Thursday, November 15, 2007

Yes, look AND think before you leap into buying property

Jordan Crouch has a 6,000 word essay today that summarizes the current market quite well. Okay, it's actually six pictures, but each is worth a thousand words or more. Jordan might well, on a word-for-word basis, have the blog post of the year.

Now that you are done groaning, here's my thought. Easy money is done. Does that mean you pack up your bags and move on? Yes, if you are not smart or do not have a smart team working with you. You can't just buy any old piece of dirt and expect it to rise in price (And if you had been doing that, then you're probably like the speculators in homes, tech stocks or tulips anyway.)

Simply stated: there's money to be made! There really is. There always has been and there always will be. You only have to think, and work, and put some sweat into it to find the right place at the right price. It's just like the "old days." Don't think like a huckster and think like a prudent investor, and you should be fine if you have any knack for this business.


Jordan Crouch said...

Even with lenders tightening the purse strings, we are still financing deals. The smarter investors will always be able to get deals done.

Thanks for the link!