A Perfect Economic Storm Has Homeowners Staying Put & Would-Be Buyers Sidelined

Household debt in the United States has now surpassed its 2008 peak. Meanwhile, housing inventory has plummeted and homeowners are increasingly refusing to budge from their homes. What’s going on? A perfect storm of economic forces are squeezing existing homeowners to stay put and preventing first-time buyers from purchasing. While longer ownership might seem benign …

How Overpaying For an Apartment Building Can Get You a Deal in Real Estate ?

We’re taught that we should never underwrite a commercial real estate deal based on future performance—but always on current performance. This is great advice, but sometimes it doesn’t match reality. Here’s an extreme example to make my point: What if you’re looking at an empty 10-unit apartment building? Technically, the net operating income (NOI) is actually …

After 30 Years of Real Estate Investing, THIS is What I Would Do Differently

A younger person recently asked me, “After 30 years of real estate investing, what would you do differently?” It’s a pretty good question, and it really made me think. At first, I was thinking like Frank Sinatra that I wouldn’t change a thing because “I did it my way.” I quickly woke up and realized …