Ron’s sayings and things # 2,857 to make you a better real estate investor.
This is one of the fundamental real estate investment concepts that most people seem to misunderstand or to miss apply to themselves. Buy low and sell high plays a part in this concept. It sounds easy enough but the application of this wisdom contained in the instructions is a complex concept. To do this you must understand market fundamentals and take your time to study who the pessimists are and who the optimists are. When the market is ugly and no one wants to be a real estate investor, foreclosures are everywhere, and everyone who has something to sell and there are no buyers or very few who want to buy real estate because of the general state of the economy. In this market the pessimists are ruling. The trick is to buy something that you can fix or that is in need of the specific skills that you can easily provide. Continue reading Buy from pessimists and sell to optimists