Residential real estate investing is a business activity that has waxed and waned in popularity dramatically over the last few years. Ironically, there always seem to be a lot of people jumping on board with investments like stock, gold, and real estate when the market's going up, and jumping OFF the wagon and pursuing other activities once the market's slumping. In a way that's human nature, but it also means a lot of real estate investors are leaving money on the table.Do you want to learn more? Visit nytimes.com.
By understanding the dynamics of your residential real estate investment marketplace, and acting in opposition to the rest of the market, you can often make more money, as long as you also stick to the real estate investing fundamentals.
Real estate investing, whether you're buying residential or commercial property, is not a get-rich-quick scenario. Sure you can make some fast cash flipping houses, if that's your bag, but that is a full time business activity, not a passive, long term investment. The word "investment" implies that you are committed to the activity for the long haul. Often, that's just what it takes to make money in real estate.
So, while the pundits are crying about the residential real estate market slump, and the speculators are wondering if this is the bottom, let us return to the fundamentals of residential real estate investing, and learn how to make money investing in real estate for the long term, in good markets, as well as bad.