Its either that statement or JP Morgan's "when my shoe shine buy is talking about stocks its time to get out of the market" that represent our acquisition strategy.
These are signs of our times. One month last year Fortune, Forbes and Business Week all ran cover page articles on how to invest in real estate. Less than 6 months later the market began to fall. Real Estate investing is not a follow the leader business, you have to invest when others are bailing out. Zell, Roth, LeFrak, Ross and many other real estate billionaire made almost all their wealth by buying in down markets. Now is our chance to do the same.
Many people are being forced to sell and we have positioned ourselves as the perfect buyer in these markets. Remember our idea of a good deal is not based on being able to flip in 6 months for a decent profit. We invest for the long term and we can wait out the slow periods.
Our strategy is to invest heavily when the market is low and hold long term. When the tide comes back our properties increase in value like all the others but our basis in the assets is substantially lower than what others will be paying.
This same model worked well for us in the early 90s and was responsible for more than half the growth in our. Corporate net worth. The same dynamics are out there again today and now is the time to execute.
In just a few years we will be a $1 Billion company and when the market kicks back up those assets will allow us to easily and quickly continue our growth.
Remember the Best is Yet to Come, but only you can Make It Happen.
Nickolas W Jekogian
NWJ Companies
917 763 3500
Sent via BlackBerry from T-Mobile
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