KW Philadelphia Presentation - Speculative Buying Is Dangerous
Speculative buying is one of the highest risk/reward games in real estate investing. Most experienced investors tend to not be speculative in nature because the downside to being wrong on a speculative buy is very penalizing. The upside of a speculative buy can be very rewarding but can also create a bubble of false confidence. Experienced investors tend to like to invest in areas where they are certain of the exit price on their project rather than guessing in a speculative scenario.
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