All real estate investors know that your profit is made at the time of purchase and NOT at the time of sale. In other words, it’s the price you pay that determines whether:
1. You are able to manage the property while you own it; and
2. Will determine your profits when you sell it.
Property prices in some parts of the United States have fallen more (as a percentage) than during the great depression. So, there are great deals to be had – or are there? Let’s analyze this in terms of: The Good, The Bad and The Ugly. Continue reading