Education is the key-driving factor that can separate you from the rest, however, education comes in many forms. Eliciting a professional with education can unleash bounds of growth simply not possible on your own in any sort of short-run game, remember to ask questions and then ask more. After speaking with a professional you should feel more competent and have a greater sense of understanding of the process. Remember to ask about their fiduciary responsibility and what that means to them in regards to their clients.
Cap or Control Your Risk! Only invest what you wouldn’t mind losing while capping the downside and maximizing the upside. Use the one-week rule; allow all of your bills to be paid with one-week earnings before you invest.
Remember Cash is King, only meaning cash will always win and is always better than the wrong investment.
Plan ahead and expect and be prepared, don’t fear the correction. Create fail-safes for your self to capitalize during a down turn.
Flexibility will always win, for the one who is most flexible has the most options.
This is merely the beginning of many successful Real Estate Investments tips of
mine to capitalize in all markets. Real Estate Investing is more complicated than
traditional investing involving; financial, legal, title, insurance, etc… extensive due
diligence is required.
Other than above, here are my first top 5 Secrets for Real Estate Investing
1. Location Matters - Worst house on the best street
2. Buy wholesale
3. Understand the tax benefit
4. Importance of Great Credit
5. The 1% rule