Real Estate Investing Predictions for 2008
Written on January 10, 2008 by Peter- REBB Founder
Here’s another breaking news for you. This time, the news is coming from one of our own.
This time, the news is coming from a real estate investor. A real estate investor that has been at it for 22 years. A real estate investor that not only has been unbelievably successful in real estate, been on almost every TV station, but is completing a $29 million project in this rough real estate market.
Yes, a $29 million. He knows real estate and he knows it well.
So, who is this guy? What is he talking about?
They call him “The Maverick Daredevil Real Estate Artist” and his name is Frank McKinney.
I am subscribed to his mailing list. He doesn’t send email often but when he does, people listen. I just received an email from him and I had to share it with you.
This email is eye opening…
It’s riveting…
and it’s kind of controversial.
But Frank is right. I think that his predictions for the coming year are pretty accurate. I urge you to go over to his blog and read his post. Make sure you pay attention becausehe tells it how it is. He has experienced this type of real estate market 3 times already. He has been there and done that.
He is one of those people that real estate investors should listen to, not the media. Media is good for statistics, that’s why I made that post couple of days ago. Experienced real estate investors such as Frank Mckinney are the people we should listen to.
So, head over there and read his blog. It’s that important…
http://www.frank-mckinney.com/blog.asp?article=60
After you read his blog, come back here and leave your thoughts in the comments area. It will benefit all of us.
To your success,
Peter
P.S.
Watch out for another post from me coming in couple of days. In that post, I’ll tell you how you can get ready for this opportunity.
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Although I’m a novice, he’s right about the investor approach: look at the situation and solve it with one or more r.e. investing “tools”–not as a specific type of investor using a cookie-cutter approach.
Not much new there. Basic knowledge anyone in any commodity biz should know. Poitical and terrorist aims can mess up any prediction, so as always, don’t get too greedy, overleveraged, or bet anything you can’t afford to lose. Karma…karma…karma…along with that location thing!
Good information… one must view the cup half full, and go beyond the thinking of an average person. Many peopole fail because they cannot see the horizon beyond the clouds. I believe opportunity is knocking at the door for real estate investors.
Frank McKinney is the quintessential real estate entrepreneur and visionary. Having read “Make it Big” and “Maverick Approach” (re-reading this year)which I recommend….he revolutionizes the investor approach with his monumental ideas and strategies. He has great insight into the trends and cycles that we can all learn from and approach this great business with grandiose, fervor and optimism that Frank envisions.
As a novice to hear these words from a revered Real Estate Investory himself is inspiring.
To create my own reality and not let the media dictate to me. The market has been transitioning through highs and low since the beginning of time.
He reminds us that in the low market is were creativity is birth and money is made. The pendulum always swings too far in one direction, then corrects back too far in the other. Yet in the mist of the swing the American dream always remain.
@Steve Turley -
You are right Steve. Frank is a Maverick. The stuff he does blows my mind. Most of the time, he goes against the conventional investing mindset and wins every time.
Peter