For those of you looking into real estate investment as a proven method of high returns, it should be noted that there are remarkable real estate deals available right now in New York State. There has, literally, never been a better time to buy a home (NY), with prices down in some areas by as much as 40 percent.
Folks, I have been doing this for a long time. As the owner of a network of organizations worth more than $1 billion (net, annualized), who has been involved in nearly 12,000 real estate transactions, I can say without a hint of doubt that the opportunity exists right now to get in while prices are super-low, buy a home (NY), and see incredible returns moving forward into the future.
I get a lot of folks who simply don’t get this. They say, “Billy, come on. Why do I want to buy a home New York when the market is as bad as it is right now?” First of all, the real estate market is cyclical. There are sharp dips in value, there are substantial rises in value. The highs and lows are easier to read than the stock market – everyone who gets in now will have time to make the right moves that provide high yields. I understand that there is concern, for some. But the smart players know that home prices have nowhere to go but up – especially for those looking to buy a home (NY).
When it comes to real estate prices, it is widely accepted that surrounding employment opportunity is one of the (if not the most) important factors that determine home values. A low rate of unemployment, combined with high household incomes and several other factors (such as proximity to good universities and creative industries like music, design, TV, publishing, advertising, film) translate into an area that quite simply, is going to feature real estate that holds its value. Nowhere do these specifics exist more than in New York State –which is why I am always telling investors and private lenders that the time is now to buy a home (NY).
We are caught in something of a perfect housing storm right now, to be sure. But, as someone who has had great success as a real estate investor, I think it is important to share some wisdom with folks who may be new to the game. One thing I am always telling folks is this: if you’re bold enough to go cliff-diving, you have to know that the time to jump is not when the waves are covering the rocks beneath you. Even though it seems safe, the truth is that you’d be putting yourself in great peril. The time to jump is (the opposite of what you’d think!) when the rocks are exposed. That way, when you land, you will have timed your jump so that the water is under you when you land.
In other words, timing is everything!
The market seems bad right now, but the truth is that smart investors realize that now is the time to jump (specifically because the rocks are exposed)! When you land, you will see that you have invested in New York real estate that will hold substantial value over time. So buy a home (NY) while the deals are there. Buy a house in Long Island; buy a house in Suffolk County; buy a house in Nassau County…and if you need any advice whatsoever, well, you know where to find me. Happy hunting!
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