How Does Real Estate Investing Work – Is There One Magic Rule?
By Tom Dunn
If you have spent much time around people who invest in Real Estate you know that they all have their favorite rules. At Investment Club meetings, online chat rooms, even at the corner coffee shop, you catch snippets of conversations including phrases like,
“Location, location, location,”
“Buy low, sell high,”
“Invest in what you know,”
and many others.
While these are all important, in my experience (and that of many other seasoned investors) there is one rule that, if followed consistently, will save you from almost all of the potential pitfalls investors commonly encounter. What is this pearl of wisdom?
Simply this: YOU MAKE YOUR MONEY WHEN YOU BUY.
“What’s that,” you say? “Everybody knows you make your money when you sell.”
“Not so fast,” I reply.
Don't forget... it only takes one!