Real Estate Investors Run Wild-Don't Let Auction Fever Get The Best Of You

Morning Money Show

When it comes to buying real estate at auction, discipline is the key. Keep your emotions under control. Always look at it as a business. Don't get attached to a property. Another opportunity will always come along, that's guaranteed. It's much more important to have a plan and stick to it. When you're working from a plan, you'll feel much more in control and less likely to make stupid mistakes. In addition, when you lose a close auction, you'll be able to shake it off and go on to the next one. You must always remember the tried and true cliche that in real estate the profit is made when you buy the property, not when you sell it.