Who doesn’t love a good deal?
With Black Friday and Cyber Monday just wrapping up, we’ve seen just how crazy people can get when they’re faced with the prospect of a good deal. They’ll go to extreme lengths to save money if they think they can.
For real estate investors, we go to our own extreme lengths sometimes. There’s a natural impulse in all of us to look for the best deal and the lowest price. But just like the person who gets punched over a toaster oven on Black Friday, we may find that getting something cheap isn’t always worth it.
Real estate investors: beware of buying properties on the cheap!