Updated about 2 years ago on . Most recent reply
Does Experience Matter? "Be Greedy When Others are Fearful"
YES! (Please give me your thoughts?)
In this market, many newbies believe the interest rate is too high and do not know how to be creative. If you are nervous about investing it is time to work with a seasoned investor/mentor or RE Broker who has weathered the 18% interest rates and knows how to get creative.
They need to know how to assume, get owner financing, and how to submit 30 offers to get the one good deal - it's a tough market and only the experienced know how to use fear to their advantage.
I love this phrase
- This is why Buffett famously said that investors should be “fearful when others are greedy, and greedy when others are fearful.”
https://www.investopedia.com/articles/investing/012116/warre...