How to Get Rich in Today's Economy!

How to Get Rich in the Coming Recession!

With the Dow Jones dropping over 1300 points since Election day, and another 400 points today, Asian markets in the toilet, investors worldwide are wondering where to park their cash, if they have any left. The pundits are calling it the “End of Wealth“. As threats of doom and gloom pervade the day, the crash of the stock market pales in the light of the unemployment figures released at over 1.2 million. In layman’s terms, that is the size of the city of Dallas, Texas.

With car manufacturers crying to the government for a 25 M bail- out, where is the “Ordinary Joe” supposed to go with his dough? Angelica Wagner, a top US foreclosure expert has learned a lot about the American economy. In contrast to the twenty-five years of Canadian experience she had working in both residential and commercial real estate, Wagner’s American experience has been exclusive in areas of high bulk foreclosure markets and large investment portfolios. She believes that the next two years will make the difference between rich and poor, seeing more millionaires being made now than in the last decade. Why? Has land ever disappointed you? Has owning real estate ever been a mistake?

The term called “leverage” is the differentiating factor. Our greatest strength has been also been our greatest weakness as it has brought us to this time of desperation. Leverage, however, applied in markets that have bottomed out can change your life! This one fact changes today’s course in history for investors looking for long term gains. Although leverage was excessively applied to mortgages in states like California, Florida and New York, where greed and fear prevailed in the past few years, leverage correctly applied will make those same investors, a fortune. In today’s markets, places like Ohio, Indiana, Michigan, Missouri, and Illinois boast of homes that can be purchased for fifteen(.15) to thirty five cents on the dollar (.35). These locations become safe haven for wise investment cash.

California, Florida, and New York markets still have not settled, and expect to fall below fifty cents (.50) on the dollar, with Florida dropping another 25% before year end.Four tips from the expert in buying foreclosures:

1. If you want to negotiate one pre-foreclosure sale, remember that the property owner who falls behind in their mortgage payments is frequently unable to maintain the home, and the exterior will show this.

2. Properties sold at foreclosure sales and auctions are sold “as is” and must be repaired, often at considerable cost, before they can be resold on the market.

3. Potential buyers of auction properties may not have the opportunity to inspect the property before purchase.

4. Foreclosure properties may also be encumbered by tax and other liens, which become the responsibility of the owner after the foreclosure sale. It is likely that these homes cannot be covered by title insurance, so research, research and more research, is the key to uncovering the secrets of a foreclosed property before purchase.

With the banks needing help to dispose of these homes, large bundles of homes in safe markets can be bought at deep discounts by high volume companies. These homes can then be renovated, rented with huge long term profit in both equity and cash flow, and eventually sold at greater gains in coming years. Canadian, foreign and USA investors are invited to call the expert for bulk purchases in the USA with all deficiencies, titles and liens cleared:

Angelica Wagner, Vice President @ USA Wealth Institute 949.975.0544 for further information. posted by Angelica Wagner @ 3:04 PM