Buy a property whereby u can either....
add value from day one
get a very high yielding (rent return)
buy it under market value
long term growth potential.
All 4 are some examples of ways to do well out of property investment.
Some cross over but in essence their needs to be a reason to buy.
Remember the sellers reason to sell is different to your reason to buy, you are coming into the equation from different view points.
Whether the market is good or bad make very little differnce if you buy for the reasons above.
in fact, a case could be made that more properties are available and easily accessible in a slowing market.
Rememeber the houses are the same as they are in a bullmarket, on the sentiment changes.
Warnie
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