Herb Strather: Herb Strather, Real Estate Expert and Guru, to speak at College on Making Money in a Recession

Wednesday, August 5, 2009

Herb Strather, Real Estate Expert and Guru, to speak at College on Making Money in a Recession

Herb Strather, Real Estate Expert and Guru, to speak at College on Making Money in a Recession

Mr. Herb Strather will be sharing how to make money in real estate investing in down turn market.

Herb Strather has a long, successful history of identifying residential and commercial investment properties. Mr. Strather will be speaking on how to make a boat load of money in our current recession at Wayne County Community College District on August 20th.

From 6 pm to 7 pm there is networking. From 7pm to 9pm Mr. Herb Strather will be speaking. Herb will being giving great information making money when the market crashes.

The Strather & Associates of 2009 is a diverse, multifaceted enterprise whose portfolio includes over3.25 million square feet of commercial and residential properties for lease, buildings for lease, office space to let and numerous commercial property development projects all of which is responsible for over $1 billion in transactions. Strather & Associates real estate brokerage specializes in urban development, commercial property listings, acquisition strategies, commercial property rental and real estate turnarounds.

The Herb’s corporate philosophy holds that it is not only possible but essential to simultaneously renew economically disadvantaged urban neighborhoods, maximize value for investors and empower individuals to achieve to the level of their greatest potential.

Herb Strather the author delivers a broader view of his philosophy in his latest book, “How to Survive and Thrive in a Recession.” He describes his new book as a step-by-step guide targeted to everyone from homeowners facing foreclosures to commercial property investment opportunities for the entrepreneurs hoping to cash in on today’s unprecedented residential investment opportunities. If the reader is serious, this manual is worth its weight in gold and can be the ticket to success in real estate, even in today’s market.

The Mega Evening Event will be on Thursday, August 20, 2009; from 6pm to 9pm; at Wayne County Community College Eastern Campus, Cooper Room;. 5901 Conner Detroit, MI 48213.

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Please Check out my new book: How to Survive &Thrive in a Recession

Everything you need to know from negotiating debt relief to making money on real estate acquisitions today!

The Great Metamorphosis of 2009

In 1969 at the age of 18, I purchased my first house for my mom through FHA. Because I was a minor, my mom was my guardian. My second real estate deal was a two-family flat for which I borrowed $2,500 from a bank for the down payment. I was able to assume a $10,000 mortgage, put $1,000 down and put the remaining $1,500 in my pocket. I was hooked on leveraging real estate.

Ten years later, I had acquired more than $25 million in real estate without investing any of my own money with all of the deals 100% leveraged. Then came the great recession of 1980. Interest rates went from 8% to 20% almost overnight. I was in big-time trouble. I farmed out my property management operations and decided to concentrate on troubled real estate deals. Within two years, I had closed more than $125 million in complicated transactions with big players like E.F. Hutton/Related, Bank of America, American INVESCO and Continental Bank. I made a few million and got back in the acquisition business. One of my sweetest deals was in 1982, a 453-unit condo conversion in Michigan. The conversion was appraised as apartments for $30 million but $43 million was owed on it. It had 150 vacancies and only 34 of the units were sold. I sold the development in one week for $45 million. All the local developers wanted to know how I did it. Because of this deal, I began speaking at professional association meetings and soon became well known in the real estate business.

Over the next 20 years, I bought, sold, traded and developed more than $2 billion in real estate deals and was inspired to write my first book in 2006, “Getting Rich is Easy.” In 2007, I had millions of dollars in my stock portfolio and tens of millions of dollars in equity in real estate developments. Today, like everyone including real estate developers, my stock portfolio has been significantly diminished and the debts on my real estate developments are greater than its current market values. In other words, I owe the banks more money than the projects are worth. I am what is known in the industry as 'upside down,' or at least I appear to be upside down. To some folk this may seem to be a tragedy, but because I have seen this movie before, I know this is a golden opportunity. I made many of my greatest deals during difficult times. Between 2009 and 2012, great profits will be made in real estate, especially in deals that involve adjusting mortgage balances with current real estate valuations and outright purchases of depressed real estate. This book is designed to show you strategies on everything from negotiating lower mortgage balances to making money on real estate, everything to create a substantial estate for yourself--even if you have no money!

You may not be working out a problem on a $10 million mortgage. Your problems (opportunities) may be just trying to lower the mortgage balance and payments on your home. Perhaps you are looking to purchase some real estate at great prices and need to understand the best way to do it. No matter what your objective, many of the underlying strategies are similar. These are incredible strategies that money cannot buy and which are not taught at institutes of higher learning. They come only through experience. Most developers will not share with you how they structure or restructure their deals. I am a developer, author and teacher, and very excited about teaching young developers (no matter what age) the real estate game so that our communities can be improved.

Ironically, it was exactly 80 years ago that the Great Depression started. The cause was pretty much what we have today, rampant appreciation of assets and a mountain of debt. In 1929 it was the stock market; and in 2009 it is the housing market. The results are the same–difficult financial times. The good news is that the greatest wealth in the world was created during these turbulent financial periods and over the next few years, the market is set to become a replay of gigantic financial gains. Many of you might say you need money to make money which is true to a degree. However, you also need good deals to make money. If you find the deals and the investors with money, guess what, everybody wins! This book will show you how to do both.

What’s happening now is like a great metamorphosis, a once-in-a-lifetime chance for great wealth accumulation by shedding debt and accumulating deals for pennies. The best of both worlds is to shed the debt and keep the asset(s), just like General Motors and other firms. You might say this is a 'reshuffling of the deck.' Everyone is impacted in some manner, you have no choice. Whether it is your retirement account, the equity in your home or a job, you are or will be impacted. If you are without a job and have limited resources, or if your real estate is upside down, you can actually use your weak situation to strengthen your negotiations. The world is upside down and you can turn a negative into a positive provided you are equipped with the right negotiating skills and you know the lay-of-the-land. Assets that you accumulate now will double and quadruple in the near future. My book is your guide to winning. It gives you the answers you have been looking for and some you may not have thought of. The question is, do you plan to benefit in this economic tsunami and if so, how?

To my readers, colleagues, partners, children, godchildren, students and friends, when you read my book, please sit down and buckle up as you may never read another book like this. I am giving you the best and I expect you to win with it.

One last thought. In times like these you've 'gotta’ believe in you. No matter how tough it is, you can see it through. You have the next 12-24 months to get it right and the rest of your life to enjoy it. Check book out http://www.herbstrather.com

Herb Strather