Here’s is something I have learned from older (or younger frankly), wiser men and women…READ THIS…every time I turn around it’s the common theme from those that have successfully gone before me.
Ok, so the funny thing is that it’s a “distressed property investing” market. Right?
And, that leads most to believe that it’s time to run.
If you want to succeed BIG TIME as a real estate investor or simply in life in today’s troubled (i.e. opportunity) real estate market.
My suggestions (from observation, education and experience) for success are:
- Stay short to minimize risk
- Go long with cash and ride debt free
CONFIRMED AGAIN: I just had lunch with a buddy of mine and his brother the other day. His brother whom I just met recently finished up a 4 year contract trading commodities in Chicago.
Basically he worked for a couple extremely wealthy individuals and they traded their own fund.
As we chatted and got to know each others investing strategies (him from a commodities background and mine from real estate), we realized that our approaches were virtually dead on the same.
Now here’s the thing…He learned it by having it pounded into his head for 4 years from older, “wiser than us” guys trading a large fund.
I learned it by trial and error over 10 years of real estate investing.
The bottom line, you should:
- Stay Short
- Pay Cash
Good concepts for your entire life.
Check out my “Build a REI Business” <— link here for more information and videos on how I’m doing that in this Distressed Property Investing real estate market.
Enjoy.
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