Cash Flow Guys Podcast
155 - How To Bankrupt Yourself Quickly
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:23:39
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Sinopsis
Everyone is in fear of missing out, even though the talk on the street is that a real estate market correction is imminent. By now I would think people have gotten the message and would not keep getting caught up in the same hype. FOMO (Fear Of Missing Out) remains alive and well in the real estate investing space due to tons of careless buyers not doing the math before they buy. They trade basic financial logic for the thrill and excitement of buying an over-valued property. To some degree, the Brokers and Wholesalers share part of the blame by providing inflated estimates of value and inaccurate income and expense information to potential buyers. If a buyer is naive enough to believe the data presented as accurate without further verification, they must be willing to accept the majority of the blame (if not all) “Off Market” is a LIE, Off-Market often stands for “it costs more” because off-market lacks the checks and balances. Let’s be honest with ourselves, if it’s For Sale, it is On Market. OFF Ma