- FIND A BARGAIN
Decisions need to be made with a level head, rather than with your emotions. Instead of “falling in love” with a property, examine it carefully and consider practicalities and future prospects.
Real estate investing requires negotiation and bargaining. It is important to know why the vendor is selling, as this will give you insight into making an offer which is affordable and will be accepted. Also look at comparable sales in the area and take market conditions into account. It is best to move on to a more profitable opportunity rather than overpay.