Real Estate business is often termed as REAL business. The
reason why it is called so is its special property to give opportunities to all
no matter whether they have or not any skill and education. To achieve in real estate you do not require any
special course, what you need is hard work, ambition and true mentor like Dean
Graziosi.
Not Far from today, just 20 years ago, there was a man
wandering to get a place for him. He was debited, he does not have any special
skill, neither he was artful to earn money with the help of black hat tricks. Today
after 20 years, he is a millionaire, with a lifestyle that many envy. He is
Dean Graziosi, the real estate magnet, author of bestselling books and a true
mentor for those who want to make their presence felt in the world of real
estate.
There are so many people who claim to teach you tricks and
tips of real estate. The big difference between these people and Dean Graziosi
is that they do not teach you the real tricks of real estate. We are not accusing
anyone to be a scam; the truth is that they teach you
ways of past decade. They teach you methods that no doubt worked a couple of
decades ago, but they are useless today.
On the other hand, Dean Graziosi claims that what he learned
in twenty years is so much beneficial to the novice that if they follow the
path rightly they can apply the tricks on any area and can generate if not
millions a lavish and luxury lifestyle for them and their family.
Why Novice Fail?
The business of real estate is not simple and straightforward.
However to understand this complicated business, it is very necessary that you
get guidance from a mentor. A mentor who is straight forward and true to his
words, who has made his life out of real estate and who is sincere enough to
teach all that he have learned in his life.
There are a few reasons why novice fails in the real estate
world.
- They rely on bogus real estate programs worth millions of dollars.
- They rely on programs that would have worked two decades ago but are useless today.
- They rely too much on programs and other such things, which are nothing more than just fancy talking.
- After one or two failed deals they lose their hope.
- They do not try new and innovative methods.
- They never pay heed to opportunities.
- They expect sudden rise in their income, when they see that actually, the process is going slowly but steadily they lose hope.
Different Real Estate
Cycles:
To understand business of real estate it is necessary to
understand different cycles through which real estate has to pass.
Up Cycle:
Up cycle is when there is greater demand of houses than
there is supply. Any deal coming on the foreclosure or on any website sales
immediately. An Indicator that the real estate business is
experiencing an up-cycle is the time when the properties sell and purchase
happens immediately. Fixing and flipping is the best strategy to opt during
this cycle. The process of fixing and flipping is defined as purchasing a house
when the real estate cycle is up, then keeping it for the time when market
prices go up. Sell the house with greater profits.
Top Cycle:
During the top cycle, supply is equal to demand. Prizes are
stable. Due to this phenomenon, properties get longer to sell. This is time to
get the advantage. This situation is termed as peak cycle and is ideal
situation to make some value generating deals by selling your property to the
desperate buyer.
Down Cycle:
During this cycle, supply is greater than the demand. Many
novices leave the business of real estate while passing through this phase. The
irony is that this cycle sometimes last for years. During this cycle, you can
cope with the situation by purchasing unsold new constructions on fire sale
prices.
Bottom Cycle:
During this cycle, buyers slowly start coming to the market.
The market is usually stable. Prices are expected to go up in a few years. Demand
and supply is almost equal. If this cycle continues for years, it is termed as
prolonged bottom stage.
The purpose of the Dean Graziosi is to teach people how
to read these cycles and use them in their favor. If you want to become
successful in real estate, do not forget to read
Dean's books and join his programs.
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