I think the RE market will get a slight short turn rise â6 to 12 month but then crash to unimaginable numbers late 2011 .. canât believe the numbers of clueless people I run into who say â RE is a great buy, itâs down 30%â I just look at them and smile as most seem to have lost the ability to look past the past 10 years 100/150 % bubble #s, continues government interventions and snake oil salesman Realtor/media hype.
People never learn...but real professionals will always make money. I know a guy in Tampa, 25 years old whos making about $250K per month wholesaling. Another guy, I think he's either 28 or 29, he started out right as the market was falling apart and has invested in Student Housing. He's built up a portfolio worth over $3million and has positive cashflow of just under $10k per month. I know short sales guys making millions some months. It's just like trading...if your not coming at it with a plan and you dont know what your doing...well your gonna f it up.... if you have a plan and know what your doing, your going to do just fine.