"A wise man will make more opportunities than he finds." -- Francois Bacon
As I write this article we are well into 2010. There is still a fair amount of uncertainty in the U.S. in regards to the economy, banking, job market, etc. I have to say, this state of affairs is presenting us with some of the best opportunities I have seen in the past 18 years. Here's why...
The current situation also creates a great deal of uncertainty in the market. I have had a number of investors - even many that have been in the apartment business for a while - asking, "Is this the right time to invest?"
It is.
In fact...It is ALWAYS the right time. No matter what the economic conditions are you can always find property, especially commercial, that will be a good find. Why? Because in most situations one person's problem can become your opportunity.
Right now, there is an abundance of apartment property deals where:
A. The property is performing well. And...
B. The owner's personal finances are having trouble.
There is a large number of apartment property owners having personal financial issues that are OUTSIDE of their apartment business. In many cases, these owners are looking for is a quick way to generate cash.
Their problem is your opportunity.
Take 2010 and do the opposite of what the masses are doing. Most are in the mode of waiting things out. Most will not move forward with a purchase this year, maybe ever in some cases, because of their own uncertainty. Do the opposite. Take charge and move forward on some of these opportunities in 2010. You will be glad you did.