Finance  »  Investing

Good Deals on Investment Properties Quality Beats Quantity

Date Added : August 11, 2010 | Views : 336

Every investor gets into real estate for his own unique, rather idiosyncratic



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).
 

Tells us what you think. J 

InvestmentPropertyMadeEasy.com





Article Source: http://www.articlesGiant.com
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Article By: Jay Redding


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