Episode 60 Q

[James G.]

Listening to BP podcast Episode 60, with Serge Shukhat, raised the following question. (Great podcast BTW) My market, South Florida, has experienced similar conditions to what Serge described of his market; i.e. prices for residential investment properties have increased to levels that leave little room for a return. CAP rates and vacancy rates have no room for further compression and rents have already increased with little upside remaining. My question is: 1. Which philosophy do the BP investors abide by and why: A. Pivot with what the market gives; changing investment criteria as you go B. Go with what you know; a well defined criteria with little variation