You can still find plenty of good deals in a failing real estate market by applying the advice in The Peebles Path to Real Estate Wealth: How to Make Money in Any Market . Multimillionaire teal estate mogul R. Donahue Peebles makes it possible for you to always win in real estate, provided you have the right knowledge and exercise good judgment in the deals you make. Start with small investments and work up to bigger, more profitable properties; before you know it, you’ll be a smart investor earning large profits! Find big profits in any marketâ??with expert advice from real estate mogul R. Donahue Peebles A few years ago, the experts said you couldn't lose in real estate. Now, they're saying you can't win. The truth has always been more complicated. Even when the market was only going up, people made plenty of bad deals. And even now, you can still find plenty of good ones. You can always win in real estate, provided you have the right knowledge and exercise good judgment in the deals you make. In The Peebles Path to Real Estate Wealth , multimillionaire investor R. Donahue Peebles shows you how to follow the path he took to real estate richesâ??by starting small with smart investments and building up to bigger, more profitable properties. Based on his own personal experience and examples from across the nation, Peebles shows you how to measure real value and find deals in any market. If you want to invest smart and earn big profits, The Peebles Path to Real Estate Wealth gives you all the tools to succeed: A full explanation of the current housing crisisâ??how it happened and where the markets are going - Fundamental investing tools, including a crash course in property valuation, practical data and resources, and proven tips on negotiating with lenders and sellers - A proven plan for building wealth in the new real estate climate with expert guidance on understanding your local market, measuring real value, investing in residential and commercial properties, and structuring your deals Markets go through natural cycles of ups and downs. With The Peebles Path to Real Estate Wealth , you'll understand those cycles, learn to measure the true value of properties, and grow your real estate empireâ??especially when the market is down. Find big profits in any marketâ??with expert advice from real estate mogul R. Donahue Peebles A few years ago, the experts said you couldn't lose in real estate. Now, they're saying you can't win. The truth has always been more complicated. Even when the market was only going up, people made plenty of bad deals. And even now, you can still find plenty of good ones. You can always win in real estate, provided you have the right knowledge and exercise good judgment in the deals you make. In The Peebles Path to Real Estate Wealth , multimillionaire investor R. Donahue Peebles shows you how to follow the path he took to real estate richesâ??by starting small with smart investments and building up to bigger, more profitable properties. Based on his own personal experience and examples from across the nation, Peebles shows you how to measure real value and find deals in any market. If you want to invest smart and earn big profits, The Peebles Path to Real Estate Wealth gives you all the tools to succeed: A full explanation of the current housing crisisâ??how it happened and where the markets are going - Fundamental investing tools, including a crash course in property valuation, practical data and resources, and proven tips on negotiating with lenders and sellers - A proven plan for building wealth in the new real estate climate with expert guidance on understanding your local market, measuring real value, investing in residential and commercial properties, and structuring your deals Markets go through natural cycles of ups and downs. With The Peebles Path to Real Estate Wealth , you'll understand those cycles, learn to measure the true value of properties, and grow your real estate empireâ??especially when the market is down. R. Donahue Peebles is Chairman and CEO of The Peebles Corporation, one of the nation's most successful real estate investment firms. A leading developer and entrepreneur, his portfolio includes four-star hotels and residential and commercial properties in Las Vegas, San Francisco, Washington, D.C., and Miami Beach. He is also the author of The Peebles Principles , from Wiley. The Peebles Path to Real Estate Wealth How to Make Money in Any Market By R. Donahue Peebles John Wiley & Sons Copyright © 2008 R. Donahue Peebles All right reserved. ISBN: 978-0-470-37280-7 Chapter One The Big Bang: The Post-2000 Real Estate Explosion Between 2000 and 2006, mortgage interest rates in the United States fell in half. That started a feeding frenzy, which sent housing prices to dizzying heights. An investment bubble is just what it sounds like: a pocket of air, rising upwards until it bursts. In real estate, just as in other financial arenas, bu