During my 45 years investing, I’ve struggled through 4 economic downturns at various hurricane levels, but this one is shaping up to be the best ever! Up till now, the Jimmy Carter presidency has always been my all-time favorite because Jimmy and his crew made me a $1,000,000 overnight. When folks ask me exactly how he did it, I’m still a bit in awe, but what I can tell you - having my name on the deeds to a bunch of duplexes was pretty much all I had to do. Jimmy’s runaway inflation did the rest. My property values doubled in hardly. no time at all.

WILL HISTORY REPEAT ITSELF?

Home sales have slowed to a trickle where I live. My state (California) has risen to the leader in foreclosures! Bankers are scratching their heads wondering why they wrote so many “liar loans” (no docs) for deadbeats and of course by now, everyone knows lenders Freddie Mac and half sister Fannie Mae are in the “dumper”. Meanwhile, the Wall Street bunch is mopping around totally baffled. They thought the problem was four-dollar gas.

 Once again, the inflation sharks are circling faster than anytime since 1981. New construction (home building) is at a 17 year low and mortgage defaults are growing by the day. Of course, there’s some bad news too! Interest rates are still comparatively low – which means Jimmy’s record remains unbeaten for now – still, we’re hearing awful bad vibes on the street. The unemployment fund is nearly broke, major retailers are filing bankruptcies and there’s big problems still ahead for oil. When the interest rates finally bust loose – you can kiss 01′ Jimmy’s record goodbye!

WHAT’S A POOR INVESTOR TO DO, YOU ASK?

My quick answer is get yourself in position to become rich! After all, how many Jimmy Carter’s are out there? You can’t expect them to help you all the time! If you miss the boat this time, you’ve got no one but yourself to blame. You can’t get rich sittin’ at the intersection when the light turns green! This get rich formula hasn’t changed in over a hundred years. You must acquire income-producing (assets) real estate before the inflation dam bursts. You must have the vision to see the leaks now, and be prepared to act quickly!

It’s important that you seek out and acquire the kind of properties that will rise with the tide! If you’ll purchase investment properties that are already earning income today; they’ll automatically rise with inflation- quite similar to a toilet after you flush! The added value (appreciation) which accompanies inflation is the easiest money you’ll ever earn and it’s all tax-free when you keep the property. Imagine if you can, acquiring an income property where inflation automatically drives up the value and the income, while your mortgage payments stay the same. That’s exactly what Jimmy’s term in the White House did for me. It was the perfect storm then – and it’s about to make an encore.