As promised, here are my Golden Rules of Real Estate Investing that will keep you safe in any market – up, down or sideways:
- Invest – never speculate
- Cash flow – first and foremost
- Right property; right market
- Due diligence – property and manager/joint venture partner
- No solo – don't try this without a mentor or coach
Simple, but straightforward. I see at least one of these rules broken by wanna-be real estate investors every week.
Why…? We don't know what we don't know.
Real estate is the best asset class for building wealth and passive cash flow…but you need some guidance on the process.
If you don't want to take the trouble to orchestrate your own financial future, you can try Wall Street. 🙂
To your freedom,
David
P.S. If you'd like to go deeper into the subject of real estate investment for a Plan B wealth-building and passive cash flow alternative to Wall Street, check out my virtual online training “Passive Cash Flow Generator.” It's not too late to get in!
www.FreedomFounders.com/RealEstateTraining
One thought on “My Golden Rules Of Real Estate Investing”
Possible Rule #6: There is always something new to learn, virtually each and every day. Embrace the opportunity to keep growing. Accept the fact that no one knows everything about real estate, and never will, no matter what they say or may claim. Ironically, that’s great news, as this business will NEVER get boring!