Buy Low & Sell High

How many times have you seen these words when it comes to investing? How many times have you followed this advice? It takes courage to buy when everyone else is selling. I recently came upon the following story by Robert Kiyosaki (author of “Rich Dad, Poor Dad” and many others): In 1989 Kiyosaki and his wife set a goal of buying two rental houses per year for ten years. They were buying real estate in Phoenix at a time when the housing market was crashing. They found so many bargains that they bought five homes in their first year. Five years later, the housing market recovered and these homes formed the base for Kiyosaki’s retirement, or, as he calls it, “financial freedom”. In hindsight, it makes so much sense. Buy low and sell high. The reality is that it takes foresight and guts to move in the opposite direction of the herd.

Trying to pick the top and bottom of any market is tricky for the best investor. If you have the means, desire and fortitude, this is a great time to hunt for bargain properties. You can take your time and negotiate your best deal. Sellers understand that the leverage has moved over to buyers and are more flexible. Interest rates are still at record lows and as long as you have some money for a down payment, lenders are still in the business of lending money.

In Park City, the property selection is good. Click here to request our complimentary booklet, “How to Buy Park City Real Estate the Easy Way – A Dozen Strategies to Save Time & Money on Your Next Purchase.” We’ll be delighted to ship our booklet directly to your mailbox or front door.

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