To be a savvy investor, it is critical that you understand the basics of finance, real estate, and economics. By understanding these, you’ll understand why historically the losers in an economic downturn are the speculators. When applied to real estate specifically, that means that the losers are those who invest for appreciation, and the winners, of course, are those who invest for cash flow.
And while this knowledge is crucial to your development as an investor, it is not enough. Contrary to popular belief, knowledge is not power, but only potential power. True power is knowledge applied. Today Matt reminds us why it is so important to take control of our financial futures by investing intelligently in cash flowing real estate. Enjoy!
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