All Forum Posts by: Account Closed

I have seen so many people start and stop in the Real Estate business more times than I can count. I recognize that a lack of initial success is going to result in people petering out but what about the people who found some success but then slowed down? Is it because they are contented with the success they found? Or, is it that they are afraid to take it to the next level? I imagine that there is a blend of both, but which is more prevalent? I think there are a lot of people who just want to “be their own boss” and don’t recognize that they have done a little more than create themselves a job. There seems to be a contingent as well that found a moderate level of success and are quite smitten with themselves. These people are easy to recognize and are not my favorite to spend time with. What are your thoughts?

I have seen so many people start and stop in the Real Estate business more times than I can count. I recognize that a lack of initial success is going to result in people petering out but what about the people who found some success but then slowed down? Is it because they are contented with the success they found? Or, is it that they are afraid to take it to the next level? I imagine that there is a blend of both, but which is more prevalent? I think there are a lot of people who just want to “be their own boss” and don’t recognize that they have done a little more than create themselves a job. There seems to be a contingent as well that found a moderate level of success and are quite smitten with themselves. These people are easy to recognize and are not my favorite to spend time with. What are your thoughts?

I am seeing a lot of people jump in and out of the market. Why do you think that is? There have always been a lot of "part time" investors; people who do deals now and again. Maybe a flip a year? One or two wholesale properties every 6-10 months? Do you think it is because people are too scared to make the jump? Or are they not finding the success they want? Perhaps they find it too challenging but at the same time, they don't want to totally give up? I would like to see the people in the business be more committed and full time. I think it would raise the professionalism level in the industry. Thoughts?

I am seeing a lot of people jump in and out of the market. Why do you think that is? There have always been a lot of "part time" investors; people who do deals now and again. Maybe a flip a year? One or two wholesale properties every 6-10 months? Do you think it is because people are too scared to make the jump? Or are they not finding the success they want? Perhaps they find it too challenging but at the same time, they don't want to totally give up? I would like to see the people in the business be more committed and full time. I think it would raise the professionalism level in the industry. Thoughts?

@Bryan Patterson, I'm a local investor in the Richmond market. I sent you a connection invite! Let's connect and talk! 

I am seeing a lot of people jump in and out of the market. Why do you think that is? There have always been a lot of "part time" investors; people who do deals now and again. Maybe a flip a year? One or two wholesale properties every 6-10 months? Do you think it is because people are too scared to make the jump? Or are they not finding the success they want? Perhaps they find it too challenging but at the same time, they don't want to totally give up? I would like to see the people in the business be more committed and full time. I think it would raise the professionalism level in the industry. Yes? No? 

Hi @Annie Witkamp! I'm an investor in the Richmond market. Sent you an invitation to connect. Looking forward to hearing from you!

I have been watching the last 4 months in absolute awe. Unemployment is through the roof, businesses are going bankrupt, most people are staying home not spending money yet the stock market and Real Estate market are doing great. The US government has done a lot to try and curb the effects that Covid has had on the economy but can it last? The housing market in my local market, Richmond, VA, is red hot. Interest rates are super low and the inventory is low so I feel those two factors are carrying the market for now but how long can that last? We have already seen a steep decline in higher end properties across the nation. I fear people are being lured into a false sense of security with the current market conditions and are not preparing themselves for the fall out. Thoughts?

I have been watching the last 4 months in absolute awe. Unemployment is through the roof, businesses are going bankrupt, most people are staying home not spending money yet the stock market and Real Estate market are doing great. The US government has done a lot to try and curb the effects that Covid has had on the economy but can it last? The housing market in my local market, Richmond, VA, is red hot. Interest rates are super low and the inventory is low so I feel those two factors are carrying the market for now but how long can that last? We have already seen a steep decline in higher end properties across the nation. I fear people are being lured into a false sense of security with the current market conditions and are not preparing themselves for the fall out. Thoughts?

I have been watching the last 4 months in absolute awe. Unemployment is through the roof, businesses are going bankrupt, most people are staying home not spending money yet the stock market and Real Estate market are doing great. The US government has done a lot to try and curb the effects that Covid has had on the economy but can it last? The housing market in my local market, Richmond, VA, is red hot. Interest rates are super low and the inventory is low so I feel those two factors are carrying the market for now but how long can that last? We have already seen a steep decline in higher end properties across the nation. I fear people are being lured into a false sense of security with the current market conditions and are not preparing themselves for the fall out. Thoughts?