4 Questions to Ask Yourself About Your Business in 2021
I like to call 2020 “the year of unprecedented”. I cannot even begin to count the number of times I heard that word, “unprecedented,” on a daily basis. It was used for everything from toilet paper to our own mortality. While most of the time the word was applied accurately, I and just about every […]
Why One Investor Sold His Chicago Properties to Invest in Gary, Indiana
When you think about the city of Chicago, you probably think about booming suburban markets, a biotech “bright spot” during the COVID-19 employment downturn, and what local real estate professionals are happily referring to as a “real estate revival”. But if Chicago is so full of opportunities these days, why is one major investor in […]
What Happened When I Started Trying to Send Clients Into Other Markets
You’ve probably been reading a lot from me on the subject of diworsification lately, so it might surprise you to learn that I used to tell my turnkey real estate investors to take their money elsewhere. That’s right: I used to push investors who had a lot of properties with my company to start investing […]
Why Investors Need Masterminds in a Post-Pandemic Industry
If you are like most people today, you are feeling pretty powerless. As we head into the fall, so many things are still a mystery about the future: Will school start on time for our kids? Will our children get the attention and face-to-face interaction they need to learn effectively? What will the November elections […]
The Truth About Diworsification: Why Diversification Hurts Your Real Estate Returns
If you have made any investments ever, whether it was through a company retirement account, your own financial planner, or on your own, then you have heard of diversification. Most people act like diversification is basically a guaranteed recipe for success. They brag about their diversified portfolios and how they have properties all over the […]
Diversification vs. Diworsification
When you first read the title of this blog, you might have thought there was a serious typo. After all, “diworsification” is not a familiar word to many people. However, in today’s economy, it should be. Today, we will break down the concepts of diversification (a ubiquitous term in the real estate space) and diworsification […]
3 Markets Seeing More Buyers During COVID-19 (One Will Surprise You)
What does the state with one of the highest numbers of COVID-19 cases in the country have in common with the real estate market experiencing top demand in 2020? Well, as it turns out, they’re one and the same: Florida. While August brought out some pretty devastating coronavirus statistics for the Sunshine State (hundreds of […]
Everything You Need to Know About the HEALS Act (Today, Anyway)
In the movie “Fight Club,” the protagonist learns early that both the first and second rules of Fight Club are, “You do not talk about Fight Club”. It seems that the federal government’s current stab at coronavirus aid legislation should come with a similar sweeping disclaimer, except this one would read, “The Act is always […]
3 Abject Failures & a Huge Success: The Good Success Guide to Avoiding the Devastating & Permanent Business Mistakes that are Taking Down Today’s Biggest Corporations
What if you could learn from someone else’s enormous, devastating mistakes instead of having to make those mistakes yourself and suffer the extremely unpleasant consequences? Well, if you’re like most smart real estate investors and small business owners, you recognize that particular strategy as plain old common sense. And, furthermore, you know that plenty of […]
The Perceived “Urban Exodus” is Pushing Rural & Suburban Values Skyward
If you are looking for a new place to live these days, the odds are good you have at least considered taking the “country mouse” route and buying a home in a rural area. The odds are also pretty good that a year ago, you would never have spared the concept a second thought. Of […]