My Real Estate Views
Before you decide to follow my advice, I think it's important for you to understand my perspective on the relevant issues. These are my views of the real estate industry.
I believe that the present business model of the real estate brokerage industry is outdated, especially in the residential sector.
The virtual absence of competent professional training of residential real estate agents, (especially the newly licensed) combined with the lack of adequate professional oversight has created an unstructured free-for-all.
Add to these issues the onset of major technological advances and consumer DIY services, like Zillow.com, and you have the "perfect storm" of circumstances that is likely to significantly reduce the licensed real estate agent population.
The poorly trained and the technically deficient are sure to be the most negatively effected.
I believe the best way for most people to build wealth is to buy and hold income-producing property that will, 1) provide them a dependable monthly income, and 2) increase in value over a period of years.
I also believe that the ideal investment strategy is the acquisition of several income-producing properties and to acquire these additional properties by "trading-up" using the benefits of the 1031 Tax Deferred Exchange.
As for "flipping" houses, it may be a great business for those with the knowledge and experience.
However, it's definitely not an investment strategy and is something most people should avoid.
Once the most prestigious of real estate professions, the appraisal industry today is on its death bed.
Since the inception of licensing real estate appraisers in 1992
there's been a prohibitive level of prerequisite education required, an ever changing and confusing regulatory structure, plus a huge increase in appraiser liability with no measurable benefit to the industry or the public.
The most endangered is the residential real estate appraiser who makes less in real dollar terms today than they did in 1986.
And, with virtually no "new blood," entering the industry, the average age of a real estate appraiser is over 60 years old.
Training someone to expand their skills and educating them to become more knowledgable about their industry is beneficial to both that person and the industry.
Unlike those "trainers" and "coaches" who haven't sold or bought real estate in decades (if ever), I am an active frontline agent, appraiser and investor and I have been for several decades.
I offer my knowledge and skills that I've developed from first-hand experience to anyone who's willing to learn.
My purpose here is to help you to build a more financially secure future for you and your family with the absolute minimal amount of risk.
I hope you now have a better understanding of how I view the real estate industry, in general.
Hopefully, you and I are pretty much in sync on our general industry views. And, hopefully, together we can move forward to helping you become a more successful real estate entrepreneur.
If there's anything more you'd like to know about me, just click the Start recording button below and leave me a voice message right from your computer. Or, send me an email, if you prefer.