What will the real estate market look like in 2011?

And how can you position yourself to benefit from the New Normal?

You know, there will be millions made and lost in the next 12 months. The question is on what side of this equation will you find yourself?

Who knows where the real estate market will go? Not even the most knowledgeable, most well-educated economists, financial experts, politicians or real estate gurus have a clue. They’re all confused; as evidenced by the conflicting articles and reports that come out daily in the Wall Street Journal, MSNBC, and the rest of the media outlets (liberal and conservative alike) proving that wearing a $5,000 suit doesn’t necessarily mean that you know what you’re talking about. Even Jim Kramer, the Host of  

First let’s deal with this past year and the GPS® (Goal Plan Systems) we had in place and how it has all changed.

As many of you know, I typically get most of my deals from Top REO Brokers and agents I’ve developed relationships with along the way. Now, don’t get me wrong. That does not mean I exclude anybody who calls me with a decent deal; I will look at anything and everything that comes across my desk.

But let’s face it — most of my deals come as a result of answering my cell or office phone and after a brief one-sided conversation (usually the REO agent giving me the details on a specific deal) I respond with a simple and quick thumbs up or down; that’s it! 

Phew! Man, that was some year!

I’ve seen some close friends do very well financially this year. On the other hand, I’ve seen others hit hard times, the likes of which they never expected. And to be honest, I have to tell you that I haven’t been immune from the recent downturn. Without a doubt, I have taken some hits myself this past year. Luckily, they have been manageable. Thankfully, I have gotten myself back on track and have my new goals, plans and systems in place. I’ve begun to benefit from the present turbulent market changes. 2009 will undoubtedly be the most challenging and exciting business year that I will ever live through.

I expect that it will be filled with unknown and unexpected challenges and opportunities that I’ve