Random Opinions:
Everyone wants a home run these days!
We’ve all heard the about “the perfect B.R.R.R.R ” on the most recent podcast episode with “that fella, over there, in that other market!” You know the constant story of “It’s been 3 months already; can I get 100% of my money back now?!”
Yeah, well we’ve hit home runs too. Some of them very recently. However don’t get caught waiting; only wanting to swing at obvious home runs.
Some of our most lucrative deals initially looked more like solid doubles and triples. Many times it’s only after 6-12 months – by strategic renovations, carefully stabilizing the asset, receiving constant cashflow and (gratefully) market appreciation – that we see that the old adage is STILL true:
IT’S NOT TIMING THE MARKET, IT’S TIME IN THE MARKET.
Don’t pass up $50 bills laying on the road simply because you are looking for $100 bills. Look for opportunities with less competition and invest in fundamentals; and those fiddies will turn into hunnies faster than you’d ever imagine.
Purchase strong cash-flowing assets, with multiple exits and/or strategies, and then wait. Yes, real estate can be exciting…but it doesn’t have to be for it to make you a fortune.
In the current market, we are continuing to refinance with our lenders. We will likely see all, if not the majority, of our funds returned across our portfolios, all in less than 3 years; this is true for many of our buyer clients too. Massive returns with measured risk.
More on that in the next Revival…
Oh, what a wonderful world!
Randall Reashore
