/biz/ - Business & Finance

2
7
/
4
/
5
/
1

If you aren't going to invest in a down market, then you will never make money in any market.

>>1603476
Not OP, but can anyone recommend more books on buying houses for renting/flipping? Already read 0-130 Houses in 3.5 but that book is kinda skimp on details like: house selection, buying foreclosed, fixing up rentals, maintaining them, etc.

Also he admits he only got that many houses because he was super fucking lucky in the beginning. Combination down housing market and first few purchases were deals placed on his lap by fucking idiots. Also he becomes highly leveraged to buy these expensive fucking houses. I'm not advocating being a slumlord but fuck man he had more than like ten mortgages at 200,000 tied to his rental business. If he hit a bad streak he could have been drowned in debt.

Try reading 'Zero to One', basically it talks about how the .com bubble created a dogma that is generally bad or should atleast be questioned when approaching building a startup. It's very contrary and interesting to read. You can get free PDF version from MIT website and it's a pretty short read.

Someone else on here sugguested I read 'A Random Walk Down Wallstreet', so I'm about three hundred pages in that. Basically it talks about creating strategies or indexes for buying/exchanging stocks in your portfolio annually. The guy seems quite knowledgable and he uses fifty years of market data to test winning strategies while giving you the actual numbers.

Also buying purely speculative entities with no profit generation behind them is for dumb teenagers. http://www.makeuseof.com/tag/need-know-investing-cryptocurrencies/