One of the KEY tips I can give any real estate investor, new or seasoned, is to LEARN ABOUT YOUR MARKET. It doesn’t matter where you live or where you’re investing, you’re going to adjust and adapt. This is going to help you create your own market and eliminate your competition.
People always focus on “buyer’s markets, seller’s markets,” etc. These aren’t really factored in your investments if you understand your market and take the time to talk with the seller. For example, a flip can be one of the riskiest investments out there if you don’t understand the area. Flipping without all the facts can lead to market speculation, which is DANGEROUS. Stock marketers speculate, but investors shouldn’t; otherwise, you’ll lose your shirt.
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Good Luck and Happy Investing!