I like to buy low, sell high, one of the simplest concepts, yet one of the most difficult to master.
-Thao Howell, August MVP
I want to obtain assets while the populous has little or no interest, which creates massive bargains for the astute investor.
For example; I was buying every piece of real estate I could get my hands on from 2009-2012, while everyone around me said, “real estate will never come back”, while looking at me and my husband with abject pity. I also sold my portfolio from 2016-2019 while everyone said, “why would you sell your real estate?!”
I study the cycles and act accordingly (again, buy low, sell high), keeping my emotions in check. While we cannot know the exact timing, it is fairly easy to know when sentiment is low or high in any given sector.
I highly recommend that the new investor educate themselves as much as possible about the cycles and history of any asset that they are considering investing in.
The great investor is one that understands risk vs reward.
The risk is greatly reduced if you buy well below market value. I like to keep an open mind about every asset class and search for the bargains that exist. Then I remain very patient for the reward that is likely to follow if the asset is purchased correctly.
Every new investor would be wise to understand that they know a lot less about buying and managing property than they think they do, which is fine, but they must seek counsel from individuals who are more successful than them and who have been through both good and bad markets.
The wheel does not have to be reinvented if the investor has the humility to seek expert advice.
On a personal note, I greatly enjoy encouraging and helping woman get into, and understand real estate investing. I specifically sought out Your Castle to be my brokerage because they were an investment minded company. To my great joy, they are also a company who promotes, supports, and respects women.
We are grateful for Thao and the way she represents Your Castle. Congratulations to our August MVP!
If you have any investor-related questions for Thao, you may ask her in the comments below. You may also reach her at her contact info:
E: [email protected]