{"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_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":"","jetpack_post_was_ever_published":false},"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":1685,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1685\/real-estate-investing-vs-stock-market-investing-is-there-a-clear-winner\/","url_meta":{"origin":2395,"position":0},"title":"Real Estate Investing vs. Stock Market Investing- Is there a Clear Winner?","author":"Cooksquared","date":"July 23, 2007","format":false,"excerpt":"Real estate enthusiasts have been sounding their trumpet during the latest run in the real estate market. Many real estate focused investors truly believe real estate outperforms every other investment by a wide margin and even go as far as to wonder why investors would choose any other investment vehicle.\u2026","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":2913,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2913\/who-knew-it-turns-out-condotels-stink-as-a-real-estate-investment\/","url_meta":{"origin":2395,"position":1},"title":"Who knew? It turns out condotels stink as a real estate investment","author":"Greg Swann","date":"April 7, 2008","format":false,"excerpt":"\"Hey, pal, let's make a deal. You can be in the taxi business just like that! Here's how. You buy my cab, see? You own it, pay the note on it, handle the maintenance, all that stuff. But you won't have to work all those crazy hours driving the cab,\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":1143,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1143\/the-carnival-of-real-estate-investing\/","url_meta":{"origin":2395,"position":2},"title":"The Carnival of Real Estate Investing…","author":"Greg Swann","date":"March 13, 2007","format":false,"excerpt":"...is up at RE Agent in Connecticut. This week's winner? Our own Michael Cook with Real Estate Investment Theories that can Actually Help You Make Money. Michael has been an outstanding addition the the BloodhoundBlog roster. This is his second win at the Carnival of Real Estate Investing. If you\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":1393,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1393\/the-carnival-of-real-estate-31\/","url_meta":{"origin":2395,"position":3},"title":"The Carnival of Real Estate . . .","author":"Greg Swann","date":"May 7, 2007","format":false,"excerpt":"...is up at Lansner on Real Estate at the Orange County Register. Writing from The San Diego Home Blog, Kris Berg took fifth place for her playful rant on open house signs. Russell Shaw came in second place with his not-at-all-playful rant on the folly of real estate discounting. The\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":1221,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1221\/the-carnival-of-real-estate-26\/","url_meta":{"origin":2395,"position":4},"title":"The Carnival of Real Estate . . .","author":"Greg Swann","date":"March 26, 2007","format":false,"excerpt":"...is at miOaklandCounty, Maureen Francis' weblog. Teri Lussier's introductory post came in fifth place,* not bad for a start. With his post Persistence: The Investors Greatest Tool, Michael Cook took top honors at The Carnival of Real Estate Investing, hosted this week by the Ral Estate Investing for Real Blog.\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":1754,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1754\/the-carnival-of-real-estate-43\/","url_meta":{"origin":2395,"position":5},"title":"The Carnival of Real Estate . . .","author":"Greg Swann","date":"August 6, 2007","format":false,"excerpt":"...is up at RealEstateUndressed. Host Larry Cragun got around our having broken the rules on entries by breaking all the rules. In consequence, this week there will be two consumer-focused real estate carnivals and no Carnival of Real Estate. Even so, our friend John L. Wake took second place with\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":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2395","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=2395"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2395\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=2395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=2395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=2395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}