I bet for some of you the name of this episode caught your attention…after all, everyone wants to know when that magical day will happen.
Sorry to disappoint you, but we will not know when the market reaches the bottom until after it is in recovery.
The better question is, why does finding the bottom of a market cycle matter to you? Do you honestly believe there are more “deals” in this magical place?
Who lied to you by saying the best time to buy is at the bottom of the market?
The best time to buy is when the numbers make sense because you are dealing with a motivated seller or one who does not see the potential in their own asset.
For them, the “asset” may be a liability by being a drain on their wallets.
It does not matter what market you may be in, there are deals to be had in every market.
When we let the popular opinion drive how we do business, we convert what should be a business transaction into an emotional one.
Instead of worrying about public opinion, perhaps we instead focus on finding opportunities which is code for finding people to talk to.
I know that while reading this, you might be thinking “Tyler, I have no money to invest right now”, yep, I hear you, $50 and a few keyboard clicks to head over to PrivateMoneyCrashCourse.com will solve that problem once and for all.
I bet that very few people in your market know what your buying criteria is, what is possible if they did know? Wouldn’t it be cool if people brought opportunities right to your front door?
Maybe you have yet to learn what your criteria is, and maybe you don’t have a good grasp on what a good deal looks like…that can change by going to HowToMakeDeals.com and taking the free mini course to learn how to analyze deals.
I bet that the people with IRA’s in your market don’t know you offer a service that will help them supercharge their retirement plans by teaming up with you.
What if you focused on income minus expenses equals cashflow and then took that information to a seller’s kitchen table so they too can see how deals are done.
Discussing the market when talking to a seller only makes sense when a crash is obvious, otherwise, avoid the conversation.