A year like no other requires the ongoing assessment of the rapidly evolving investment landscape. Next week offers two opportunities for you to interact with professionals who are well-positioned to provide key insights into the current and future potential impacts of the COVID pandemic on your real estate investments.
Applying Timeless Principles From Past Real Estate Rodeos
Owners with heavy leverage have now entered the beginning of a massive, real-life stress test. While only some will pass the test, all will obtain an education.
Real estate investing is like alpine climbing: you don’t want to be in an exposed position when the conditions hit the fan. Contrary to the old adage, location might not be your most critical investment variable.
Part 2 – “Once Starbucks enters the neighborhood, it’s already too late.” Differentiating between lagging and leading indicators of neighborhood transition.
Part 1 – Of all places, lessons from Chicago? Believe it or not, the city of Chicago is an excellent subject for the study of gentrification. Gentrification doesn’t require population growth . . .
Denver’s Capitol Hill neighborhood is a moderately dense missing-middle Mecca which pre-dates modern parking requirements and is anti-fragile to traffic congestion
Part 4 – Here are the final selections from the Prosperity’s Path reading list, created for real estate investors who want to build wealth, and avoid losing it all during ever-recurring market corrections.
Part 3 – Human Behavior & Market Cycles Are we really rational about our investments? Really? Understand the basis of your success so you repeat the right behaviors and avoid costly traps. How to prepare yourself for opportunity by studying past speculative bubbles
Part 2 – Without an understanding of the concepts in these first two books, your ship is sunk before you even leave the dock. They teach a simple story that most people miss, and as a result, spend the bulk of their lives working for money.
Part 1 – For decades, I’ve had investors ask me to recommend a book or two that will help them with their real estate investments. Do you start with narrow, specialized information, or should you first develop a broad understanding of investments and then progress towards real estate-specific information?