Shortcut #1 You’re All Heart
For better or worse, emotions rule many important decisions in our lives.
However, letting your emotions rule over your property investment decisions may be a mistake.
Especially if you discount or skip proper research altogether.
Research should be the first thing you do, starting at the macro level.
- national view – government spending by state, interstate migration, job growth
- new government policies, trade agreements, anything that may shift economic prospects
One part of your research should be looking at overall economic trends.
Know how they may apply to the big picture.
Next, you should also research at a micro level.
This is where you start to pinpoint different areas.
Focus on important data like:
- vacancy rates
- local economy
This is where your research zooms in and starts taking at a closer look at certain areas.