Our Story

2005 was the year i started to invest in the Reno real estate market. Feeling good with what I was making in my real estate business I decided to buy a property up North, a nice bungalow in Spanish Springs (w/ another investor) and another one in Northwest Reno.

It was all working according to plan, "retire early, retire rich!" Was my plan of attack.

During the process of buying my last investment home, a friend of a friend named Dan Wyatt started to warn me about the real estate market. He reasoned that there was no way that the demand (bullish as can be) can sustain itself. He showed me some historical graphs that clearly showed an "overheated" real estate market.

He also showed me some real estate related companies in the stock market that was rapidly falling over the peak. Clearly, this was the beginning of the end (market indeed bottomed in July 2005).

So I decided to get advice from other sources--I went to seasoned real estate people. Those that I worked with and some who were investors themselves. Not a single soul agreed with what Dan said.

Following my "instinct" I decided to push through with my plans. The last investment home closed early 2006.

Unbeknownst to me of course, the Reno real estate market reached it's absolute top in July 2005.

By May of 2006 I was beginning to question my decision and decided to talk to Dan again. By this time Dan had new graphs that very clearly showed the market was headed downhill. Also, at this time I was beginning to see homes take longer than usual to sell. Buyers were slowly fading.

This time I was determined to make the right decision. I called an emergency meeting with my partners and top clients. I showed them what Dan showed me. To my big surprise, they all agreed to take radical steps to sell our investments and cut our losses short.

But this didn't happen as easy as it sounds. You see, back in early 2006 the vast majority of people were still in cloud nine. Everybody was happy and making money in real estate. The mainstream media definitely was not saying anything. And here we were, planning to lose thousands of dollars in our investments--cut our losses short--but we knew what was coming. We saw the future.

Looking back, if we didn't listen to Dan, we could have lost (easily) five times more, bankruptcy was just around the corner.

Ever since then, I decided to pay close attention to the market. And it has never failed to amaze me. If you observe and listen carefully to what it's saying, the market will be far more helpful to you than the experts on T.V, mainstream media and real estate professionals combined!

In 2007 I decided to start this blog. To share my story and hopefully help people like me who didn't have a "dan".

"Confront the brutal facts but never lose hope that in the end you will prevail"