subject: RECESSION PROOF YOUR INCOME [print this page] RECESSION PROOF YOUR INCOME
Anyone who believes we are not in a recession has been asleep for the past few years. It is time to wake up people! In a recession, we must rethink our previous way of life, doing business and our spending habits. During a recession, you have to change the way you buy and sell real estate if you want to survive. Think about it, you can't use the same boom time strategies to make money during bust times.
Who ever thought gasoline would be $3 per gallon? Who ever thought Chrysler Financial would discontinue lease options? Who ever thought job freezes and salary cuts would be at an all time high? Regardless of what we thought, we must face the grim reality that our economy is in a recession, and we must rearrange our current way of life to make ends meet and secure our financial future.
The greatest way to do so is to invest in real estate. While, you may be hearing negative press on the Feds losing money, Fannie and Freddie under government control, adjustable rate mortgages are ballooning out of control and anyone investing in real estate now will surely face larger risks. The truth is, now is the best time to invest in real estate. People will always need quality, affordable housing, regardless of the economy. By taking advantage of the large surplus of homes, buyers are able to aggressively negotiate prices, often obtaining distressed properties for pennies on the dollar. Buying properties at wholesale values, fixing, and reselling at retail rates is how I've made my millions in a few short years.
Find out more on how to recession proof your income by visiting my blog at http://www.annettapowellblog.com
Wishing you much success,
Annetta Powell
Your Professional Success Coach
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