Good Deals on Investment Properties Quality Beats Quantity
set of reasons, but the common denominator among us all is to improve
our quality of life. Many (especially young) investors make the
mistake of thinking that the best way to improve their quality of life
is to knock out as many deals as they possibly can, generating as much
income as they can scrape from the community, and establishing a name
for themselves as the most dominant force in local real estate.
Well, all of those things are great for a career, but not necessarily
for a human being. Rather than jumping to throw your money at
every little deal you come across, devote your energy and attention
to finding the real superb deals (not just by the numbers, but also
considering what it is you are looking to get from your investment).
The best deals are the ones which not only generate good income, but
also allow the investor to pursue the facets of real estate and life
which he sees as fit.
One
of the most beautiful benefits of a career in real estate investing
is the freedom which it allows. If you play your cards right,
you can generate the same income working 10 hours per week as you can
working 50 hours, and you can do it anytime from anywhere in the world.
Too many investors lose sight of this, and are limited by the constant
nagging nature of their quest for deals and more deals. They end
up rooted to their hometown, working furiously day-in and day-out…
almost like a regular 9-5 office job—heaven forbid!!
Cater
your deals to your needs and goals, and you will be in a much better
place. If you need to generate money immediately, don’t waste
your time on even the best deals for rental properties. Stick
to your plan, even if the other offers are enticing. If you follow
every lead and snatch every deal, you will end up being pulled in myriad
directions which, if not managed carefully, are bound to steer your
career in a different direction. Similarly, if you got into investing
so you don’t have to work all the time, then you need to divert your
efforts to finding a good enough deal that will allow you to generate
substantial income, but which is not as hands-on as, say, a rehab or
a property management investment. Remember your goals when looking
for deals, stick to them, and you will find yourself achieving them
much faster (and probably with less work).
InvestmentPropertyMadeEasy.com
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