All Forum Posts by: Dennis P.

Unless that one option you pick isn't a good option based on your location, skillset, experience, financial situation, goals, tube availability, etc. 

Don wasn't just laying out various options, he was pointing out the very basic aspects of real estate that anyone in this business needs to understand.  And not just a cursory understanding. 

Its not simple and its not easy.

Real estate truly is fundamentally simple.  You purchase the rights to an asset then improve or rent that asset for gain.  But simple and easy are not the same thing.  Think of it like poker or chess.  You can learn the rules in a few minutes but it takes many years to master.  

There are lots of challenges with real estate from financing, construction surprises, legal issues, people problems, and getting money you are owed.  Just talking about those things scares most people back in front of their televisions.  Part of that is because they think of a problem with their own house as money spent coming from their job.  But in a real estate business it's being funded by the asset itself and is part of the cost of doing business.  That perceived risk, lack of knowledge and motivation are what open up great opportunity for all of us who are willing to manage that risk.

Don't overcomplicate it.  Real estate is one of the few investments that you can really make your own luck.

Fear.  Fear of loss and fear of the unknown.

Probably many more reasons, but those two are pretty big.

@Dennis P. as far as analyzing I would You Tube Commercial Property Advisor. They have a video that breaks down analyzing Commercial Property. 

@Dawn Oishi, I got ~30% return last year. Invested $50K in a syndication in Nov 2014. Received $25K in Dec of 2015 upon refinance. Still have ~$40K equity in the project of which $25K is my original capital. 

I always hated being stuck in human body, and the human brain is even worse.  It has this storage of ridiculous stupid emotions that hold us back and in my case it's stronger than any rational capabilities I didnt get enough of during creation....  my emotional attachment to my real estate is ruining my life.  I can't stop lamenting about properties I have so stupidly lost, like the apartment complex I so stupidly sold for no reason, it was one of those brain farts.  It was a miracle that I was able to get into it, an old assumable bank loan and owner carried the rest.  I'd have $1M in that asset today and about $5000 month income, but NO.  I sold it, ten years ago.  Or the industrial building I built with equity out of my own home, sold just before the skyrocketing values of course, and the buyer made a cool $500,000 profit off my building, which btw I m still trying to pay off that home loan for, 20 years later. I regret those mistakes every day, and I am fully aware that I need to let go but I simply have been unable to, even with ten years of studying self help programs. Now I have a cute little rental in another state that Im going to be forced to sell because I desperately need the money, and Im so heartbroken over it I am frozen in anxiety and can't make the trip out to get it ready for sale.  I can't get a loan against it because I dont meet all the f____ing criteria, even with ridiculously expensive hard money.  I just want to bury my head in the sand and dream of far away places.

Good morning, SWLR can be a block by block judgement call. In that area we are not putting any stock in the appreciation basket, but we are seeing demand for our renovated houses at market rent. I'd be happy to share numbers or what we are seeing there now if you want to contact me about a particular neighborhood.