REI Tech
“Location, Location, Location” Blah, blah, blah…
Tired of hearing that? Me too. But the reason you hear it so much is that it is so true. Real estate markets are very localized. When you hear that the market across the United States overall is stable, it means nothing.
Some markets could be skyrocketing up. Some might be crashing and burning.
That’s why it’s so important to know your market. Depending on where you are in the market, you will want to adjust your real estate investing style:
- Buy in a market that is rising
- Pay off debt to maintain cash flow in a declining market where you have rental property
- Sell in a market that is peaking, before everyone else catches on
These are just some of the strategies investors use to survive and thrive in different markets. The key to doing well is to know what kind of market you are in.
Data: Not Just Another Star Trek Character
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JP Moses
is a real estate investor in Memphis, TN, with experience ranging from land lording to note buying, rehabbing, and wholesaling. However, wholesaling is the area that he enjoys most and where he bring the most experience and expertise to his students.
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