Episode 14 – Economy Matters + More On The Value Of Going Virtual
Real estate investing is more or less like the monopoly game. You buy whatever you can afford at any time. However, you have to be cautious and alert while investing. On this episode, I talk about why it’s important to pay attention to the economy of whichever state or city you want to invest in and how it could affect your business if you don’t.
ON THIS EPISODE, YOU’LL LEARN MORE ABOUT:
- Why you need to figure out what you’re passionate about in business.
- Why you need to know about your local economy.
- Why you need to know what economic sectors drive the economy in your area.
- The meaning of economic sector.
- Important sectors that you must check in any economy before investing in real estate.
- Why it’s good to have multiple economic sectors in an economy.
- Example of an area I invested in that is somewhat risky.
- Why you need to make sure the population is increasing and not declining in any economy that you want to invest in.