Actionable Real Estate Investing

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Actionable Real Estate Investing

Do you have an actionable real estate investment plan?

By GEOFF CAPLAN
Member of the Deerfield Beach Real Estate Investments Club

Most times we ask too many questions and wait till we feel the time is right to invest. The danger in this is getting into analysis paralysis, where you are stuck analyzing without making any action towards real estate investment. If you have been sitting on the fence when it comes to real estate investing or perhaps you want to spend more, then it’s important to know that you should consciously take the leap.

Investing can be rewarding, but you also need to have strategies and discipline. Even though many have made major returns through investing, others have lost almost everything they invested. The difference between these two groups of people mostly lies in their willingness to learn and invest in themselves. In the course of investing, we should not forget to invest in ourselves.

The Best Investment

The best investment you can make is staying informed and educating yourself. While school is important, you also need to carry out your research and analysis before investing. Investing in yourself should be a continuing endeavor. While listening to popular opinion is not bad, inability to study and carry out your own research is detrimental. We have all heard the cliché that Landlords grow rich in their sleep. If you are looking for a passive form of investment, then real estate is your best bet.

In-Demand Properties

Once properties are constructed, you can place them under a property management firm. When the good news about a popular, in demand property is already out, chances are it’s too late to invest. In most cases, we play it safe by investing where we feel comfortable; however, remember that the higher the risk, the higher the rate of return. While things might go wrong, there are times you need to move out of your investment comfort zone and try something new.

READ  Real Estate Investing 101

If you wish to get a higher rate of return, then you need to make bold investments. While the risk is higher, the potential for high returns is also higher.

“Be fearful when others are greedy. Be greedy when others are fearful.”- Warren Buffett 

Herd Mentality

Most people react with the crowd. This is called the herd mentality. In the world of real estate investing, you need to think against the mob. Think against the crowd, and you stand to gain more; otherwise, most people would be rich. Every once in a while, the market does something so stupid it takes your breath away. The fact that in real estate investment and life in general, there are no sure bets. There are times when you have to take the leap and go with your gut instinct. There will be ups and downs, and sometimes this could work to your favor, but you’ll never know unless you make a move to invest.

Real investment requires careful study of the market, proper planning and the right strategies. There is a myth out there that passive investing yields lower returns than active investing. But with the right strategies, this does not have to be the case. With the right strategies, a passive investment can sometimes out-perform an active investment.

#ActionableRealEstateInvesting #InvestmentParalysis #FloridaRealEstateInvestingSchool


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