The Worst Way to Invest In Real Estate

You're thinking of investing in real estate?The markets are slipping; prices have declined in some markets 20% over the last yearwith no bottom in sight - so how do you make money in this downward market?This will be the first part of several articles on how you can still make moneyinvesting in real estate, (I haven't finished the others articles- so not sure how manyparts there will be). The focus of this article is to show you people are still investing and making money in every market. You will still make money in anymarket- but you will need to follow some basic principles and some common sence.Principles I abide by:EMOTIONS:You can not let emotions come into a deal. It is business, if you buy under pressure you will sell under pressure- and lose many. (trust me, I've done it- and itwas an expensive lesson)MARKET VALUE:Buy at or near market value 'hoping' the market will continue to increase, is not investing- it is speculating! Speculators take on risk to make the big bucks for little work (think Miami condo pre-construction craze).Here's a hint- If your hair dresser or taxi cab driver are 'investing' in condo's onspec, do you really think it's a good time to get in? Probably missed the boat- be aninvestor that does his/her research NOT a sheep following the masses.INTERGRITY:If you think you want to be in business for more than 1 deal- always deal on the up and up. I'm not talking about grey area financing- I'm referring to the way you handle each deal. You are buying under market to make money, nothing wrong with that. Lying and/or cheating someone out of their home is wrong- and it will catch up to you.Develop a reputation for being a shyster, and you'll forever need to market yourself- because no one will refer you. Nuff saidGAME PLAN:Go into every deal with an exit strategy. You need to take all factors into account. Most investors buy thinking everything will go smoothly- but in every deal there is always an unexpected turn of events. Banking on the perfect scenario will one day catch up to you- and you will lose money.ACTION:Actions are what count in real estate. "Numbers Game'- so you need to get out there and make offers, (lots) and when you do get a deal it will be due to hard workand persistence. If you think real estate is easy and requires no work- better stayout.MONEY:In any business the less money of your own you risk the better off you will be. Best thing about buying real estate- it can be done with no money! Wholesaling, assumables, subject-to's and certain sandwich lease options are all methods that can be employed to buy with no money down.As a beginner I would recommend limiting risk- no money down and not holding the property in your name- wholesaling.That should give you an insight into what I've done that works in real estate, at amacro level.For more information visit here: http://svenskabostadsfonden.se/