Cash Flow vs. Profit – Part 3 Of A 4-Part Video Series with Don R. Campbell
Cash Flow vs. Profit – Part 3 Of A 4-Part Video Series with Don R. Campbell

As your real estate portfolio grows, there is always something to keep in mind. Becoming an expert in the area or niche that you’ve chosen to invest in is paramount in ensuring your success in real estate investing. You don’t want to spread yoruself so thin that you can’t manage all of your investments or you accumulate investments that aren’t performing for you. A bigger mistake is putting your resources in so many different locations and asset classes without becoming an expert on a single arena first. Here’s an analogy from a great Warren Buffet quote: “Put all your eggs in one basket… then watch that basket. Own that basket. Know it inside out.” Be an expert in one area. Set yourself up for success.

As an investor, you need to find where the starving market is. The economic fundamentals that drive the housing market in a certain geographic region are going to determine where you want to focus your efforts. Find out where new jobs are going to be created, see what kinds of services and new stores are planned for a new development area. Doing your due diligence on these matters is going to give you an idea of where you can expect cash flow and profit for your benefit.

In part 3 of this video series from my presentation at Greg Habstritt’s Engage Today 2010 event, I give you a breakdown of the CPR of any business (Cash Flow, Profit, Revenue) and how you need to differentiate but be mindful of all three of these differences. Grab your pen and paper for some detailed note taking, click play and enjoy the third part of this video series.

Click here for Part 1 – Click here for Part 2

Cash Flow vs. Profit – Part 3 Of A 4-Part Video Series with Don R. Campbell was last modified: November 12th, 2010 by maddy
 

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