The rumors are true. Some real estate entrepreneurs have trouble turning their new business venture into a positive cash flow endeavor. Why is this? Part of the problem is being “motivated seller” focused rather than “deal” focused. Here’s what we mean by that. You can throw a rock in almost any neighborhood in the United States and hit a half dozen motivated sellers. Does that mean you have half a dozen good deals to choose from?
Heck, no!
It simply means there are six people desperate to unload their property. When you start to analyze each deal you will find them to be good, bad, or indifferent. No matter how motivated the seller is, a bad deal is still a bad deal. If you’ve been following our posts at Empowered Investor Network for any length of time, you know we NEVER pull the trigger on ANY deal unless it makes sense the day we buy it.
You should do the same. It’s better to not be in a deal at all than to be in a bad one. The simple secret to real estate investment success is to always pick good deals. Easier said than done, right? Not really. We have turned the art of picking good deals into more of a science. There are a few metrics you should key on when evaluating any prospect that comes across the transom. If the property meets the test, go ahead and buy. If it doesn’t, discard it and wait for the next one.
It’s really that simple. Jason Hartman has been doing exactly that for more than twenty years. At www.JasonHartman.com you can learn to replicate his million dollar portfolio investing strategy at no charge. See you soon! Why not right now?
The Creating Wealth Team
