{"id":405,"date":"2006-09-26T05:09:42","date_gmt":"2006-09-26T12:09:42","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=405"},"modified":"2007-01-25T00:18:24","modified_gmt":"2007-01-25T07:18:24","slug":"blogoff-post-28-timid-investor-lost-chance-for-large-rental-home-gain","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/405\/blogoff-post-28-timid-investor-lost-chance-for-large-rental-home-gain\/","title":{"rendered":"Blogoff Post #28: Timid investor lost chance for large rental home gain . . ."},"content":{"rendered":"

This is from my Arizona Republic<\/i> column<\/a>, a sad story about an investor who let a small fear lead to a huge loss:<\/p>\n

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 in the Phoenix area could still throw off a positive cash flow.<\/p>\n

We had settled on a newer three-bedroom home in Tolleson, a good rental area with great appreciation potential. We put the house under contract (for $135,000, if you can believe that) and began the inspections.<\/p>\n

The sellers were in pre-foreclosure. They hadn’t done a perfect job of maintaining the home, nor had they understood their rights under the builder’s warranty. In all, the repair issues came to around $1,500.<\/p><\/blockquote>\n

Not tiny, but not huge. Big enough, though:<\/p>\n

My buyer canceled the contract. I thought this was a huge mistake, so much so that I offered to pay for the repairs myself. But she was scared enough by the specter of costly repairs that she not only walked away from this house, she fled real-estate investment altogether.<\/p>\n

That house is now worth $225,000. She has lost $90,000 — so far — over $1,500 that I would have paid.<\/p><\/blockquote>\n

There is no way of predicting appreciation, of course, but how long could it have take for that home to buy back $1,500 — even if I hadn’t offered to pay for the repairs myself?<\/p>\n

The end of the story: “Fortune – and fortunes – favor the brave.”
\n<\/p>\n

Technorati Tags: arizona<\/a>, arizona real estate<\/a>, phoenix<\/a>, phoenix real estate<\/a>, sellsius 101<\/a>, real estate<\/a>, real estate marketing<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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 in the Phoenix area […]<\/p>\n","protected":false},"author":1,"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":[8,6,5],"tags":[],"class_list":{"0":"post-405","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-investment","7":"category-marketing","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":13288,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13288\/real-estate-investment-tips\/","url_meta":{"origin":405,"position":0},"title":"Real Estate Investment Tips","author":"Tony Sena","date":"September 20, 2010","format":false,"excerpt":"Finding a \u201cbargain\u201d property to purchase for rental purposes takes some analytical skills, market knowledge, and a real estate agent who is in sync with your investment goals. Some investors would consider the ideal rental property to be a three- bedroom, two-bath house in good repair, or needing minor touch-ups\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":3107,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3107\/are-you-an-investor-looking-for-a-rental-home-that-will-stay-rented-buy-a-home-thats-worth-living-in\/","url_meta":{"origin":405,"position":1},"title":"Are you an investor looking for a rental home that will stay rented? Buy a home that’s worth living in","author":"Greg Swann","date":"May 12, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). I wrote this last Tuesday, but it coincides nicely with Barry's post this morning. \u00a0Are you an investor looking for a rental home that will stay rented? Buy a home that's worth living in I represented tenants\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":11651,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11651\/bloodhoundrealty-coms-greg-swann-and-canadian-real-estate-investor-bill-chipman-featured-today-on-npr-radio-story-on-phoenix-rental-home-investing-for-buyers-from-canada\/","url_meta":{"origin":405,"position":2},"title":"BloodhoundRealty.com’s Greg Swann and Canadian real estate investor Bill Chipman featured today on an NPR Radio story on Phoenix rental-home investing for buyers from Canada.","author":"Greg Swann","date":"March 24, 2010","format":false,"excerpt":"Click on the embedded audio player below or read the story on-line. Reporter Peter O'Dowd -- a genuine born-here Phoenician and a Brophy Prep alum -- spent about four hours, total, with Bill Chipman and me, an amazing commitment of effort. And that photo above? That's what paradise looks like.\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4045,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4045\/buy-low-sell-high-you-cant-sell-high-for-now-but-prices-are-low-enough-that-a-buy-and-hold-strategy-could-pay-off-handsomely\/","url_meta":{"origin":405,"position":3},"title":"Buy low? Sell high? You can’t sell high for now, but prices are low enough that a buy-and-hold strategy could pay off handsomely","author":"Greg Swann","date":"August 23, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0Buy low? Sell high? You can't sell high for now, but prices are low enough that a buy-and-hold strategy could pay off handsomely Last week I met with a potential real estate investor. She's an investor because\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":6180,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6180\/workable-real-estate-deals-may-require-even-more-creativity\/","url_meta":{"origin":405,"position":4},"title":"Workable real estate deals may require even more creativity","author":"Greg Swann","date":"December 20, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0Workable real estate deals may require even more creativity I do a lot of work with buy-and-hold rental home investors, more and more of whom are able to come into Phoenix with all-cash offers. Poor me, I\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":16676,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16676\/eight-reasons-to-own-vacation-rental-properties\/","url_meta":{"origin":405,"position":5},"title":"Eight reasons to own vacation rental properties","author":"Brian Brady","date":"August 24, 2020","format":false,"excerpt":"While we earn most of our money from our mortgage brokerage business, I started helping investors buy real estate some 5 years ago.\u00a0 Working in San Diego, I have seen just how profitable vacation ownership has been for long-term investors.\u00a0 If you follow me on any of my social sites,\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/roberto-nickson-so3wgJLwDxo-unsplash-320x480.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/405","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=405"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/405\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}