Real Estate News & Commentary

Real Estate Investors: Learn To Take What The Market Is Giving You

Expertise: Personal Development, Personal Finance, Mortgages & Creative Financing, Real Estate News & Commentary, Business Management, Real Estate Investing Basics, Flipping Houses
249 Articles Written

One of the most valuable lessons ever taught me was to be happy with whatever the market was givin’ me. In San Diego I’ve never sold a home or attached residence as a rental. Why? Since I made the transition from the traditional home market to investments, homes here have made no sense whatever.

Want more articles like this?

Create an account today to get BiggerPocket's best blog articles delivered to your inbox

Sign up for free

Yet in the Phoenix market homes are pretty much the only thing makin’ any sense. 2-4 unit properties there are simply poorly located, and it’s virtually universal. Boise? You can find 1-4 units, attached, detached, whatever’s your pleasure. For years, 2-4 units in a buncha locations in San Diego were the best bet. In fact, that was true in my experience, from the mid-1970’s through the first couple years of this century.

In Texas, though I’ve seen homes that made sense, their locations haven’t risen to the bar I’ve set. 2-4 units? They rock like Elvis in his prime. So, in Texas the next single family we buy or have a client purchase, will be the first.

Don’t struggle tryin’ to make your favorite theory, model, or template fit every market. We look foolish when we strain while tryin’ to put a square peg into a round hole. Remember, almost every market gives you something. What on earth makes some investors fight that?

Besides, have you ever tried to get a square peg out of a round hole? 🙂

Licensed since 1969, broker/owner since 1977. Extensively trained and experienced in tax deferred exchanges, and long term retirement planning.
    Kevin Kaczmarek
    Replied over 8 years ago
    Great article Jeff. It is so true, one size does not fit all.
    Kevin Kaczmarek
    Replied over 8 years ago
    Great article Jeff. It is so true, one size does not fit all.
    Anonymous
    Replied over 8 years ago
    So very true Jeff!!! Every market is different and one thing for sure it will always change, at least it doesn’t change as fast as the internet!
    Anonymous
    Replied over 8 years ago
    So very true Jeff!!! Every market is different and one thing for sure it will always change, at least it doesn’t change as fast as the internet!