April 14, 2009 -- Now out of work or fearing a job loss, many “wanna be” real estate investors are waiting for the market to recover, but Vancouver based Rev N You with Real Estate founders think that’s a mistake.
What started as a simple little real estate investing email newsletter to 70 friends and family has now grown to an online business with more than 3,000 newsletter subscribers! As Rev N You with Real Estate founders Dave Peniuk and Julie Broad celebrate the three year anniversary of their real estate investing newsletter they warn their newsletter subscribers against paying close attention to the gloomy messages in the media.
”When we started investing in real estate in 2001 the market in BC was depressed. It wasn’t unusual for a house to be on the market for a year, or more. It was scary and nobody thought we should be buying property, but we did our best deals in that market. The trick is to overcome the fear that is created by nobody in particular yet felt by everyone. Find a good area, create an under market value deal and hold on to it. It’s pretty much a guaranteed path to wealth,” says Dave Peniuk.
Dave Peniuk and Julie Broad should know. Eight years later their first purchase (pictured here) is worth more than twice what they paid for and has consistently put over $300 in their pocket every month! But more recently, thanks to low interest rates and increasing rental rates, the positive cash flow in their pocket from this property is more like $500 these days!
Many people are going to miss opportunities to pick up deals like that one though. People are more afraid of buying property today than they were two years ago when the market had reached insane heights.
Most people think the best strategy right now is to wait. But people aren't waiting around to buy homes next year because they have superior information. The masses who are avoiding real estate right now are just following the herd.
But, because the crowd is not investing in real estate right now, there are tremendous opportunities for the people that are.
So in celebration of their 3 year anniversary of writing their Rev N You with Real Estate Newsletters, Dave and Julie are encouraging their readers to ignore what the media says, and disregard the opinion of their neighbor and colleague. Instead, Julie Broad says “Focus on your own goals. If you find a property that will produce positive cash flow in a stable area with good prospects for the future, and you can buy that property for under market value – you WILL make money. Hold onto it for a few years, and you will be much wealthier than you are today.”
For more information or to sign up for a free subscription to their newsletter visit www.revnyou.com.
Media Contact:
Julie Broad
julie@revnyou.com
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