I haven't seen the traditional TV Real Estate Gurus on the air, lately. I haven't had my mail box flooded with their offers to make me rich in the next 30 days. These carrion Vultures and their minions of Crows all hoping for a free meal are undoubtably afraid of changing law and public perception.
I don't miss the Vultures or the Crows that sweep down and attack vulnerable home owners by deception and deceit. These vile caricatures should indeed be very, very careful and be prepared for prosecution/persecution regardless of guilt!
Before you condemn/curse the carrion among us remember both the Wise Old Owl and the Noble Eagles are carrion! Like in nature, society needs it's carrion members!
Opportunity investors are indeed carrion! Weather you're seen as a bloody Vulture, ignoble Crow, Wise Old Owl, or Noble Eagle depends entirely on the honesty of your actions and useful nature of your solutions!
Perhaps the Vultures and the Crows are having trouble finding suitable proprieties. It use to be that any property in foreclosure was an opportunity. That's no longer assumable, many if not most of today's foreclosures lack any salvageable equity. That doesn't mean there is less opportunity, quite the contrary! There is more opportunity than ever, it's just hard to see the trees in the forest! There are no free meals!
I have a nine word starting point for those who would be "wise and noble" investors: truth, truth, truth, disclose, disclose, disclose, document, document, document! There is a lot more to doing it right, but this is a free lesson.
The new TV Gurus are offering to teach you how to buy foreclosures, well "DA" they're listed! Get yourself a good REALTOR! Then there are the infomercials for the big real auctions, like tent revivals, leave your money and check books at home!
Bill
William J Archambault Jr
The Real Estate Investment Institute
PS: You might want reread: Creating Equity From Nothing / Revisited
