You should be aware that billionaire property investors love snapping up cheap bank-owned properties.

Even if you not planning to become a billionaire property investor, what is interesting to note is that those billionaires made their fortunes by looking for and buying cheap repossessed and distressed properties, both in residential and commercial sectors.

These are additional traits of billionaires have in common – and each is very easy to copy and use yourself.

Set all emotional influences aside - real estate is a commodity!

When you’re buying a home to live in, it is inevitable that you’ll be swayed by some emotional factors. When you’re buying as an investment, reason and logic must play a dominant role.

Shrewd investors are seldom rushed into purchases but have the ability to act immediately when the right deal comes along. http://www.financeweb.com/

Stay updated on the most recent property trends - stay involved and read everything:

The other trait that more investors share is the desire to be a step ahead of the market. To do that you need to stay updated on the recent property trends in your area and know your market and replacement cost values. wWith the advent of the Internet its much easier to stay in the loop as information is just a click or two away.

If you haven’t already done so, subscribe to our property newsletter – its our job to keep you updated on property trends in La Quinta, Palm Springs, Indian Wells, Palm Desert and Rancho Mirage! http://www.realestateforsaleinpalmsprings.com/

Build a closer relationship with an knowledgeable Realtor in the market areas you are interested in investing.

Another great way to find bargain deals is to build a close relationship with a property expert such as myself. Most of the best property deals are sold before they even reach the market. To get first to those ‘low hanging fruits’ you’ll need to stay in contact on a routine basis. http://www.luxurydeserthomes.com/