The Thing About Real Estate Market Trends Is This

The way a newbie and a pro look at trends is markedly different.

A newbie reacts with passion toward one of the two extremes:

excitement or fear.

A pro weighs the news of the trends against what she/he plans to do.So here’s how to think like a pro:

1. What amount of capital or assets do you have available?

You have to know what you are working with first and foremost.

What funds are in savings and checking, what is your usual monthly income, what properties to you already own, do you have any extra vehicles that you don’t need, and any other assets that could be turned into cash?

These assets are what You bring to the table (in the eyes of the bank)

2. What kinds of property would benefit your current investments?

Residential and commercial are the 2 primary types but let’s go deeper. What condition do you want to buy? What use do you want out of it?

Do you plan to purchase and resell? Do you plan to hold and collect rents? Do you plan to hold, rent and then use the equity? or Do you plan to hold and resell…