(Below is an article extracted from my book No B.S. Guide to Property Investment – Dirty Truths and Profitable Secrets To Building Wealth Through Properties)
A friend of mine is puzzled why I keep warning others to beware of buying overpriced properties in an overheated market.
“Didn’t you make your bucks from people who bought recklessly at the last peak of the market?”
“If all buyers are so cautious, where can you find good deals next time when the market crashes?”
I was speechless. You won’t go warning the fish about the bait when you also want some fish for dinner.
And I did make my first bucket of gold buying cheap from owners who bought at the last peak of the market, and reselling their properties later with a decent profit.
Pick only the best
I love to shop in a buyer’s market. But that ......