Is now the right time for you to cash in by selling your real estate? People
everywhere want to know. Because the markets been going up and up and up in
the last 3 years. It's up 64%. And people want to know "Should I cash in?
Should I sell? Should I hold? All of that's coming your way next?"
You had time you had money and you didn't leverage it. Is the market done
going up?
Check out these planes. When was the right time to sell these planes? The
reality is that they've been decommissioned and they're sitting here.
And if someone would have sold them, they would probably be worth more yesterday
than they are today. Reality is plane's going down in value. They're
not increasing in value. A home, when you look at the opportunity cost what's
happening in the country right now, eventually the market has to turn. And
when that happens, when you become holding the bag on real estate that had
an inflated price and now has gone down. To answer your question I want to go
back to 2008. Do you know what was happening in 2005, '06, '07, '08? I was
buying up tons and tons and tons of real estate. And people started getting
nervous about the market exactly like the way they are right now. And a lot of
them have their homes go up 100,000 in value. Some of them more than
that. And they thought, "Man, this is going to go on forever." And I remember telling
some of them "At the right time, you need to pull out because if you don't, that
value drops, you won't be able to take advantage of that free money to keep
growing wealth." Growing wealth is really just moving low yields to high yields.
We've got cheaper money right now with where rates have gone than ever before.
Check this out for example: When I buy real estate on average, I'm earning
between 25 and 30 percent a year on the money. So, if I can borrow it from the banks of
4 or 5 or 6 percent and basically leverage it in 25 or 30 percent, I am making all of that
money in between. So, back when this happened 2008, I remember warning some of
my friends, "You better got out of the 401K you'd better get out of your
IRA because when that market goes down, you're going to lose that." And one of them
at over a half a million dollars and that value dropped by more than in half.
Now eventually that person actually made it up. But what was missing in the makeup
was time. That money could have been used burning in real estate. So, let me answer
your question. Is the market done going up? Well, I'm going to tell you right now.
If Trump gets reelected... He's not going to be impeached at this point. But that
means that our economy is going to continue stabilizing. It's going to continue
increasing. And eventually, it is going to turn. We don't know when that is. Here's
what you should be doing. You should be asking "How do I get a home equity line
so I can pull some money out with the bank so I can put it in other investments?" Or
"Would now be the right time to sell?" Now is a fantastic time to be selling real
estate. There is no doubt that even though we still have a shortage in
inventory, those prices can't go up forever and eventually as that forms
into a bubble. You have to ask yourself the money that you get from the increase.
First, 50,000. Is it the safest or the riskiest? What about the next 50,000? The
first $50,000 is the same fund. Next $50,000 is definitely the risky one.
What should you be doing right now, you should be asking yourself this question: "How do
I get money out of the market and how do I put it to work?"
You remember that scene in Indiana Jones when the old plane and the guy is like
getting punched by Indy. I feel he goes into the lake the propeller and then you
know obviously it's blood and gore everywhere. Dude, that's what it's like
for me when I see the market turn. I'm like, "Oh, my gosh. You had time, you had
money and you didn't leverage it. You didn't use it the way that it could have
been." Listen, if you want to, you can not take advantage of the market right now.
But if you don't, it will be years before it gets this juicy again. And you'll say,
"Man, I wish I had done something." You want to know what my biggest regret from 2008
is? I wish I had bought a thousand more properties than I actually did. And I had
the ability to if I really set my mind to it.
But I had never gone through that first rollercoaster. Now, I'm 40 years old and
now I see it coming again. Will it be as deep does the Great Recession? No. It's
usually every fourth turning. It's every 80 years that you find that kind of
cycle. But that cycle will turn again. And while we don't know exactly when it is,
instead of walking into a spinning propeller at losing time to losing money, I'm doing everything I
can right now to take advantage of it. By the way, right now I'm buying out my
house just about every single day with people like you they're watching. If you've
got equity stuck in a house and you're like, "Okay, Kris, let's say that I could get it
out, what would I actually do?" So, if you're watching this and you're thinking,
"Alright. So, Kris what if I had some money? Like what could I do?" Do something.
If you don't know what that looks like, I've published a document that actually
walks you through exactly what I'm doing and exactly how you can do it yourself.
It's my track record. My latest book on how I buy a house just about every
single day. And if you want to know, that's earning 20, 25 or 30 percent
returns. You can get that entire publication for free because I want you
financially smarter I want you to like awaken your financial genius. I want you to
really learn how to command your financial future. That's what this
channel is all about. The best thing that you can do right now is to figure out ultimately
how to access money and then put it to work.
Wealthy people borrow money cheap and they put it out and they wrote much
bigger gains. And they created a big of a difference as possible.
It's called a positive arbitrage. And you yourself have the ability to do the
exact same thing that the wealthier doing. When I got started my journey, when
I started doing it, I was nervous, I was scared. No one showed me how. Today, I do
it in my sleep. And you can learn how to do that too, my
friends. Do not be like one of these decommissioned planes and has value
today. But every passing day that value shrinks. That's what it's like when time
gets shorter when right now we're in an economy where it is were the very best
times to be building and creating wealth. I would not want to be standing here
when this thing fires up. Likewise, if you're saying it's time to get more
serious get my head in the game, make sure that you are a subscriber and smash
the like button and send it to somebody else
that's bought a home sitting on a pile of equity
wondering what they should be doing. I hope that helps you find your journey,
your path. By the way, on your way out, please ring that bell.
It tells YouTube to send you an update every single day about the very next
video. Because I've created another one for you
you