All Forum Posts by: Teddy Smith

I'd say if you are %25 LTV, have a cash reserve, and by a good quality investment (brick rancher near a university type) you'll be fine even in a bad time. Cash-flow is what makes you rich anyway.

But if waiting will put you in a more advantages financial position, I'd just stick around for a better market.

The only thing you don't want to be is the "one day" guy. Always says she/he's going to take the plunge and never does.

My exact words a few days ago:

"A huge real-estate investing forum. Lots of great resources. Look at what people are talking about on it and start googling. Stay away from seminar people."

I'd say that almost any area is going to have investment worthy properties. The question is less about location but the type of investment you seek. Low risk? Flip? Management intensive? Cash-flow? All of these properties can be found in almost any market. Expanding markets can be great but a well chosen investment in a stagnant market can be even better. Just my two cents.

I'd agree with Tom. Very common trait among brokers is having a Finance/Business degree. Will help you understand DCF, NPV, and numerous financial metrics.

BUT If you're looking for an education that will get you a job, there really isn't any. A degree will help but the vast majority of successful real-estate professionals just learned from experience.