Every apartment investor wants a good deal. But a good deal for one investor may be a poor choice for another investor. Here are four categories of “good deal.” Which one is right for you?
“Take what you want but pay for it.” ~ Spanish proverb It would be wonderful if we didn’t have to pay the cost, if we could just take what we want. But the universe doesn’t work that way. That’s true for monetary costs and it’s also true for the trade-offs that come with every decision…
“How do I know when it’s time to sell?” That’s a common question when I speak at a group of landlords or investors. The short answer is: “You can’t.” There’s no magic formula. You’ll never have perfect knowledge. You can never “know.” You must decide. Sometimes, the decision almost makes itself.
“Wisdom is the ability to recognize, and the inclination to choose, the highest and best goal, and the surest means of attaining it.” ~ J. I. Packer
Income and wealth inequality have grown in the last fifty years. On National Public Radio a professor in favor of inclusionary housing dismissed the data which seemed to say inclusionary housing policies decreased the rate of construction in the inclusionary housing zone in relation to the broader marketplace. I’ve heard many people do the same.…
You can’t have a conversation about the housing situation in California today without the words “shortage” or “crisis.” National media love to write about our “astronomical” housing prices and rents. Unfortunately, the crisis is real, and Californians don’t seem to have the political will to do anything to solve it.
In residential real estate, the three most important things are…What are the three most important things in apartment investing? If you said location, location, location unfortunately you’re wrong, wrong, wrong. This truth is a shock to most new rental owners. But if you understand why, you can make more profitable apartment investments.
Great apartment investors differ from other investors. For a generation, I’ve served 200+ successful investors and 2000+ others who never closed any investment escrow. These five major differences set great apartment investors apart from the pack.
The three most important things in real estate are location, location, location. We have heard that claim all our lives. So why do fewer than 10% of the apartment transactions happen in the glamourous zip codes? Are rich people dumb about investing, or is there more to the story?
Charles and Lizzie are some of the smartest people I’ll never close with. Both were the brightest and hardest working kids in the class. This true story is not told to impress you; it is to impress upon you that wise expectations and appropriate behavior can bring superior results.