The most popular and perhaps the best way possible to make a fortune is by investing in real estate. The ridiculously rich are doing it everywhere, which triggered the desire of the masses to “try” and follow in their footsteps. You may be thinking of putting up the most beautiful and affordable apartment you could possibly imagine, but building it in an area with too many of its kind wouldn’t count for horse crap. People won’t “buy your stuff” if they don’t have any need for it whatsoever. Maybe you might make SOME money, but not as much as it would be if you were to place it someplace else.
You see, real estate investors have the tendency to fail because their placing their projects where no market exists, or there isn’t any left for them to cater to. The secret that the rich investors have been doing, which got them to where they are now, lies in the timing of launching such projects. It’s what the people with cash running down their noses know, and it’s what draws the line between making it big, or winding up a bankrupt bum. Here’s what you should be doing: research. Here you need to be keeping an eye out for certain “events” – these are the things that’ll give you the go signal for putting your plans into action, and it’s what TRUE investing in real estate should be about.
What you need to be looking out for are the events that cause the sudden burst for demand of real estate projects in this particular market. An example of such would be the opening of tons of jobs in a certain area. Individuals will be working there, and they’ll probably come from different places everywhere. So what they need is a place to stay, like an apartment or a house – this is the perfect time for you to make reality that fancy apartment that you’ve thinking about. The soon-to-be employees will probably be taking their families with them (naturally), and you’ll be the guy providing them with roofs over their heads.
Houses or places for rent aren’t the only things they’ll be needing, but a convenience store or a mall to provide them with all their daily needs as well. The guy that delivers all the goods can be you – you can also be the guy making a killing while “helping” them out. The opening of a theme park can also make a spike in the real estate market, as it does have the tendency to attract thousands of people wanting to be near it. What you want done is to “build” around these triggers, that you have something to gain from the market that it attracts.
You’re definitely not in direct competition with those guys, since you’re selling their market something different (win-win situation). Now all of it may take time before it comes into play, that’s why it’s important that you be patient. By taking your time, analyzing, and waiting for the right time to act, you’ll be sure to make a fortune. Investing in real estate isn’t a get rich quick scheme, but a get rich sure one.
The author of this article Rick Goldfeller is an underground Financial Analyst who has been successfully running campaigns for several wealthy clients. Rick finally decided to go public and share his knowledge and experience through his website finanzine.com. You can sign up for his free newsletter and join his coaching program.