I like to question my customers (in my business) about some of their purchases at different times. I know some of them are buying for their own homes and others are buying for their real estate investing properties. What I like to do is work out for myself, if they know what they are buying is the right type of purchase for their particular property. What I will do is ask them, do they intend to sell or stay in the property? The difference in answers can be amazing. Most are over capitalizing their properties, especially the ones that intent to sell.

If I was intending to stay in my property, I too would not mind spending on some luxury items. But if it was a real estate investment property, then I would have a different strategy.

I think that to get the best gains you need to do the small cosmetic makeovers that do not cost the earth but have the wow appeal to your prospective buyer.

I like to use this exercise regularly. It helps sharpen my thinking. I find I do learn a lot from talking to people who are actually out there doing it. Networking with other like minded people expands your knowledge base quickly and helps with motivation and results as well. You can learn something about real estate investing with out you actually knowing it. That is the real buzz.

Have a great day

To your investing success,