If the strategy for investing in real estate in 2009 had to be whittled down to one word, it would be this one: “conservatively.” There are a number of differing opinions about when the market is going to rebound, which markets are fundamentally strong and where you should be putting your money. People always argue that one method for investing in real estate is better than another, and of course they support their claim with a bunch of fuzzy math and a laundry list of pros and cons. But how do you really compare investing strategies like “buy and hold” to “fix and flip” or “hard money lending” to “purchasing trust deeds?” In truth, you don’t have to, because they all lead back to the same core investing philosophy: “keep it simple, stupid.” Oh, and also… “keep it conservative too.”
- Invest in What you Know
- Pick a Suitable Strategy
- Get a Second Opinion
- The Golden Rule: Don’t Take Unnecessary Risk!