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Good Deals on Investment Properties: Quality Beats Quantity
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
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