It has been said that the most successful people in business make decisions quickly based on the information that they have at that moment. This is especially true in the current real estate market. If an investor takes too long to think about a deal, it will be gone. Along the same lines, the speed of implementation will bring you great success as well. If you think too much or wait too long to implement a plan, you can miss out on the greatest opportunities. Some one else is right there ready to take action. So, be confident and Do Your Best NOW!
In the current real estate market, the banks are holding thousands of properties that they have already foreclosed on in their portfolio or selling off the properties in bulk to hedge funds. Prices are being driven up and inventory is low. In addition, they are not negotiating much on the pre-foreclosures and short sales. You must be knowledgeable about the pricing in the markets that you choose to work in. There is little time for analysis.