is it time to take the chips off the table

[Jay Hinrichs]

when I look back if I had taken my chips off the table in 06 to 07.. I would have basically been able to ride the Melt down with ease.

Our cash flow ( supposedly properties ) tanked.   hope all of you who think cash flow rentals are subject to cash flow interruptions just like other investments.

I am not quitting what I am doing but I sure have my radar up.. I have projects lined up in front of me that will be all sold out middle 17...  what I am not doing right now is committing to new projects TODAY at these high prices and with so many newbies chasing deals. 

Will see if this is correct.. but want to be more conservative after living through 08 and losing a friggen fortune that I had worked 30 years for.. LOL.. and yes I can laugh about it today. !

[Steve Vaughan]

I'm seeing the frothy signs in this market similar to those in the bubble days.  Stupid money chasing mediocre opportunities.   Only consolations are underwriting standards haven't dropped to fog a mirror liar loans and we have better employment and more 20-somethings waiting on the wings than ever. 

I know you took quite a drubbing in the great recession, @Jay Hinrichs , but you came back stronger. You survived and that says a lot about you and your character. You sacrificed to make investors and lenders whole where others wussed out and handed back keys.  I do not take "It was the great recession (shrug). Everyone was doing it" as an excuse from anybody. Most of the time they could have done more but chose not to.

I appreciate your experience, your insight and your sharing your 18-month plan.  I agree and am looking to shift focus through strategic liquidity events over the next 12-24 months as well. Not quite sure what to do with the chips, either.  I am also engineering more transactions for others now rather than buying myself 90% of the time.  Thanks for sharing!