Comments on: Are Real Estate Investors Sometimes Lookin’ Through The Wrong End Of The Telescope? http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/ Real Estate Investing through Purposeful Planning Wed, 07 Jan 2009 07:38:37 +0000 http://wordpress.org/?v=2.0.11 by: BawldGuy http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10650 Wed, 03 Sep 2008 20:59:23 +0000 http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10650 Robert -- That's the best part -- we've all got our own, custom made telescope, designed by us. Robert — That’s the best part — we’ve all got our own, custom made telescope, designed by us.

]]> by: Robert Coté http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10646 Wed, 03 Sep 2008 18:05:17 +0000 http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10646 It's your telescope. You tell me. It’s your telescope. You tell me.

]]> by: BawldGuy http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10641 Tue, 02 Sep 2008 23:52:51 +0000 http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10641 Tom -- Be my guest, and it's much appreciated as always. Tom — Be my guest, and it’s much appreciated as always.

]]> by: BawldGuy http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10640 Tue, 02 Sep 2008 23:52:16 +0000 http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10640 Robert -- sounds like your version of, "Become one with the telescope." :) Robert — sounds like your version of, “Become one with the telescope.” :)

]]> by: Tom Vanderwell http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10638 Tue, 02 Sep 2008 23:00:29 +0000 http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10638 Hey Jeff, Can I repost this over at Straight Talk? It's some rock solid advice! Let me know. Tom Hey Jeff,

Can I repost this over at Straight Talk? It’s some rock solid advice!

Let me know.

Tom

]]> by: Robert Coté http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10634 Tue, 02 Sep 2008 18:30:04 +0000 http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10634 Ahh, the "downside"of transparency. There is only one price and it sure ain't what the seller demands nor what the buyer offers. There just aren't very many people skilled at looking at the history and using that to fine tune a transaction. This is where the z company and all the others fall down. Ahh, the “downside”of transparency. There is only one price and it sure ain’t what the seller demands nor what the buyer offers.

There just aren’t very many people skilled at looking at the history and using that to fine tune a transaction. This is where the z company and all the others fall down.

]]> by: BawldGuy http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10631 Tue, 02 Sep 2008 17:44:54 +0000 http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10631 Absolutely, JP. The only caveat I'd add would be not to impute too much savvy on the seller just because that particular property made him a bunch of money. In the end, I'm bettin' the ranch you paid attention to your mentor's eye when it came to final decisions. Sounds like you were indeed very fortunate to have such a wonderful teacher. Absolutely, JP. The only caveat I’d add would be not to impute too much savvy on the seller just because that particular property made him a bunch of money.

In the end, I’m bettin’ the ranch you paid attention to your mentor’s eye when it came to final decisions. Sounds like you were indeed very fortunate to have such a wonderful teacher.

]]> by: JP Micek http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10630 Tue, 02 Sep 2008 17:21:41 +0000 http://www.bawldguy.com/are-real-estate-investors-sometimes-lookin-through-the-wrong-end-of-the-telescope/#comment-10630 This is such an achilles heel for RE investors, new & experienced alike. For me, I was lucky that my REI mentor was 74 when he first took me under his wing. From his nearly 50yrs of REI exp. he explained that every deal was a transaction where both existing value & future potential were on the table. Focus #1 is always what your future profit potential is. If the seller was able to amass large equity/profit, I quickly learned by his example that, if focus #1 was satisfied, that focus #2 should be to learn as much about the sellers investment "eye" (strategies, philospohy, etc) as I possibly could. This approach helped me to learn for free from some of the best investors, and it often helped the transaction go much smoother as well, in some cases saving $10k or more on incidentals before closing. This is such an achilles heel for RE investors, new & experienced alike. For me, I was lucky that my REI mentor was 74 when he first took me under his wing. From his nearly 50yrs of REI exp. he explained that every deal was a transaction where both existing value & future potential were on the table.

Focus #1 is always what your future profit potential is. If the seller was able to amass large equity/profit, I quickly learned by his example that, if focus #1 was satisfied, that focus #2 should be to learn as much about the sellers investment “eye” (strategies, philospohy, etc) as I possibly could.

This approach helped me to learn for free from some of the best investors, and it often helped the transaction go much smoother as well, in some cases saving $10k or more on incidentals before closing.

]]>