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Warning - Risks of Rental Demand Declining When Investing in Real Estate
Manage episode 421331280 series 3409602
Inhoud geleverd door Real Estate Financial Planner LLC and James Orr and James Orr. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Real Estate Financial Planner LLC and James Orr and James Orr of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.
Warning - Risks of Rental Demand Declining When Investing in Real Estate
Risk, risk, risk... Life is full of risks.
To a limited degree, we get to choose which risks we voluntarily take on.
For example, if you choose to invest in real estate, you choose to take on some additional risks that you might not—directly—face if you opt to invest in something else with its own set of risks.
One risk when investing in real estate is the risk that the property you buy as a rental experiences a decline in rental demand, which often leads to a reduction in the rent you are getting.
What are some things we can do to eliminate or mitigate this risk in advance of seeing possible rental market demand declining, and what are some things we can do after demand softens?
That’s what James will cover in this mini-class.
In this class, James discusses:
- A George S Patton quote about fear, risks and making decisions.
- More/Less speculative returns and why cash flow is more speculative than most people believe
- Buying properties that have mass appeal
- Buying better quality properties
- Modifying Warren Buffett's quote: Buying wonderful properties at fair prices versus buying fair properties at wonderful prices.
- Two opposing thoughts: discount for protection or quality to avoid selling
- Lower rent, hold on and absorb lower income
- Reserves and cumulative negative cash flow
- Change use
- Improve cash flow
- Sell
- Give property back
- Refi and/or recast
- Bring in partner
- Plus much more...
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