Chystal jsem se koupit nejake knizky na Amazonu o kdyz jsem si procital recenzi na jednu z nich tak jsem narazil na nasledujici rady. Mimochodem to recenzi napsal John T. Reed. Je to jeden z velmi mala lidi, ktery vam pomuze orientovat se v tom jake knihy ohledne investovani v realitach jsouspise “bullshit” a jake davaji smysl.Ty jeho recenze najdete v sekci Real Estate Guru Ratings.
Tohle jsou radyz knihy Maverick Real Estate Investing + nejake komentare od John T. Reeda(sorry, ale je to v anglictine, ktere nejdou uplne presne prelozit). Takze mala lekce anglictiny… Jsou to dobre postrehy, ktere stoji za to precist.
‘¢Sometimes patience and persistence are great virtues in getting good deals; other times, speed is.
‘¢The bigger the deal, the more people you have to get to agree and the more time it takes to do that.
‘¢You ought to have some overriding strategy and discipline to stick to it, not just wander around like a dog sniffing every property and buying on impulse.
‘¢The more you know about the property and its sellers the better.
‘¢Take steps to reduce risk like using partners instead of lenders. The book quotes Trump as saying, “Protect the downside and the upside will take care of itself.’� I disagree with all such, “If you err, err on the side of’¦’� shibboleths. The correct advice is, “Don’t err.’� Trump’s advice presumes general increases in property net incomes and values. Sometimes, it does not work out that way. You need to play both “offense’� (increase income and sale price) and “defense’� (minimize expenses and risks). Switching from debt to equity reduces default risk, but increases partner dispute risk. No free lunch.
‘¢Get the fast buck, not the last buck. Don’t negotiate so hard that you alienate people you are likely to encounter again in future deals.
‘¢It is generally best to do your own negotiating.
‘¢Successful investors are not motivated by money. They are past that. They do deals because they are good at them and enjoy them.
‘¢Take advantage of unexpected targets of opportunity.
‘¢ The down part of the cycle can kill you financially. Protect yourself.
‘¢Be a contrarian. Easier said than done. To do so, you need to get capital when capital is hard to get. And you need the raw courage to go in when thousands of “refugees’� are streaming out in the opposite direction.
‘¢Have objective criteria as to when to get into the market and when to get out.
‘¢Corporations do stupid stuff like giving a great deal if you close by the end of a quarter or fiscal year.
‘¢Sometimes, you get a property by coming in second in the bidding, but being the only bidder of the top two who can actually close.
‘¢ Partnerships are needed to do some deals. I add, don’t do those deals.
‘¢When you do partnerships, make sure everyone involved in decisions has equal amounts of their own money in the deal.
‘¢One viable strategy is to buy poorly managed properties cheap then increase their values by managing them correctly.
‘¢When investing in an area with an inferiority complex (e.g., Canada, Fort Worth), have a local partner.
‘¢Have multiple exit strategies. Sounds good. What does it mean? The way I heard it is that competent investors are already thinking about how they are going to get out of a property when they are acquiring it. One example would be to avoid land or some income property because they almost always requires the seller to take back a loan to sell.
‘¢Know your property type better than anyone else and have only partners who respect your expertise and rely on your recommendations.
‘¢ A good reputation is an extremely useful investment tool.
‘¢ Buying a property for less than market value is a good deal. All other factors like location, pride of ownership construction quality and so forth are beside the point.
‘¢You can improve a location, but that is tricky and difficult.
‘¢It is better for the seller to be distressed than building or location.
Par dalsich veci na ktere jsem narazil alibi se me:
Samuel Zell did share his recipe for success: first understand that everything boils down to supply and demand constraints, then get on the ground and meet people, make mistakes and do not stop until you find opportunities where your dollar is worth the most.
Pak jsem jste tady narazil na tento citat:
An expert is a person who has made all the mistakes that can be made in a very narrow field.” – Niels Bohr