We all make mistakes but there comes a time when we stop doing the same unproductive things over and over. It’s time that everybody stops making simple mistakes and start learning more about making intelligent decisions that generate money and success. It’s no wonder many real estate investors don’t have a clue how to structure deals creatively simply because no one has ever taught them. Yet, I find many of these same people unwilling to learn anything that is new and different from what everyone else in their area does on a daily basis.
You can’t learn enough about how to be a successful real estate investor from a book, or from a two-hour speech by a traveling guru. Nothing could be farther from the truth. It takes time and quality knowledge to master success. Stop thinking like the masses and start thinking like the successful investors who are doing many good deals and are making more money.
Few investors really know how to determine the most they should pay for any property, most investors are just guessing. The problem I’m seeing is a total lack of education about how to determine how much to pay for any property. This is very disturbing to me as I know paying too much steals the investors profits.
Another reason I believe, is some investors lack the knowledge to accurately calculate the numbers because, number one, they don’t know what numbers to look for, and this is why they don’t know how much they should pay for any property.
Let me remind you to always examine every property before you ever make an offer to purchase it.
Few investors really know how to determine the most they should pay for any property, most investors are just guessing. The problem I’m seeing is a total lack of education about how to determine how much to pay for any property. This is very disturbing to me as I know paying too much steals the investors profits.
Another reason I believe, is some investors lack the knowledge to accurately calculate the numbers because, number one, they don’t know what numbers to look for, and this is why they don’t know how much they should pay for any property.
Let me remind you to always examine every property before you ever make an offer to purchase it.
Do you have any idea where the most profit comes from every property you buy? Are you making the most profit possible for every property you buy?
Why are you in the real estate business is to make as much profit as possible with the least amount of effort.
Today, I don’t believe anyone ever thinks about the things buyers and renters are looking for. I believe most investors fail to stop to think about what it is about each property that will be the determining factor of what will give them the most profit if they buy the property.
Something that has made a huge difference in how I recognize the highest and best use of each property I’m interested in buying is to imagine myself as if I would be the one who would be buying or renting the property. As crazy as it sounds, when you do this little exercise, it will surely give you a different and more focused perspective of what any buyer or renter will be looking for.
When I see myself as if I would be the person who will be living in the house, I look at the house differently. I hope you will see that it will change your perspective and put you more in tune with your buyers and renters of today.