The Two Kinds of Investors

There really are two kinds of real estate investors out there - the opportunists and the real ones and it's important to know which group you belong to.

THE OPPORTUNISTS: believe that someone must fail in order for them to succeed. These people are lying in wait for foreclosures. They say things like, "Well, the bank doesn't want a house, does it? Then it should be willing to give it to me for ....." and they quote a ridiculous price. Usually 50% under market.

THE REAL INVESTORS: understand that value is inherent (or can be added) and so it doesn't hurt the transaction to let someone else get a piece of your profit. This is the way alliances are created that can lead you to greater successes than any one fantastic deal will.

Personally, I don't like the opportunists and try hard not to be like them. There isn't a limited number of resources out there. Figure out a way to make both parties in a transaction happy and you'll feel better about being an investor. Leave something for the other person and your success will soar.