Real Estate is like Rap Music

Now wait. You got this far. Hear me out before you bounce out to another site... Like Rap music, Real Estate saw a rapid rise, a quick plateau, and then a sudden fall. Real estate and rap music are both down, but not out for the count. In both instances, cooler heads and better talent will prevail. "Old School Rap" endures while most of the newer stuff hurts my ears and offends my intelligence. "Old School Real Estate" endures: principles like location, cash flow, proper structuring, great management, and orderly liquidation. The newer real estate "stuff" offends the senses of prudent investors and, like mosquitoes drawn to a backyard cookout has drawn the unwise, unskilled, and unappreciative into the industry. Nearly every newly minted real estate investor with a hammer and a circular saw bought and sold everything they could get their hands on - winning a bidding war on a fixer-upper was seen as a merit badge: the cost of doing business until you could flip it to a greater fool, pay your capital gains and repeat the cycle… Similarly, some music execs throw signing bonuses at every 4th place act at the local talent show hoping they can “add value” and then string enough of these one hit wonders together to create a career and justify their salary. Can you say, "Who let the Dogs Out?" It had a catchy beat and hook, but overall was just another "one hit wonder."

I've had my share of "dogs", but unlike a music exec (and some investors), I don't hope to string along one one hit wonder after another...

Like I said previously, Real Estate and Rap music are down but not out. I hold out hope for both.

PS. If you see that you've strung along a series of one hit wonders and want to change, give me a call.

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