Buying Property In A Down Economy

When I see great advice or wisdom, I have to take it in. Real Estate investors today need to show more wisdom, skill, and restraint than ever. Here are some outstanding bits of wisdom you can see from the video below the 12 points of wisdom.

1. Most real estate fortunes were made in times like this.
2. Find a good beginner property and stick to what you know.
3. The best deals are found in your own back yard (area)
4. Start small and don't try to do a Donald Trump deal.
5. The Big Shots get creamed in the end.
6. Buy the block not the house. Location, Location, Location.
7. Tenents buy into better environments.
8. Examine the rent receipts not just the leases.
9. Factor in the costs of your tenants moving in and out.
10. Work with a team. Suggestion: JR McGee
11. Don't call a prospective tenent's current landlord.
12. Don't rent to a tenant that can move in tomorrow.