I think when we find ourselves stuck on something its in its own way a good thing because it thins out the heard. If others arent doing it because they are stuck or unable to get something set up, then you have an advantage in the market. :)
want to own affordable homes. Sort of a balance, if you will.
I don think it would be unreasonable to say that you get what you put into this business.
Absolutely, Warren Buffet has been quoted as saying fearful when others are greedy and greedy when others are fearful. For awhile I thought this quote was bullocks because I interpreted it as a wash, two sides of the same coin, but now I come to realize it makes sense and the time you described fits the bill perfectly.
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Its kind of crazy how the economics of things always seems to even things out. One demonstration of this is the concept of barriers to entry. I remember when I was back in school and this was just some business vocab word, but coming through the real estate battery and seeing many of our members struggle with it, it seems to have its place.
The last eight months presented a "shock to the system". Lots of investors and mainly mortgage brokers knew that the bubble is going to burst, but were in denial. Other didn believe it Air Max 2015 Blue And White would burst at all, and the general retail home buyer, The Joes and Janes of America, didn even know there was a bubble. Many of whom jumped on the gravy train of the early and mid 2000 now in foreclosure shock and some of them swear they never own a house again in their life. This new reality makes it actually a healthier socioeconomic environment. It allows landlord to provide quality housing and also enough properties for those who do Nike Air Max New Releases 2015
better sale people, but in the end of the day, we all love what we do, we always wish we could do more if we just had more money to do it, and we all thrive to succeed and learn. That what set us apart.
I think competition is always healthy but unbrideled compeition that allows anyone compete shifts the playing field in an unfavorable direction. Barriers to entry are actually things I look for and forward to because they keep things honest. If I go to the trouble of developing a complete autoresponder and broadcast system I want to make sure that my efforts aren for naught.
A barrier could even be applied to sellers who can get over the hope that god or obama is going to save them.
The fact that the business we are in has so many barriers to thin out the herd yet still offers opportunity for those who face it head on is just a thing of beauty. I just wish end buyers would stop submitting offers on REOs lol.
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I just love the economics of how the dust settles so many ways in this business.
Absolutely Shaun, the barrier to entry ultimately boils down to the static between the ears. I a big fan of this down market because some how by the grace of God I mentioned to stay at least par, and everything else is just more interesting.
And then off course, there are those who afraid. Afraid of success, afraid of failure. Whatever fear they succumb to, they wouldn do a one move unless they are absolutely positively sure that they are doing the fail safe move. Sure there no such a thing. There are always variables, unpredictable factors, "Miscellaneous items" like in any other part of life. This process of weeding out the unfit, leaves the world of real estate investment more balanced.
We REI are all different. Some are more ambitious then other, some or more competitive then others, and some are just 2015 Air Max Release Date
Originally when I wrote the post I was considering the risk vs reward, effort vs. reward btw short sales and reos. Then it just took Nike Air Max Thea Light Purple
As for those who are "get rich quick in real estate" dreamers. They are who they are dreamers. They dream, they don envision and those are two different type of people.
Innovation is born of necessity :)
Today is the day of the REO, last year it was the day of the Short Sale (at least here anyway) and lord knows that dealing in REOs is much easier than negotiating short sales. But on the other hand since REOs are easier there are more people competing in that area while there are less investors working the shorts with less compeition increasing their spreds. I like this example as you get what you put into it.
on a mind of its own.
But revisiting the idea it makes a lot of sense to be aware of the barriers when we considering the motivations of others because the barriers will in some way, shape, or form leave an impression on the result of motivations.
All the time i see investors get hung up on a certain aspect of investing, some buy courses and never put together a deal while other investors buy a course and slingshot themselves into a deal. The difference between these two types seems to be that some people are more savvy at taking on barriers to entry than others and many of those barriers are mental.
Barriers to Entry aren't so Bad
Real estate investing isnt rocket science, doesnt require an sort of degree, but certainly does involve an effort. especially at the beginning. But really in its own way it is a good a thing because it keeps the pool of investors at a reasonable size, enough to keep opportunity alive for the active investors.
The hard work brings greater opportunity and the work doesn get the as much. There is always more than one way to skin a cat, heck, my investing niche is totally geared towards tenant/buyers, it not a windfall of profit, but it good and fits my day but I also do a lot of work with broadcasts and autoresponders to keep it going.
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