Profit from my real estate investing mistakes.

December 22, 2008 · Print This Article

You have the opportunity to profit from the mistakes I made in my earliest days as a real estate investor. After a few years, I thought I had the Midas touch and every piece of property on which I could lay my hands would turn to gold.
The “Buy-Anything” theory of real estate investing can result in a major disaster. So:
A. Profit from my early mistakes.
B. Study the marketplace. You’ll find that, with each passing week, both your judgment and your confidence will expand. You’ll spot opportunities faster and you’ll know how to take advantage of those opportunities. I’ll show you how to make a “quick study” of the field—“shortcuts,” so to speak, based on my years of experience.
One of the most attractive aspects of real estate investing is that you can base all your decisions on logic. You aren’t a real estate speculator; you’re a real estate investor.
The speculator says, “The roulette wheel has come up red five times in a row. The next spin has to be black.” The logical investor says, “Each spin of the wheel has no relationship with previous spins of the wheel. The next spin has an even chance of being red or black.”
Which of those two is most likely to walk away from the table having lost it all? Speculation is a guess. In fact, among the dictionary’s definition of the word are: “reasoning based on inconclusive evidence and engagement in risky business transactions on the chance of quick or considerable profit.”
Do you want to make decisions based on inconclusive evidence? Do you want to engage in a risky business transaction? Does the word “chance” give you a thrill instead of a chill?
The entire purpose of this material?and my home study course?is to eliminate as much speculation, as much risk, as much chance, and certainly as much inconclusive evidence as is humanly possible. Let the speculators take their chances. You’re an investor and base your decisions on logic.

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