Buy Deals and Not Just Buy Property to be Buying Property

In these crazy times we are living in today you need to be sure you are following the numbers because numbers do NOT lie.
What I mean by this is you need to be running numbers on the homes you are considering buying to make sure they are deals, I have saw many investors buying property paying way to much for the homes with small amounts of returns and praying for appreciation to bail them out, this is a risky strategy and a bad idea.
I had a long discussion with a friend of an investor that posted a deal she bought recently and this is what she thought was a good deal,she paid 799k for the home and was going to spend 150k to add rooms in the basement, with all the debts taxes and insurance on the home she was going to cashflow 1600 bucks a month, there is not a chance in the world this is a good deal that any investor should buy, I can't imagine any private lender would give her that much money for that small of return but I guess its better than not investing. If you are a new investor do not buy so called deals like this because that is a terrible return on your money.
please make sure you learn your numbers in investing so you know going into the deal you 
will make good money on your deals, those small returns are way to skinny and can get you in trouble if the tenants stop paying.

happy investing 
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