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re: Information for my fellow Real Estate Investors

Posted on 2/29/16 at 8:06 am to
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/29/16 at 8:06 am to
Weekday crew?
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73733 posts
Posted on 3/8/16 at 12:41 pm to
top reasons to walk away from a rental purchase

quote:

When you are looking at a deal, you should always ask yourself, “Does this property fit my goals?” If the answer is “No,” then I say you should walk away from it.

Do not become emotionally attached. If the deal doesn’t make sense, do not move forward. Do not buy a property just because you like the area or you like the yard or you like the bedroom. Or because it reminds you of when you were a kid.

Always make your decision based on numbers—not emotions. Always be prepared to walk away and find reasons why you should not walk away.
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