Real Estate investment is not a game of poker. It shouldn’t be about luck or prediction or counting cards. My favorite Real Estate investors value a stream of income. Real Estate Investment should be about a clear path that you see to adding value or increasing profits.
Investment is all about increasing the value. It’s foolish to invest without a clear plan of what YOU can do to increase the operating income. Not, “I think this is going up.” Not, “I hope this is going up.” Buy because you have a plan on how to get more out of this property.
Know all the details of an asset class or neighborhood better than anyone else so you can recognize a good deal. Spend time considering how to lower your operation costs to acquire or add value.
This is how you can profit from a real estate investment every time. It’s not about hoping or predicting. It’s about taking action and getting results.