As a real estate investor, you make your living buying houses. However, sometimes the best possible decision you can make is not to buy.
Low interest rates, speculation and a number of other factors are combining to flood the market with REIs, and in a haste to snap up a great deal, a lot of investors overlook the fact that what they’re dealing with may not actually be a great deal.
When Not to Buy
Instead of looking for a reason to buy a property, many experts investors look for reasons not to buy. Those reasons can include:
- The wrong price
- The wrong neighborhood
- An inability to assemble the right team of professionals
- Too much work required
- Too little profit on the horizon
If you have a checklist that helps you decide which properties are worth purchasing, you’ll be able to make the wisest decisions on when to buy and when not to buy.
Being overly eager to purchase an investment property can spell the end of a real estate investing career. In fact, some investors are just one bad deal away from being knocked out of the game.
When to Buy
If a house meets all your criteria, and you’re in the right position to buy it, by all means – go for it.
We can help you get the funding you need to make your next real estate investment.