Beware . . . Foreclosure Tsunami

What does 6 months of deferred foreclosures look like? We are about to find out. From October of last year until April of this year, our administration placed a moratorium on foreclosures. Now in their infinite wisdom, we have thousands of foreclosures that will hit the market here in Birmingham. Who is prepared for it? At Golden Key we have been building the only Ark we know of that we believe will float the middle market of single family homes. We are looking for partners who would like to leverage what we have learned over the last five years and the platform we have built for purchasing houses. Someone will profit from the oncoming challenge ahead. Will it be you?

Golden Key

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Golden Key

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Problems = Opportunity

“The greatest problems present the greatest opportunities.” – Tina Seelig, Stanford University

A new foreclosure starts every 13 seconds . . . that equals out to 6,500 per day, according to the Center for Responsible Lending.

I was listening to a podcast on my IPod today when Tina Seelig from Stanford University, who teaches entrepreneurship, made the first statement. It reminded me of how BIG the housing problem really is (13 seconds). If that is true, then we must believe there is equally as BIG of an opportunity for people to take advantage of the problem. I believe it is unfortunate that people have been foreclosed on over the past three years, when they never should have been given a loan in the first place. However, out of the folly of the banks, we ought to take advantage of the abundant opportunity they created.

All real estate investors I trust tell me “cash flow” is one of the two most important items when determining whether a property is a good investment or a risky investment. How many of us were caught up in speculative type real estate investments where cash flow wasn’t even a consideration?? Can someone say, “beach condo?” Now all of us can see how stupid that was. An investment, that doesn’t yield cash flow, ultimately has a value of zero, unless you can find someone else to sell it to. I can find better ways to lose money!

Come invest along side us at Golden Key. We provide BOTH of the key indicators of a good real estate investment. Want to know what the second one is? Give me a call or shoot me an email @ matthew@gkhouses.com.