In part one of the Fear and the Investor series we looked at the different types of fear. It's important to remember: F.E.A.R. - False Evidence Appearing Real
So how do you battle FEAR?
#1 Distinct Advantage - Get Educated
The best thing to do in today's market is to learn how to take advantage of it. Not everyone around you is losing money and if they are - run far away from them. Get online and search for an investment book that focuses on the fundamentals of investing. You don't need to buy an expensive kit or attend a $10,000 seminar. You must surround yourself with a knowledgeable team and follow a proven system.
The most important key to investing in real estate now is to target your area and invest where the economic fundamentals are strong. Buy for cash flow in a city with a strong future and hold for the long term. Find someone who has a proven track record of investing in real estate and ask them how they do it. Listen, write it down and do it.
Other options include investing with Joint Venture Partners and investing in REITs. Often teaming up with a company or individual who knows the market can leverage your time and knowledge further, faster. Always do your due diligence on the person and the properties.
For detailed strategies of how to find the right property and choose the right area read these How To Articles.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment