acknowledge facts, not feelings. Very few people have been effected by this current job market and economic condition but every body talks like they are going to lose everything tomorrow. The reason is because people feel like the times are bad so they perceive that they are. Your perception shapes your reality. Be careful what you feed your mind.

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2008 is already turning out to be a great year for real estate investors. With prices this low, in great neighborhoods, and rents going up across the board, this is really a no brainer. For those of you sitting on the sidelines wondering what to do, easy answer for you, BUY! The deals we are seeing are once in a lifetime prices. I doubt if we will ever see these prices again. Everybody talks about being in the right place at the right time, well, this is it. Buy single family houses in Detroit at prices that are so low it is ridiculous. I was having a conversation with my partner Jared and I was laughing at what we were saying. We were commenting on how cheap things were getting and how great the deals were getting. Six months ago, you had to buy junkers to get the deals. Now you can buy light rehabs for the same prices. Amazing isn’t it. If you don’t believe me, check out our current deals for proof. Bottom line here is get off of the side lines and get in on the action.

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