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Rand Media Co
The Skinny on Real Estate Investing: An Introduction to the Subject
The Skinny on Real Estate Investing: An Introduction to the Subject
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Jim Randel has invested in real estate for 30 years, having bought and sold houses, duplexes, triplexes, apartment buildings, office buildings, retail properties, factories, land and a warehouse.
His real estate investing philosophy is as follows:
- It's a tremendous opportunity for wealth generation.
- But, not "get rich quick," or "risk-free".
- If it isn't fun, don't do it.
- Never, never buy on the seller's pro forma.
- If you can't add value, pass on the deal.
- Asking prices are irrelevant.
- Institutional investing should be avoided at all costs by entrepreneurs.
- Houses are real estate investments.
- It's a buyer's market.
- It's all about execution.
His real estate investing philosophy is as follows:
- It's a tremendous opportunity for wealth generation.
- But, not "get rich quick," or "risk-free".
- If it isn't fun, don't do it.
- Never, never buy on the seller's pro forma.
- If you can't add value, pass on the deal.
- Asking prices are irrelevant.
- Institutional investing should be avoided at all costs by entrepreneurs.
- Houses are real estate investments.
- It's a buyer's market.
- It's all about execution.
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