Doubling Down or Waiting For The Perfect Storm?

Question

Hey BP Family,

I'm an Investment Agent for an off market brokerage in Houston. Lately, I've been receiving mixed emotions from the investors and landlords I work with.

On one hand, I receive feedback from investors saying that the market is too terrible to keep investing at the volume they once were.

On the other hand, I have investors who decided to alter their buy boxes/strategies instead and stay somewhat bullish in their investment activity, even if it means they don't hit the $50k+ profits they are accustomed to.

I'm curious to know what other investors in the Houston area think. If you're staying out and playing it safe, what cautionary tales do you have for those still active? If you're still active, what about your strategy changed that allows you to still profit in an uncertain market? Let me know your thoughts!

Chris Seveney · Answer

I am not in Houston, but I will comment on the overall state of the real estate industry. Many of the people who are leaving real estate got in during a time when it was very easy. It did not require a significant skill set or patience. Now, those who are successful are the ones who have a lot of experience, have patience, and have the connections to find the deals. It's a game of singles and doubles, and not hitting home runs on every opportunity. I have no issues and actually prefer it when real estate is harder because it reduces the competition.

Timothy Oyedele · Answer

I couldn't agree more. Although I'm only a couple years into the game, I'm already seeing how this current market is separating the wheat from the chaff. I am very glad I developed skills and perseverance long before getting my start. It only makes the impending upswing that much sweeter!

Doubling Down or Waiting For The Perfect Storm?

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