Gotcha! There’s no secret. It’s right out there in the open. Stop pulling out your credit card for high-priced, under-delivering seminars and pay attention to what works. The first thing is know the market. If you don’t know the market, you’re just blindly slinging darts at the target to see if you might hit one. Using this approach for real estate investing has little chance for success and turns the endeavor into an expensive hobby.
If you’re going to do that, why not take your money to Vegas and at least have some fun?
So the secret is know your local market?
Zounds, no! What if the housing market where you live happens to be in the crapper? No matter how well you know it, investing there would still be a bad idea. A while back (more than 20 years, actually), Empowered Investor Network Founder, Jason Hartman, realized that success in the real estate business depended upon expertise in many markets around the country. After all, while southern California lingers at the bottom of a death spiral, take a flight half way across the country to Dallas, Texas, and you’ll find a great property investment climate.
The successful real estate investor cannot allow himself to be limited to only the local market he knows. He needs a broader view. Contrary to media spin, the housing market is not a monolithic entity. It can and does take on completely different characteristics as you travel around the United States.
So raise your eyes and look around!
To learn how to become an local market expert in any part of the country, visit https://www.jasonhartman.com. Our help is always free.
The Creating Wealth Team
