Many investors have lost money as a result of the interference of their emotions, many have also lost out on good deals because of these same emotions. For example, an investor might think that by buying a foreclosed property, he is putting someone out of their home. This is not necessarily so because in truth, by the time foreclosed properties/houses are sold, the occupant is long gone and possibly settled elsewhere.
Here’s a simple advice for investors, real estate investment like any other business must be done with a clear head devoid of emotions of any kind. Investors should be wary of property deals that look too good to be true because in cases like that, they usually are. If you invest in a too-good-to-be-true deal out of excitement, you might end up losing money. Read More