You can succeed in real estate without ripping others off.
To succeed in real estate, there is the pervading myth that you have to rip someone off. Apparently, success is only possible if you cut corners or cheat someone. We’re here to bust this myth. How do you ward against individuals, business, and organizations that have poor intentions? Look at their priorities. What do they claim to value? Is that reflected in how they go about business, how they treat others, how they spend their time?
Examine their priorities and if they follow through.
In some cases, there is a direct relationship between what organizations claim to value and what they prioritize. For example, a company may say they value customer satisfaction. They prove this to be true by responding promptly to customer concerns and complaints, providing support and follow-up on any issue faced by their customers.
In other cases, a company may preach a philosophy but there’s no follow through, or there is a shady element to their processes. A company may say that they value customer satisfaction. However, they don’t dedicate the time and resources to provide it.
There’s no specific blueprint to identifying this other than being critically engaged. Use discernment in everything, especially business, especially in any form of investment.
Use their agendas to your advantage.
Every individual and company exists with an agenda. Some call them mission statements. And in order to properly engage and benefit from those missions, everyone needs to use discernment. While looking for a house, apartment, or investment property, partner with people whose mission is clear and with a track record.
Conscientious people and organizations succeed in real estate.
Some people believe that the only way to make a profit is by buying far below the market value. This is not true. You can pay fair market value and be successful. Use good sense and intuition to make smart decisions when investing in and parting with real estate service providers.