The very term real estate investment carries with it an element of risk.  Doing your homework before you invest will make the difference between whether you are gambling and taking a calculated risk.  Only you are responsible for your due diligence to make sure you buy a money maker rather than a money pit.

It is necessary to be informed but that can also be confusing. One “expert” says buy and the other says sell.  How do you know who to believe?  The expert who says to buy because the market is so good was the same one who told you the sky was falling and to sell everything just last year.  The best way to pick a winner is to look at their track record.  If he puts his money where his mouth is and has been successful over the years he has more credibility than the guy who teaches to ‘do as I say and not as I do.’  It’s easy to be lead by the market and panic if you don’t really know how it all works. If they haven’t charted the underpinnings of the market they don’t know a whole lot more than you do and will react rather than respond to the inevitable fluctuations.

The proof really is in the pudding and you can’t argue with success.  The best prediction of the future is the past. If your expert has done well for himself then he is worth listening to.  Only you will win or lose on your investments so the buck quite literally stops with you.

Rhonda Hoffman

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