Do You Have Realistic Investment Real Estate Expectations?
This article will produce a lot of controversy. Oh well, here goes... Many investors that I meet have a high degree of unrealistic expectations. For example. I spoke with a guy that wants a property to cash flow $5,000 per month NET in his pocket after all expenses and loan payment, but, he only wants to invest about $100,000. For those of you with quick math that is a 60% return, just on cash in one year. Folks, this animal is NOT out there. When you find it please tell me. When you walk into a real estate investors office and find a skeleton with a phone up to its skull it is the investor that spent his time looking for this kind of property. Bottom line is, why would someone sell you a property that is producing a 60% return?? Not going to happen. Am I saying settle for LOW returns... NO. Am I saying that there are not any great deals out there... Of course not. What I am saying is you get what you pay for. When you invest $100,000 you can get a great Step 1. Make sure your expectations area realistic....If not go to step 2. Step 2. Wait.
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