{"id":1376,"date":"2007-05-02T10:30:20","date_gmt":"2007-05-02T17:30:20","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1376"},"modified":"2007-05-02T10:30:20","modified_gmt":"2007-05-02T17:30:20","slug":"real-estate-investing-for-retirement-the-human-factor","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1376\/real-estate-investing-for-retirement-the-human-factor\/","title":{"rendered":"Real Estate Investing For Retirement &#8212; The Human Factor"},"content":{"rendered":"<p>In the real estate investment side of the biz, everyone wants to talk endlessly about where to invest, how to invest, the best way to analyze the various investment factors, what needs analysis, and the rest. However, the most common factor left out of the process is the human factor.<\/p>\n<p>How is the human factor described in the real estate investment process? <a title=\"comfort zone\" href=\"http:\/\/www.bawldguy.com\/whats-your-comfort-zone\/\">Comfort zone<\/a>.<\/p>\n<p>There are any number of issues that can cause investor anxiety.<\/p>\n<ul>\n<li>Not fully understanding the loan itself or the loan process<\/li>\n<li>The size or lack thereof of the down payment &#8212; sometimes size matters<\/li>\n<li>Acquiring property out of town, even out of state &#8212; &#8220;I can&#8217;t drive by!&#8221;<\/li>\n<li>Tax deferred exchange worries &#8212; &#8220;What if something goes wrong?&#8221;<\/li>\n<li>The timing of the acquisition &#8212; &#8220;Isn&#8217;t this a bad time?&#8221;<\/li>\n<li>Just making investment decisions about when, where, why, and how<\/li>\n<\/ul>\n<p>Most of the time comfort zone issues can be either minimized or eliminated by filling in areas of ignorance. I remember a client who was very afraid of investing out of state because if a tenant moved out she&#8217;d have to fly there. Obviously we hadn&#8217;t talked too much about out of state investing at this point. She was pretty anxious about it though, and was dead set against even considering such a thing. Once we explained the management team we had in the cities under discussion she relaxed a little. When we immediately called one of the management company owners (on speaker) and discussed the process her whole countenance changed. She now owns several properties in another state.<\/p>\n<p><strong>There&#8217;s nothing more soothing to a comfort zone violation than a knowledge injection.<\/strong><\/p>\n<p><img decoding=\"async\" align=\"left\" alt=\"hypodermic\" src=\"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2007\/05\/hypodermic.jpg\" \/><\/p>\n<p>Of course, the problem our San Diego clients face is there&#8217;s no real upside to investing locally. It&#8217;s not that in the next 5-10 years our local income properties won&#8217;t experience appreciation, because they will &#8212; <em>it&#8217;s a given<\/em>. But when was the last time you heard an investor talk about the great investment opportunities he uncovered in San Francisco residential income property? San Diego isn&#8217;t quite at that level yet, but they might as well be. When there are half a dozen areas within a couple <a href=\"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1376\/real-estate-investing-for-retirement-the-human-factor\/#more-1376\" class=\"more-link\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the real estate investment side of the biz, everyone wants to talk endlessly about where to invest, how to invest, the best way to analyze the various investment factors, what needs analysis, and the rest. However, the most common factor left out of the process is the human factor. How is the human factor [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,5],"tags":[],"class_list":{"0":"post-1376","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1788,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1788\/thomas-sowell-housing-woes-caused-by-land-use-restrictions-and-federal-micro-management-of-lenders\/","url_meta":{"origin":1376,"position":0},"title":"Thomas Sowell: Housing woes caused by land-use restrictions and federal micro-management of lenders","author":"Greg Swann","date":"August 11, 2007","format":false,"excerpt":"Hoover Institute Economist Thomas Sowell:Amid all the hand-wringing and finger-pointing as housing markets collapse, mortgage foreclosures skyrocket, and financial markets panic, there is very little attention being paid to the fundamental economic and political decisions that led to this mess. The growth in risky \"sub-prime\" mortgage loans by people buying\u2026","rel":"","context":"In &quot;Investment&quot;","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1243,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1243\/my-short-list-of-real-estate-carnival-candidates\/","url_meta":{"origin":1376,"position":1},"title":"My short list of real estate carnival candidates","author":"Greg Swann","date":"March 31, 2007","format":false,"excerpt":"I am continually amazed at the people who write for BloodhoundBlog. Day after day they knock me out, but it's always late Saturday or early Sunday when I am most impressed. Why? That's when I have to make my short-list of candidate posts for the week's real estate carnivals. Cathleen\u2026","rel":"","context":"In &quot;Blogging&quot;","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4234,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4234\/august-was-a-great-month-for-real-estate-sales-but-when-40-of-buyers-are-pushed-off-the-playing-field-home-prices-could-plummet\/","url_meta":{"origin":1376,"position":2},"title":"August was a great month for real estate sales, but when 40% of buyers are pushed off the playing field, home prices could plummet","author":"Greg Swann","date":"September 6, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0August was a great month for real estate sales, but when 40% of buyers are pushed off the playing field, home prices could plummet We won't have reliable numbers for a few days,* but preliminary results leave\u2026","rel":"","context":"In &quot;Investment&quot;","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":187,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/187\/be-it-ever-so-humble-investment-value-takes-time-to-accrue\/","url_meta":{"origin":1376,"position":3},"title":"Be it ever so humble, investment value takes time to accrue&#8230;","author":"Cathleen Collins","date":"August 8, 2006","format":false,"excerpt":"Yesterday, a counterpoint frequent-visitor asked me, by commenting on my Is the Blame Game best played solitaire? article, So tell me, should one buy a home in Phoenix right now if they know they have to sell it within three years?To which I replied Now is certainly a good time\u2026","rel":"","context":"In &quot;Investment&quot;","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1260,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1260\/ask-the-broker-asks-the-audience-how-best-to-invest-an-unexpected-windfall\/","url_meta":{"origin":1376,"position":4},"title":"Ask the Broker asks the audience: How best to invest an unexpected windfall","author":"Greg Swann","date":"April 3, 2007","format":false,"excerpt":"Another question requiring expertise far beyond a broker's license. Fortunately we have two great investment writers, three off-the-charts lenders and a readership of very prosperous people. Here's the problem:I have come into a situation, and was wondering if you could give me your opinion. I have recently come into an\u2026","rel":"","context":"In &quot;Ask the Broker&quot;","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":645,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/645\/home-buyer-always-liable-for-mortgage\/","url_meta":{"origin":1376,"position":5},"title":"Home buyer always liable for mortgage . . .","author":"Greg Swann","date":"November 17, 2006","format":false,"excerpt":"This is my column from today's Arizona Republic (permanent link). No fireworks, today, just real estate. Home buyer always liable for mortgage I got a great question by e-mail. It's really a lender question, but it introduces a number of interesting topics. \"Are homeowners personally liable for their mortgages? If\u2026","rel":"","context":"In &quot;Ask the Broker&quot;","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1376"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1376\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}