Hello!
When I invest in these rental properties, they are not always in the highest classes of neighborhoods. They’re really not. So, I want to make a point to people who want an affordable investments: Just because you wouldn’t live there doesn’t mean its a bad investment. You have to evaluate all the options, all available neighborhoods, mitigate all obstacles, and realize that these numbers for cash flow are amazing. Sometimes, in business, you really have to take the human or heart factor out…In business. Not in your personal life, but in business, yes. You can still be ethical, but you need to treat your business like a business, not a charity case. Do your due diligence and this can be the best investment strategies you have embarked on.
You living in a neighborhood shouldn’t completely make up your judgement on where to invest. It can be a part of it, but to make it 100% of your decision isn’t being savvy. Its like only buying stocks when the market is rallying, when you KNOW you should have purchased those stocks at the bottom of the market…But, if everyone was good at business and stocks, we wouldn’t have so many people losing their pensions. This is the world we live in where you have to keep that in account.
Watch This Video For Free By Signing Up For My 12 Week Newsletter Series Or By Supporting Me On Patreon For As Little As $1 A Month to view them all now!
Lisa Phillips Check me out on Itunes and my Youtube Channel, which is an easier way to view all the content here, and also on Google + Page, which is an easy way to view all the content in chronological order. And dont forget Twitter, Facebook, and BiggerPockets. Thank you all so much! Please remember, if you want to submit a question, please send and email titled “Audience Question” to LisaPhillipsREI@Gmail.com If it doesn’t say that in the subject line, its easy for me to overlook it as SPAM and get deleted. *****Don’t forget to like and comment! I need your participation to make sure I can keep providing great content to help you in your real estate investing career! 🙂 *****