Posted by: Connie Yee
If the strategy for investing in real estate in 2009 had to be whittled down to one word, it would be this one: “conservatively.” There are a number of differing opinions about when the market is going to rebound, which markets are fundamentally strong and where you should be putting your money. People always argue that one method for investing in real estate is better than another, and of course they support their claim with a bunch of fuzzy math and a laundry list of pros and cons. But how do you really compare investing strategies like “buy and hold” to “fix and flip” or “hard money lending” to “purchasing trust deeds?” In truth, you don’t have to, because they all lead back to the same core investing philosophy: “keep it simple, stupid.” Oh, and also… “keep it conservative too.”
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It is common knowledge that real estate investments are not the cheapest and you will need to know what you are about to invest in before you start.
ReplyDeleteThe first step towards making that good real estate investment is the planning stage. This involves gathering as much information as possible about what you want to make an investment in.
Sadly you didn’t, and you just have spent more hard earned cash to know what you already know. Feeling disappointed and conned, you rightfully conclude that maybe you should stop searching for answers in these books, ebooks, or real estate investing courses, or whatever ideas that some real estate guy posing as a guru churns out. You feel that it was a waste of your time and money, and you are right about it.
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