/24-7PressRelease/ - ALISO VIEJO, CA, July 24, 2008 — Foreclosed homes are being tossed onto the market at bargain prices. As these homes continue to be repossessed by banks, it is a classic time for you to purchase real estate.
According to the National Association of Realtors, there will be more than one million foreclosures over the next two years. And not every potential buyer can take advantage of these "sale" prices, because many of them are the ones who've been laid off. It seems the main reason for foreclosure is unemployment.
But if you are looking for a way to profit from the real estate crisis and increase your finances for the future, James Burns, author of the new book The 3 Secret Pillars of Wealth: How to Crack Your Wealth Code Using the Tools of the Self-made Billionaires, will teach you an approach to wisely invest in real estate during America's economic slump.
"With real estate and the stock market so unpredictable and volatile, investors need a new tactical approach," says Mr. Burns. "They need a balance of a combination of forces—leverage, arbitrage and cash flow."
These three prongs—which Burns refers to as "pillars"—include a technique that will allow you to take advantage market inefficiencies. While properties pile up, you can buy at a low price so that you may sell high or hold for the appreciation.
"In theory, you can accomplish all three parts by purchasing a three-family home that you can live in while collecting rent from two tenants," says Mr. Burns.
In The 3 Secret Pillars of Wealth, James Burns also offers these essential tips for building and securing your wealth:
• Research. There are three times to buy a foreclosed home: during auctions, when it's in pre-foreclosure or when it is owned by the bank—real estate owned (REO).
• Get greedy. Now people are scared to make a major move with their finances.
• Negotiate. Banks that are not in the business of real estate are looking for reasonable offers to turn over nickels for the dollar.
• Buy now. Homes are a lot more affordable than they've been for the last fifteen years.
• Invest. Real estate is on sale and mortgage rates are down. Fix up the house and flip it or rent it for a profit.
"My approach is certainly timely as we are heading into the biggest reduction of pension plans and the highest costs for Medicaid and Medicare over the last decade," says Mr. Burns. "People need to understand unconventional wealth strategies and why the old ideas don't work any longer."
An attorney and a former member of the United States Marine Corps Force Recon, James Burns has two degrees in law and one in taxation and international tax. He has over seventeen years of combined financial, real estate and legal experience.
For more information, contact the author directly at Jambur64@cox.net.
White Diamond Press and author James Burns chose Arbor Books, Inc. (www.ArborBooks.com) to design and promote The 3 Secret Pillars of Wealth: How to Crack Your Wealth Code Using the Tools of the Self-made Billionaires. Arbor Books is an internationally renowned, full-service book design, ghostwriting and marketing firm.
(The 3 Secret Pillars of Wealth: How to Crack your Wealth Code Using the Tools of the Self-made Billionaires by James Burns; ISBN: 0-9801620-0-9; $19.95; 128 pages; 5½" x 8½"; softcover; WHITE DIAMOND PRESS)
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