In real estate investing, you will hear constantly "buy undervalued properties." This makes sense, but there is more to it than just buying an inexpensive property. Far too many times we've seen investors purchase properties 30 percent below market value that turned quickly from dream deals into a total nightmare.
Many real estate books and media sources make very general statements about real estate markets and their current economic conditions. The key for real estate investors is to drill down to the specific segment of the market the individuals are speaking about, and determine whether it applies to the class of property they own.
Investor and author of "Buy It, Rent It, Profit!" Bryan Chavis shares a few examples from his own experience.
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