So you took the plunge. You’re officially a real estate investor! First of all, congratulations. You’ve begun your journey towards financial security — and freedom — for life. If you’re like most new investors, you likely feel nervous along with excited. After all, you just made a massive financial commitment. What if it doesn’t work out? What if you do something wrong? You don’t want to ruin your investment!
As a real estate investor, you are acutely aware of the ebb and flow of the real estate market whether you realize it or not. While you may not study the market specifically, you do understand sentiments and trajectory. Most of us have a sense for when a market is moving in the right direction and when it isn’t — though we don’t always know the words to describe it or what the real factors are in determining the health of a market.
If you were to be asked on the street what you thought the best long-term investment was, what would you answer?
The old adage says that time is money. Real estate investors know just how true this is. It’s a time-consuming business, particularly as you grow and strive for personal success. However, real estate investors don’t have to break their backs or sacrifice all of their time and energy in the pursuit of their investments.
When we hear about credit, we often hear the negatives. We ourselves have warned against credit card debt on this very blog. However, credit in itself is not always a bad thing. Just like anything in the world, responsible, informed use of credit cards and be advantageous to your investment career.
So far, most of the buzz in Texas has been centralized to Austin and Dallas. However, Houston is experiencing some real estate and economic buzz that is worth mentioning. As we head for the middle of 2019’s third quarter, it’s valuable for investors to step back and evaluate both the markets they’re involved in as well as those that show promise and opportunities for the future.
There’s no shortage of hype in the real estate investing world. We know that just by looking at headlines! Everyone is always searching for the next big market, the hot new trend, and the strategy that will make money fast.
Topics: real estate market