Short spoken excerpt from a YouTube video about real estate investing that cautions against emotional decisions when choosing properties. The speaker warns that choosing a house for its looks can lead investors to miss higher-return opportunities and advises relying on research and numbers—specifically location, comparable sales (comps), and property condition—when evaluating deals.
When you make an emotional decision. This is really the example of the house is pretty versus do the numbers work? And I know that females get the bad rap here most of the time to go, oh, that house is pretty. I really want that. But men do it, too. So I'm speaking to everybody here. I would think probably with real estate, men do it more than women. I'm just saying, want to go for the pretty houses. Sometimes the ugliest house, you know, out there could be the one that is actually going to be the home run. So you really want to make sure that you're taking into consideration everything that Flip has talked about when it comes to evaluating deals and doing the research. The location, the comps, the condition of the property, making sure you really know your numbers, because your numbers is what matters.
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