Why You Should NOT Always Hunt for Deals

John Sonmez tells us why you shouldn't ALWAYS hunt for deals. Think this is bad advice? Listen up.

John himself typically buys at market value. Why? Because he knows the time value of money, and utility value of money.

Now – if you're a green investor, hunting for deals can be really beneficial. That extra cash savings can make an impact when you are tight and just getting started.

But if you're not hurting for cash – you have a full time job that pays well, or are a seasoned investor – spending your time hunting for deals to save $10k here and there just isn't worth your time. Hunting is time and effort intensive, where you could instead spend your time building your business.

Think: in 15 years will it make a difference if you paid $90k or $100k? Pay the difference and keep your TIME.

John plugs what he calls the “Warren Buffet way of investing” instead of hunting: if the fundamentals are solid, it will eventually be worth more money.