{"id":2395,"date":"2007-12-19T19:05:18","date_gmt":"2007-12-20T02:05:18","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2395"},"modified":"2007-12-19T19:05:18","modified_gmt":"2007-12-20T02:05:18","slug":"the-perfect-real-estate-investment-vs-a-million-monkeys","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2395\/the-perfect-real-estate-investment-vs-a-million-monkeys\/","title":{"rendered":"The Perfect Real Estate Investment VS A Million Monkeys"},"content":{"rendered":"

Dear Real Estate Investor:<\/p>\n

Times are tough. Did you think sooner or later they wouldn’t be? Is that why you’re spinning yer wheels searching for the perfect property in the A+ location, priced under the market? <\/p>\n

Are ya leaving milk and cookies on the table for Santa next Monday too? <\/p>\n

Take a minute and breathe deeply the gathering… Oops, sorry, had a 70’s flashback. Let’s start again.<\/p>\n

We’ve all seen investors who’ve been fairly successful. Ever found one with a portfolio acquired only in boom times? Silly question isn’t it? When did they buy, making their biggest long term hits? Wait for it — here it comes — in the down times<\/strong>.<\/p>\n

Next, ask them how many perfect properties they own in the best locations possible. The answer to that question, after they stop chuckling, is a big fat zero, zip, nada. <\/p>\n

Besides, if you actually found that property, you couldn’t afford it anyway. \ud83d\ude42<\/p>\n

Invest in properties in solid growth areas<\/em>, where jobs are plentiful and the other fundamentals are in place and for real. Buy them when the times are tough — hey! that’s now. Make sure you can use reasonable leverage with old fashioned loans. Demand they break even or better before tax, and cash flow easily after tax. <\/p>\n

Don’t insist on staying local, as your market probably sucks more than a new Dyson. You already know that though, right? So what’s the problem? You think you’re better off being able to drive by your property? Do you wanna drive by mediocre or occasionally fly to excellent and stellar? Is the decision really that difficult?<\/p><\/blockquote>\n

If this doesn’t come across as written by Captain Obvious — read it again. The differences between highly successful real estate investors and the rest of the crowd makes for a long list. The two biggest differences providing the most profitable impact? <\/p>\n

Successful investors don’t need perfect properties — and they buy in buyers’ markets whenever possible, as much as possible.<\/strong><\/p>\n

This isn’t from the third tablet Moses lost on the way down the mountain that day so long ago. Buying in a buyers’ market isn’t a genius Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dear Real Estate Investor: Times are tough. Did you think sooner or later they wouldn’t be? Is that why you’re spinning yer wheels searching for the perfect property in the A+ location, priced under the market? Are ya leaving milk and cookies on the table for Santa next Monday too? Take a minute and breathe […]<\/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":[8,5,28],"tags":[],"class_list":{"0":"post-2395","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-real-estate","8":"category-retirement","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1752,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1752\/wagging-the-dog-at-the-carnival-of-real-estate\/","url_meta":{"origin":2395,"position":0},"title":"Wagging the dog at the Carnival of Real Estate","author":"Greg Swann","date":"August 6, 2007","format":false,"excerpt":"Our policy is that Cathleen Collins chooses our nominees for real estate carnivals. I trust her to be objective, particularly about my posts. The contributors are polled for nominations on Saturday night, with their suggestions going to Cathy. Sometimes I overrule her, and sometimes she asks me to cover for\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2139,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2139\/real-estate-perfect-storm-warning-do-not-miss-this-window-of-opportunity\/","url_meta":{"origin":2395,"position":1},"title":"Real Estate Perfect Storm Warning: Do Not Miss This Window of Opportunity","author":"Cooksquared","date":"October 31, 2007","format":false,"excerpt":"One very unique thing about investing is the valuation process.\u00a0 While there are numerous ways to value an investment, the only true measure is what it can be sold for.\u00a0 While I can say a piece of property is worth $1 million, if it does not sell at that value\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":405,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/405\/blogoff-post-28-timid-investor-lost-chance-for-large-rental-home-gain\/","url_meta":{"origin":2395,"position":2},"title":"Blogoff Post #28: Timid investor lost chance for large rental home gain . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is from my Arizona Republic column, a sad story about an investor who let a small fear lead to a huge loss:In July 2004 I was working with a potential investor. She was prosperous and well qualified, and she was buying at a time when a nice rental home\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1128,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1128\/single-property-weblogs-our-latest-vision\/","url_meta":{"origin":2395,"position":3},"title":"Single-property weblogs: Our latest vision","author":"Greg Swann","date":"March 9, 2007","format":false,"excerpt":"I've been slugging away for days on a new single-property weblog for 909 West Culver Street in Phoenix. Sandboxed for now, and who knows if the extra searchability will matter. The ease of editability for people who aren't me is a huge bonus. The idea of using WordPress as a\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/128\/money-is-the-perfect-gift\/","url_meta":{"origin":2395,"position":4},"title":"Money is the perfect gift!","author":"Greg Swann","date":"July 24, 2006","format":false,"excerpt":"Money is the gift that keeps on giving in the Valley of the Sun:Surprise tops U.S. in job growth 'Money' confirms it: Avondale is hot Technorati Tags: arizona, arizona real estate, phoenix, phoenix real estate, real estate, real estate marketing","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":715,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/715\/the-perfect-clientvendor-relationship\/","url_meta":{"origin":2395,"position":5},"title":"The perfect client\/vendor relationship . . .","author":"Greg Swann","date":"November 29, 2006","format":false,"excerpt":"\"Tell you what, I'll focus on keeping my clients incredibly informed. You focus on keeping yours in the dark. See you at the finish line.\" -- Mike Simonsen, Altos Research Real Estate InsightsBreathtaking sanity -- and they're coming to Phoenix! 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