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 River North Art District, RiNo for short, offers lessons for real estate investors across the country about the importance of street art and eclectic design in attracting new residents into a formerly blighted neighborhood.
Part 2 – Not All That Glitters Is Gold. Although quite an unusual transaction, the sale of the Luther View Apartments in Pacific Beach, CA offers multiple lessons for apartment investors. Adding value with a properly executed multi-party bidding process. The importance of selecting the right buyer. How broker-client brainstorming over tactical options added value.
Part 1 – “Well, I guess it’s a bummer to be you today!” The sale of the Luther View Apartments, while unique, provides multiple lessons for apartment investors about valuation and marketing strategies. Against the odds, the hard truth snatches success from the jaws of failure. Adding value through financial modelling.
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?