Travis White Newport Beach - Simple Steps to Reaching Your Real Estate Investment Dreams

Page 1

Travis White Newport Beach - Simple Steps to Reaching Your Real Estate Investment Dreams During times of economic uncertainty people are more prone to look for social proof before making a decision. Social proof happens when people use the actions of those around them to decide what action they will (or will not) take. When they see or hear about others doing something they begin to feel that the same action is the correct course for them to pursue as well. This is also called "groupthink" or the "herd mentality." And this phenomenon is plainly demonstrated over and over in the real estate market. The media amplifies fear or greed in the market and people see the media reports as social proof. But here's the good news: to make money in real estate you just have to figure out which direction the herd is stampeding and structure your deals accordingly. If the "herd" is moving away from the real estate market due to fear, it means there are some remarkable deals out there to be had. Who doesn't want to get in on a deal before others become aware of its potential? The first to recognize an opportunity will usually pay less, have the best choices, and ultimately have the most power. These same principles should be applied to the real estate market.

Step 1. Where are you going? Know your goals. When you know the destination, it becomes easier to map out your journey. You need to know what your ultimate goals are before you ever buy your first property.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.