How To - Tips For Not Overpaying For A Property
You make your money when you a buy a property is the first thing you learn in real estate investing. The interesting part about that is that it is probably the most important advice a person can receive. Every day I see people over paying for properties. Most of the time it is because they do not know their market well enough and don't believe they are paying too much. It isn't until they go to sell or begin construction do they realize they are fighting an uphill battle. One key to buying is being honest with yourself. You have to know your market inside and out and then make a decision on the value of the property with out any emotion attached to the deal. You have to be honest with the renovation numbers as convincing yourself that less repair dollars will still put out a top notch product is a death trap. If you go over your construction budget, it is the same thing as paying more for the property originally. Be honest with yourself and know your market. If you can do that, you can make offers that you are comfortable knowing you will make money on the deals.
Ian Walsh
215.839.3271
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