The Difference Between a Good Price and a Good Deal
One of the biggest lessons I've learned is that not every property is a good investment—just because it's a good price doesn't mean it's a good deal.
Before moving forward, I always encourage investors to ask themselves:
• What's my exit strategy?
• What's my renovation or construction budget?
• Do I have enough room for unexpected expenses?
• If the market changes, does this deal still make sense?
The investors who consistently grow their portfolios aren't always finding the "perfect" deals—they're making disciplined decisions and sticking to a plan.
Out of curiosity, what's the biggest lesson you've learned from a deal that didn't go as planned?