A 4 Step Formula For Creating Real Estate Riches
Dean Graziosi didn’t have a lot of mentors in his life, but even at a young age, whether it was luck or genetics, Dean Graziosi truly believed that whatever he wanted to do, he could do. He admits he has often thought that was silly, but perhaps that silliness - to believe that he could do anything - was what allowed him to be successful.
With his can do attitude, and the necessity of finding ways to make money, Dean turned his attention to finding ways to make money in real estate. With no knowledge and a lot of desire, he bought his first investment property, an apartment building. That deal worked so well, Graziosi started some creative real estate investing, and made one real estate investment after another after another, without using a dime of his own money, and started generating a small fortune at a young age.
Since 1999, through his seminars, workshops, and television appearances, Dean Graziosi has touched the lives of countless of people all over the country. He has incorporated all his proven techniques for total fulfillment into books that are easy to read and easy to use. Using clear language and vivid examples, Dean Graziosi shows how personal, financial, professional, and relationship success cannot be separated. Rather, they are one in the same, and are actually easy to achieve.
His book, “Be A Real Estate Millionaire: Secret Strategies for Lifetime Wealth Today” quickly became the fastest selling real estate investing book in the country and a NY Times Best seller. It is a simple, straight forward real estate investing guide for people who want to know how they can use the same strategies Dean has been using for over 20 years, and teaching to novice real estate investors all across the United States.
And yet, Dean Graziosi has a fairly simple formula, probably something you (1) never heard anything about, or (2) have never given much consideration to the opportunity...yet...it is helping those who use it make breathtaking profits, even if they have no experience with real estate. Picture the real estate cycle as a roller coaster ride. In the beginning, you gradually climb upwards. Then you reach the top. This is where you stop going up, but you haven't started to go down yet. Suddenly, you plummet downward—the higher you are, the faster you go down. Finally, the roller coaster levels off, only to go back up and then down again.
Keeping that in mind, let's do a quick review of the different real estate cycles:
Up Cycle: In an up cycle, the demand for houses is greater than the supply. You can tell if the real estate market is in an up-cycle by how fast (or slow) properties are selling. In a really hot market, homes can sell the same day they're listed. A great strategy in an up cycle is fixing and flipping. That's where you buy a house, fix it up, and then sell it later for greater profits as prices continue to climb.
Top Cycle: At the top or peak, supply is close or equal to the demand. Because of this, prices start stabilizing. Often, when properties start taking longer to sell that indicates a market is at the peak stage. A peak cycle can be a perfect time to find motivated or desperate sellers and get a great deal on property.
3. Down Cycle: During a down cycle, supply far outstrips demand. Prices can fall quickly, but more often than not, prices just stop increasing or fall slightly. A down cycle can last for years. A little-known fact is that during this cycle condition, you can often pick up unsold new construction units at "fire sale" prices.
4. Bottom Cycle: At the bottom of the cycle, supply is very close to demand. Prices stabilize and buyers start coming back into the market, starting the cycle all over again. Usually in this situation, prices have fallen as far as they are going to and will start to rise within a few years.
If a bottom market continues for years it can turn into a prolonged bottom stage (a rare, but 5th cycle). This usually happens in small towns or cities when a large factory or big employer goes belly-up. A smart strategy in this market condition is to purchase property with no money down (because you can get them so cheap) and make money by renting them out for positive cash flow.
Basically, it's not difficult to be extremely successful doing this. You just have to understand what cycle the market is in and then use the right strategy to make money. That's why...the purpose of Dean’s books and study programs is to teach you how to read market cycles with the precision of a Swiss watch and then, use the right strategy to make staggering profits.
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Dean Graziosi currently operates several successful ventures, and has properties from New York to Arizona. He has achieved great success in all areas of his life, using a variety of simple to teach techniques. He has also authored “Think a Little Different” a guide to building personal wealth through real estate.
