Pros do due diligence, whether buying, holding, or selling. The more you know, the better able you are to decide what you can do, and when you can do it.
Never taking low offers personally, pros respond to any offer.Considering that property is never perfect, pros look for ways to improve value. Pros check and monitor land use, zoning, building code changes affecting physical characteristics, potential changes in related governing laws.
Pros always consider different ways to take advantage of potential assets, such as the investment side of intangibles - a form of sticks - like ad valorem taxes.
When pros want to increase equity, they may pay down the principal on a mortgage – reducing total interest payments, lowering periodic payments, then using their added cash flow to pay down the principal even more.
It’s all about knowing how to do business in the real estate world.