When people here the name Hilton the first person they most likely think of is Paris Hilton. While Paris is famous simply for being famous, her great-grandfather Conrad Hilton was a true visionary and someone we can learn a lot from.
There are several reasons for Conrad Hilton’s success, but one truly stands out to me…
Let’s think back to December 7, 1941, a horrible day in American history and according to FDR, “A Date Which Will Live In Infamy.” While everyone surely remembers this day, I can bet you don’t associate much with the day after, December 8, 1941.
You see, on December 7 the Japanese attacked Pearl Harbor and most people in California thought they were next. They believed that when the Japanese finished bombing Pearl Harbor, they were coming to bomb the coast of California since they were next geographically.
So what happened?
Property values in California literally dropped overnight. Prices plummeted due to the fear of war and that the Japanese would be on American soil.
On this day, December 8 1941, while everyone else was filled with panic and starting to unload their real estate at fire-sale prices, Conrad Hilton went on a buying spree. He was smart enough to see the value these people were leaving behind, and went on to make a fortune.
Just as everyone left the real estate industry on December 8, 1941, major debt buyers are starting to leave this industry. While companies like NCO are exiting the business due to fear of the coming regulations, we are running as fast as we can in the other direction to pick up what they are leaving behind.
Banks will need to create new forward flow contracts which will create huge opportunities for those smart enough to figure out how to profit from the new laws .
We believe we are in the right place at the right time and aligned with right people .We plan to do a whole lot of GOOD and make a whole lot of MONEY!
Do Good and Make Money!