"Before you begin to look for your good investment, have a good understanding of your goals, timeframe, risk tolerance, and expertise. These three aspects make up the first step to finding a good investment."
"Good investment properties require looking at a property and seeing something different than 90% of the investors who would normally look at that property."
"...good investments make sense before financing. Financing is a great tool to improve returns, but creative financing can be very risky. Save the most aggressive investors, real estate deals should be profitable before financing because of the uncertainty of the real estate market"
Quotes from Michael Cook's post: Touchdown in Greensboro: What Makes a Good Investment?
About the author:
Partnering with his wife, Michael Cook is a commercial real estate investor who complicates his life as an MBA student at The S.C. Johnson Graduate School of Management at Cornell University.Michael is relatively new as a weblogger, and, here and at his home weblog, his plan is to share with us his journey as an entrepreneurial commercial real estate investor.
from-Greg Swann on Bloodhound Blog
Michael won the Carnival of Real Estate Investing this week.
Dear Brian
Great informative blog, thanks for sharing your thoughts / blogs and I just wanted to say hello
Brian.... thanks for sharing., I read his blog and he makes some great points. It's funny, because some of the investors that I have come across think that it's easy, just like SFD residential homes that are primary. And when they want to put little money down, they wonder why their payments are high.
As Michael said.... a project that he thinks is a good investment, might not be good for the next. That you need to plan before buying and set goals. Sounds easy, but so many I think got caught up in the last 4 years, thinking instant equity..... not now.... this market is for the real investor, for the most part.
You're right, Jeff, when you say that this market is for the real investor. I hope you read a few more of his posts; the guy is brilliant. Michael was setting up a weblog on MySpace when Greg Swann found him. Can you imagine what a waste of talent that is?
I'm glad he's writing on a forum where professionals can see him. I just can't get him to consider AR...yet.
Hi Brian,
Hello to a fellow San Diegan. We are located in downtown in the Emerald Plaza on Broadway.
Great post. Investors all too often jump into real estate without even having a plan with goals, objectives and an exit strategy. It is critical that they have a plan.
Hope to meet you someday.