Buy a House Now! What the Rich are Teaching Their Children That Most of Us Aren’t

You are smack dab in the middle of the best wealth building opportunity in your entire life. Even average Americans can create what will be millions and millions of dollars. And guess what, the rich are taking advantage in a big way. Are you?

I will tell you from firsthand knowledge that my affluent clients are vividly watching this real estate market. Things have gotten too good and they are not about to let the best buying opportunity since the great depression pass them by. They are doing everything they can to personally move up to nicer homes and absolutely, positively pulling out all stops to get their children into a home!

If you’re not thinking this way you are probably not rich - or at least you don’t think like the rich. And if you ever want to become rich or afford your children that opportunity, this is the time to reevaluate your thinking.

I personally purchased my first condo (at the insistence of my mother) at age 19, lived in the home for several years then moved out and kept it as a rental. Two years later I moved back in, remodeled and sold it shortly thereafter. I owned the home for just over 5 years and in that time I figured that I had made just over $58K in mortgage payments (loving the tax deduction along the way).

When I sold the home I profited over $73k all 100% tax free. Holy cow! I made more in profit than I had made in payments over those 5 years (and two of those years I wasn’t making the payment, the renter was)! Oh yeah, and this was right through the 2001 stock market meltdown when the sky was falling and everyone was ruined for life. I couldn’t have dreamed of saving that much money in 5 years. And even if I could, the stock market would have sucked it up into www.yourmoneyisgonedotcom or some other here today gone tomorrow dot com.

Can you think of a single rich person who does not own at least his or her own home, if not more rental homes and other real estate? It is obviously a trend for rich people to own real estate so if you just mimicked their behavior you would probably be better off.

This real estate cycle, like every cycle, will naturally separate the people who think of opportunity and those who react out of fear. The great thing is you get to make that decision right now. It is your call as to which side of the fence you are going to live the rest of your life. I hope you think very carefully and join me on this side!

© 2009 - JLM Industries, Inc.

Josh Mettle is a top producing Professional Mortgage Lender in Salt Lake City, Utah. Josh is also a fourth generation real estate investor, and owns a number of rental homes, apartment units and mortgages. If you’re ready to buy or sell residential real estate, get Josh’s latest free tips, tools and newsletter at http://www.joshmettle.com