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 …