Alligators In California? Real Estate Investment Property Eating Away At Would-Be Profits?
How did we get Alligators in California? I'll tell you how. Properties that won't sell eating away at pure real estate investing profits. On the market for months and no deal yet. Monthly payments, taxes, utilities, insurance. Ouch!! What A Nightmare!
Robert Kiyosaki talked about alligators that just keep eating and eating away at would-be profits and he's right. But is real estate investing dead in California? Not by a long shot. How about the rest of the country? The old "As California goes, so goes the country" right? The great thing about investing in real estate is that there is always an opportunity to be had right around the corner.
You might ask, "Will we invest the same way we did when these same properties were selling in hours or days, not weeks and months?" The answer is "A big fat NO!"
Another question to consider, "Will we be more cautious?" A resounding "Absolutely!"
The key to investing in a market with so many Alligators is to buy right and buy smart. Buy right and you won't be so concerned about the sale. Buy right and you can move your property to another investor or just offer it well below market value to a homebuyer. The buyer is thrilled because they get a great deal and you have plenty of wiggle room and still come out ahead. Buy smart and consider the timing. You may find that Alligators in California, or anywhere else in the country for that matter, creates many motivated sellers. Find a way to solve their most pressing problems that will also make sense for you and you will create a stream of income that overfloweth.
Buy right and you control the deal instead of the deal controlling you. If you bought too high then the alligators are after you. If you have made this mistake then you know it because the tell-tale sign is that your profits are widdled away every month and there is no end in sight. Is your property cash-flowing or costing you every month? Do you have a viable exit strategy or are you fretting as the market ebbs and flows? If you answer the latter then you have Alligators wherever you are.
I have had my share of nightmares in the real estate investing business and some of them included alligators but I will tell you that when you buy right and buy smart, the nightmares go away and so do the Alligators.
Take Care and Invest Smart.
Author Bio:
Michelle Rene Garcia is the Founder of www.AvoidRealEstateNightmares.com, an investment training company that provides monthly resources for real estate investors looking to protect their wealth and make wise investment decisions to build their fortune. Please visit Michelle at avoidrealestatenightmares.com/visit
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