Rich Investor Poor Investor

[Matthew Irish-Jones]

Over the course of 12+ years as an investor, property manager, top 100 agent, construction manager, and a general student of Business I have seen my own portfolio performance, as well as that of every investor we manage properties for.   Below are what I see from investors that make it vs those that don't. 

RICH INVESTORS ____________________________________________________________________________________________________________________

- Buy great properties 

- Or... Front load the risk and build great properties by gutting and rebuilding units from the inside out, while having the experience and know how to pull this off

- Buy great locations and pay through the nose for them

- Buy for long term equity and appreciation, they are ok with barely any cash flow if its a great location and a quality asset

- Value Asset condition over cash flow

- Value location over cash flow

POOR INVESTORS ______________________________________________________________________________________________________________________

- Chase cash flow in C class or lower locations 

- Buy crap properties that have 15% CoC returns and a ton of differed maintenance that they fail to itemize properly

- Value cash flow over location and asset condition 

- Look in high risk areas that no one else is looking... for a reason 

- Buy inexpensive properties because they do not have enough funds to get into a B class location.