Chapter 10
Location, Location, Value
IN THIS CHAPTER
Choosing your investment area
Looking at what makes a good investment location
Discovering what’s in your own backyard
Comparing neighborhoods
Getting to know seller’s markets and buyer’s markets
As the well-known real estate saying goes, “The three most important factors to success in real estate are location, location, and location!” There is a strong correlation between the location of your real estate investments and your financial success. And we firmly agree that the location of your real estate investment is critical in determining your success as a real estate investor. But we prefer the phrase coined by Eric: “Location, location, value.” This revised adage clearly emphasizes location but also stresses the importance of finding good value for your investment dollar.
Merely owning real estate isn’t the key to success in real estate investing; acquiring and owning the right real estate at the right price is how to build wealth! ...
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