FISHING SKILLS WILL LAST YOU FOREVER
What’s better – a fish dinner tonight, or learning how to fish so you’ll never go hungry again? I think you know the answer, but did you know that real estate investing works almost the same way? It might seem more hip or fashionable to purchase bank foreclosed houses (REO’s) and flip them for a profit – but it’s still a one trick pony that will hardly make anyone wealthy!
Most “red hot”, follow the crowd strategies will work quite well quite well for short periods of time- but they can stop working faster than last year’s love affair! Whey is that, you ask? Too many contingencies, that’s why! First, bank mortgages always come and go! Government manipulated interest rates can change overnight and even the fickle public’s perception of value in the housing market can cause total stagnation!
If your goal is to develop a dependable real estate income, you must learn the business of investing! In short, you must learn how to fish! When you learn to fish, you’ll discover that bank financing – whether it’s available or not; won’t slow you down! Interest rates and public opinion will be only topics at the dinner table, but they won’t affect your real estate income one iota! The reason is because the business of investing includes a variety of different ways to profit. If one strategy quits working, there’s a dozen more.



