I have not lost my mind. I am not offering a “get rich scheme” or a secret way of “timing the market.” The truth is these teachings usually found at high-energy seminars are full of hot air.
Profiting in investment real estate takes time. There may be a few outliers who tell you how they doubled their money in three months flipping a property, but these are not all that common.
Knowing the real estate cycle can give you a strategy of when to buy, hold and sell as well as what to look for in a potential investment property.
In part one, I provided you an overview of the first two phases of the real estate cycle, recovery, and expansion. Phase 1, recovery, is when the market starts looking better after a recession. You may find vacancy rates decreasing, the Federal Reserve potentially lowering interest rates, and people begin to find jobs.Read More