Your grandfather always told you, “Location, location, location.” I am here to tell you that it is all about timing in specific locations. Investors have always given a lot of weight to the location of real estate, and this strategy has worked well in the past. However, to maximize rate of return investors in today’s highly competitive market need to understand that, even though location is a very important part of the puzzle, timing in specific locations is even more important.
I like to compare real estate to a roller coaster. “How so?” you ask. Let’s take the example of the California market over the last seven years. If you listened very carefully seven years ago, you could hear the tic – tic – tic of the roller coaster of real estate as the appreciation rates climbed and demand grew. As long as that soothing tic – tic – tic sound was heard, the market continued to grow at a fantastic rate. About a year and a half ago that sound stopped. [click to continue…]
{ 0 comments }
