We all want a good deal, particularly when it comes to our real estate investments and how we define that good deal is very important. We all want less risk and most of us define good deals by how much money and how much risk they take.
After all, there’s more risk involved in spending more money, right? While that may or may not be true, to a large degree, those in real estate investment must be wary of dirt-cheap deals on properties. It's tempting to jump on discounts with the assumption that if something is on sale, then it’s a good deal. Just because you are buying something lower than the advertised price, does not mean it is a good deal.