The Wisdom Wall
3 quotable lessons, heuristics and mental models. Every one is playable at the moment it was said. No fortune cookies allowed.
“So I would buy a property just on the outskirts of Indianapolis itself. Right. So that means, you know, well, there's going to be more money. There's going to keep on coming into that particular sub economy and you're going to be fine. So versus now I go invest in Bakersfield when the recession hits, when things go…”
“And you have to understand investors who do own right in the hub, sometimes they don't want to do major renovations to the unit. Because, you know, they're spoiled. I'm going to get the premium rent anyway. So now if you do a major renovation to your unit, who's on the outskirts. They may, the tenant may be willing to…”
“So you should be looking the day. The contingencies are removed on your down leg. The property that you're selling, your own property that you're selling, the day you remove all the contingencies, or the buyer for your property removes their contingencies on your property, that is the day you started looking for your…”