Today I will multiply my value a hundredfold.
I will commit not the terrible crime of aiming too low.
I will do the work that a failure will not do.
I will always let my reach exceed my grasp.
I will never be content with my performance in the market.
I will always raise my goals as soon as they are attained.
I will always strive to make the next hour better than this one.
I will always announce my goals to the world.
-Og Mandino “The Greatest Salesman in the World”
I am now on Scroll VIII of The Greatest Salesman in the World. (regular readers remember I started back in April) This 100 fold increase has already happened for me-more than once-since I first did the 10 scrolls as prescribed back in 2003. I look forward to this happening again in the future – which for me includes doubling the revenue of Diamond Equity in 2027.
Are you also working through the scrolls in The Greatest Salesman in the World? Reply and let me know which scroll you’re currently reading.
Featured Deal: paying 3% Buyer Broker Commission. $1M NNN Leased 35K Sq. Ft. Warehouse 9.9% Cap Rate (Call Sasha 312-566-7274)
We have offers in hand and are close to accepting on this featured deal. If you have any interest in this one, I suggest calling Sasha right now to get the ball rolling.
How to Time the Real Estate Market
As we head into the Winter market, available inventory dwindles slightly along with Buyer activity. Use this to your advantage and buy when everyone else is on the sidelines.
Specifically, you’re buying houses you can flip-so that you buy now, renovate through maybe Dec/Jan, then list & sell into the vibrant Spring Market. We notice 10% higher pricing from Retail Buyers in the Spring Market than we do the Fall or Winter. Every year, every market we operate.
But Dan, do you see the Interest Rates?Â
7.57% for the 30 year Mortgage!
Yes, and the higher rates are creating fear in the market. Many buyers are nervous and for that reason will also sit out on the sideline.
“When People are Fearful, BE GREEDY” – Warren Buffett investing rule
I believe we are in a short window of higher interest rates (defined as 7%+). As buyers are sidelined from fear, those willing to take the risk can get a better deal right now than they could 2 months ago. Â Just make the offer that makes sense to you-no matter what the asking price is.
My prediction: the Fed raised rates mostly because the inflation numbers were high on account of oil & gas prices skyrocketing due to the conflict in Iran. Oil produces now have a large incentive to produce and sell as much oil as possible, often activating discovery and production that doesn’t work at lower prices. They want to capture the record pricing for those gallons available in today’s market price.
That increase in production will eventually lower the prices and inflation will fall. I believe this happens by March, the inflation figures that the Fed watches will fall, and rates in the bond market will decline – along with the 30 year mortgage going back under 7%.
Should this occur, and you buy your flip now while the market is scared, you end up selling into a favorable Spring Market AND favorable interest rate environment. When rates go down there is normally an increase in buyer actiivty.
Your action item: go find flips & MAKE OFFERS!!
Here are 49 potential deals for you to buy
Now let’s multiply our value 100 fold!!