If necessity is the mother of invention, then surely distress is the mother of creativity.
It’s an age old principle in personal development: hard times have the potential to bring out the best in people depending on their mindset and peer group. The Bible says in James for believers to “count it all joy” when hard times come because that’s how faith is built. Football teams bond during “hell week” at training camp in the heat of the summer. Heroes are born against the backdrop of horrific tragedies such as natural disasters, terrorist attacks, or the deadly skirmishes of war. It’s the quintessential pearl being formed in response to the irritation of the sand sand in the oyster’s shell.
For some real estate investors, the last few years have been difficult (to say the least!). Many took horrific losses and lots of “wannabe” investors threw in the towel and quit. But some investors have used the experiences to learn valuable lessons and develop creative ways to push through and find profit opportunities in the rubble.
And though the economic repercussions of the mortgage meltdown are still with us, it isn’t the dominate headline of a few years ago. People are focusing forward, markets are slowly healing, and life goes on.
For the active real estate investor, the creative juices which were released during the disaster continue to flow. It’s that creativity that makes deals happen when lending is at a standstill. For those who master the art of creative real estate, these are some of the most exciting times in recent memory!
For this episode of The Real Estate Guys™ Radio Show, we invited a guy who’s been finding interesting ways to close deals and generate profits – even in a “bad” economy.
In this studio for another exciting foray into the wonderful world of real estate investment talk:
- Your host and creative genius, Robert Helms
- Co-host and grain of sand, Russell Gray
- Special guest, creative real estate investor, David Campbell
When you can buy property for below replacement cost, you’d think it would be easy to figure out how to make money. Then again, when a property is that cheap, it’s usually for a reason. So what should be obvious often isn’t as easy as you might think. That’s why it takes creative investors to lead the way out of any down market. When any schmo can buy a property, finding a deal is the critical skill. But when it’s hard to do a deal, deals are plentiful – but only for those who know how to get the deal done.
Since there isn’t any cookie cutter magic formula for creative real estate investing and every deal presents its own unique set of challenges and opportunities, the investor with real world experience and a large network of creative advisors has a competitive edge. Hard problems are often solved with a team brainstorming session, which is why having your own mastermind group is a huge asset. For us, our mentoring club and annual Investor Summit at Sea™ are where we grow and spend quality time with our mastermind group. Of course, you’re invited to join us in 2012 when Robert and Kim Kiyosaki , plus Rich Dad Advisor Ken McElroy, along with attorney Mauricio Rauld and international developer Beth Clifford (and some other soon to be announced special guest faculty) spend an entire week together to talk real estate investing aboard a cruise ship in the beautiful Caribbean.
For now, listen in as we discuss specific real life lessons in creative real estate with special guest David Campbell.