How many Properties do you look at before Buying?
Hello everyone,
I am new to real estate investing, and have been reading some of Robert Kiyosaki's books on investing.
For real estate, he says he follows the 100 to 10 to 3 to 1 method. He looks at 100 properties, makes offers on 10 of them, gets 3 of them accepted, and purchases 1 property.
What do you guys think about the system he uses? How do you guys go about viewing and buying properties?
Best,
Hermilo
Most Popular Reply
Try to take what RK says with a grain of salt. That goes for any of the so-called "gurus". In my market there aren't 100 properties to look at. I look at enough to give me an idea of whats out there and I have my investment criteria. When I find a deal that works I make an offer. That could mean looking at two properties and putting an offer on one. I may look at one property and make an offer. Who wants to look at 100 properties just to settle on one? I personally dont have that kind of time.