Real Estate Investing - Like Surfing
Nine of ten investors that I communicate with tell me that they are involved in real estate investing because they saw somebody else make a bundle from the speedy appreciation of the marketplace over the last few years. But, buying property exclusively for short-term gain is frequently a large gamble! If you purchase the parcel or property to have for 15 years or more, the chances are you will go away on happy. If you make a real estate investment and want to turn it in within a year, you likely are going to be disappointed. However, despite the dangers, many folks still try to intelligently time the “windfall” in a specific market or subdivision and risk almost certain failure. If you purchase a rental holding as a long term investment the patterns of excessive or depressed costs will still turn out to have favorable cash flow, as long as you’re patient. Real estate investing is a lot like surfing. If you don’t know how to ride the waves and time your moves carefully, you’ll end up submerged.