Missed Opportunities

[Paul Weller]

We had the opportunity to buy a short sale 4 years ago at the bottom of the market.  It was at the top end, and a stretch really of what we were willing to spend 550k but it was such a great location I just had this feeling it was a fantastic investment.  Logic, at the time, won over and we didn't do it.  Now it would probably go for around 1.1 million.  The house is blocks away from Bellevue, Wa.

Does anyone else have those missed opportunities stories?  Although, I am moving on and not dwelling on what could have been, I think it is fun to hear others stories of "dang..I should have done that."

[Joe Bertolino]

Dozens of them. In 2009 I almost pulled the trigger on a beach house in Carmel, CA for $610k but it would have been a major stretch. Very old house that needed work but it was large for the area with a ocean view from the second foot. It just sold for $2.2m after what I would guess was a $125k remodel. There were a ton of 4 plex and small apartments in Midtown Sacramento that we're going for $60k a unit. With the new Kings Arena and Railyard development they are now going for $150k per unit and rents have doubled in just a few years. I saw it coming but couldn't/didn't get in front of it. I am excited for similar deals in the next downturn as I am positioned better to take advantage of them.