Archive for November 16th, 2007
Supply and Demand
Friday, November 16th, 2007When it comes to investing in property of any kind, particularly rental property, I make sure my first objective is to get an accurate read on the supply and demand in the area. I’m not talking anything complicated, just basic economics. Supply is defined as the number of rental [...]
The Problem with Gut Feelings
Friday, November 16th, 2007Too many people purchase investment real estate on a hunch or a gut feeling. And while it is important to have instincts, understand that they are the products of experience, not a right of birth. This gets back to the myths. People are not born knowing this stuff. I believe [...]
Swampland for Sale
Friday, November 16th, 2007Next time you drive to work, take your son or daughter to school, or race down a highway you’ve traveled hundreds of times, look to the right and the left. Maybe I should say glance. Repeatedly. (It’s safer that way) But what I mean is this: Take the time to really look [...]
Due Diligence: The Easter Egg Hunt
Friday, November 16th, 2007In Webster’s dictionary, the definition of “diligent” is “prosecuted with careful attention and effort.” But it’s really the synonyms for the word that reveal exactly what is expected during the due diligence period when purchasing investment real estate. The synonyms for “diligent” include “conscientious, thorough, careful, thoughtful, attentive, and [...]
Investment Rental Property Where the People Are: POPULATION
Friday, November 16th, 2007In a world of choices, choose to have your first—well let’s face it, all your investment rental property where the people are! We’ve already established that you need a stable and growing employment base, so it makes sense that you’d also want to be in an area where there are lots of people. People who [...]
Property Big Apple Market Research
Friday, November 16th, 2007At Robert Kiyosaki’s Rich Dad Seminars where I often speak, attendees always ask me, “How do I find good investment property?” This has to be the most commonly asked question, and for good reason. There is a needle-in-a-haystack sort of quality to this whole endeavor, or at least it seems that way, particularly if you’ve [...]
