Wednesday, November 11, 2015
WORST Way to Invest in Real Estate
Check out this video on what not to do when investing in real estate. http://sellmeyourhousetoday.com/blog/worst-way-to-invest-in-real-estate-2/
I couldn’t believe the number of readers who disagreed with my ideas. I think John C. summed it up best when he wrote in:
“We have not yet hit the bottom. Unemployment is still climbing, so buy all the rental properties you want. To whom are you planning to rent them too?” Look, it’s true the housing market is in the toilet. Home values have been decimated. Property values have been falling for three years straight. But now we’re starting to see signs of a turnaround. That was the point I was trying to make.
If you want to make big money, you don’t buy when times are good… you don’t buy when times are bad… you buy when times are moving from the worst ever to not so bad. Big investors make money when they buy, not when they sell. Think of Warren Buffett. He’s only willing to buy when he gets a deal… and you don’t get a deal in a hot market. You get the best deals in a market that’s been crushed. That’s why I think now’s a good time to be investing in real estate.
Owning real estate isn’t for everyone.
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