This article is a must read if you are interested in real estate investments

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An honorable member of the Coffee Shop Has Just Posted the Following:

to all my richie sammyboy bros only:


No need to spend thousands of dollars attending seminars. Just need an open mind to observe and learn from others, even their mistakes. Some precious gems that I've learned just from this article. 1. Think long term and be willing to be a contrarian. 2. Have the conviction to double down if the opportunity presents itself. 3. Focus on supply, not demand. Demand is extremely difficult to forecast (but many analysts still most of their time on it. As an example, just look at how they model their spreadsheets which is always built on revenue forecasts). Supply is way easier to forecast. When there is oversupply, price will follow accordingly. 4. Adopt a dual track strategy. Keep some property for long term capital gains, and "Buy, Fix, Sell" for income. 5. Manage your risks carefully and structure your debt properly. 6. Recognise what is the life source of your business / investment and structure it properly. 7. Stay humble. Remember Icarus.

http://www.ft.com/cms/s/0/e2e00d74-e...#axzz44ppHwiTp


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