Mar 14, 2016
Plus: Are some transactions just doomed?
I took a trip to Seattle over the weekend and it really brought home to me the importance of really getting to know how people live from day to day in communities where we are considering investing. Sometimes, the bare numbers tell only a very small part of the story. When investing, you will benefit from knowing some of the more subtle relationships between communities. By doing this, you can make your investment more resilient to market downturns or insure that you will be able to continue to get an expected level of rent if local dynamics change.
Also, I wanted to take some time to talk about what has got to be one of the worst escrows ever. It is more a tale about how so many things are completely beyond our control. While the ultimate goal of buying the home was accomplished, it was a painful and stressful journey - for my client and for me. So much so, that I find myself looking for the knowledge I can pull from this one to make sure it will never happen again. However, I am having trouble since some of the lessons learned, would likely cost future clients money. In the end, do we just have to accept the idea that some transactions are just doomed to have to face every kind of delay and annoyance there is? Does it really just come down to settling for achieving the end goal, no matter how infuriating the path?
Todays show is all straight from my personal experience, so no articles to link to today. However, if you would like to check out the show notes for other shows, head on over to http://www.therebelbroker.com