It is crucial to analyze a market before you invest in it
Tuesday, November 02
It is crucial to analyze a market before you invest in it. There are various factors that you can analyze to have a thorough, multidimensional analysis of the market. These include population growth, job growth, median rent, and median income. Certainly, some of these factors are interlinked too....
MY EXPERIENCE AT MY FIRST BPCON
Sunday, October 10
I went to my first BPCON last week in New Orleans. Prior going to the conference my fear was that most of the people going to the conference was in the single family homes and we wouldn't be as much of value to each other. However, I quickly learned that was not the case. I went to specific wo...
BEING A PROBLEM SOLVER
Saturday, September 25
The reason why people sell their property is because they are experiencing a problem. The bigger the problem the bigger the motivation and discount. People sell their problem property and never their best properties (not until their best properties turn into problems). Let me use myself as an ex...
PAIN POINTS VS MOTIVATION
Tuesday, September 21
I learned a very important lesson I learned yesterday as I submitted offer to a seller. The lesson was just because a seller is experiencing pain points it does not mean they are motivated to sell. However, if they are motivated to sell then they probably have strong enough pain points. I'll ex...
WHAT STARBUCKS HAS TAUGHT ME ABOUT MAKING OFFERS
Sunday, September 19
Have you noticed when you go to Starbucks there is always 3 sizes (I forgot what they are called. I just remember "Grande" lol). This is a brilliant sales strategy because the second your brain sees options your focus shifts from "buy or not buy" to "which size do I want?" I implement the same s...
THE TRUTH ABOUT CAP RATES
Monday, September 13
I realized this we investors (including myself) puts too much importance on the cap rate. The cap rate is defined as, "used in the world of commercial real estate to indicate the rate of return that is expected to be generated on a real estate investment property. This measure is computed based ...