International Real Estate

Real estate markets are in constant flux, moving up and down as the months and years progress. You've probably met some real estate investors who chase the "fast money." As a matter of fact, we guarantee you have. They talk about each deal as if it's the only deal, that it is the one that will make them fabulously rich. When you see them a year later, they're often no better off financially, and still talking about the next deal that will make them fabulously rich. You'll notice they often appear anxious and exhausted. They're really up-or really down.
Worse yet, they often bum the relationship bridges that are meant to sustain their investment systems; they use people until they are done with them and then move on. Recreating their investment systems and relationships as they go along, they never ride the momentum of market fundamentals. Instead, these get-rich-quick artists become very good salespeople, with great stories about how you can join them and become fabulously wealthy. Their stories can be very compelling, even hard to resist. But resist you must if you truly want to make a long-term financial difference in your life and your family's. These short-term investors give real estate a bad name.
At the other end of the spectrum are investors who learn to practise the art of patience. Focusing on fundamentals, not emotions, will soon lead to a much more enjoyable and profitable way of investing. Veteran real estate investors will tell you that it will take at least three years of real estate investing before you start to sec the real fruits of your labour. Make sure you are emotionally prepared for this investment timeline. Also, make sure your other partners, including your spouse, share your commitment to long-term wealth.
In an average market, it takes three years for a property to really start outperforming the market. In a hot market, your results will come more quickly. But the bottom line is simple: Don't quit your clay job thinking you'll be eating your real estate profits in the first few years.
During these first three years of owning a property, you are building a foundation for your investment business. As you build that foundation, based on systems, relationships and follow-through, you will learn what it really means to make real estate investment decisions based on emotion-free market fundamentals.
Hype sells. Your job as a sophisticated real estate investor is to pull back the curtain to see what's behind the hype. Sadly, the real estate market is often manipulated by two key emotions: hype and fear. These two emotions are commonly used to get investors to take action. Free seminars, late-night TV infomercials and syndicated shows that try to convince you a certain city or development is the place to buy into, are all good examples of bad real estate hype. The seminars are free only until the pitch is made to you to buy their products. The infomercials you see on television are typically based on the market realities in the United States.
In fairness, some of the pitches might be good investments. But you'll only know if you do your complete due diligence. Similarly, some of the packages sold at so-called free seminars may be helpfu1. Just don't get caught up in the "there are only nine packages available" baloney. There are always more where they came from, but the promoters are capitalizing on the fear of missing out.
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