Kendra Todd: "the bubble is a myth"
October 12, 2006 at 2:04 pm | In bubble, celebrity, kendra todd, media, usa | 5 Comments
Former Apprentice winner and author
Talking about a bubble implies a sudden burst, and real estate does not work that way. You don’t go to sleep one night with your house worth half a million dollars and wake up to find it’s lost half its value. Also, the real estate market is a regional phenomenon based on all kinds of factors: migration to or from an area, job growth and local economies. So while there is no bubble, there are areas in the U.S. that are experiencing corrections that will continue over the next six to 24 months. There are also markets that will appreciate over that same period. The trick is keeping your cool and taking advantage of the opportunities.
Her advice to investors is to focus on the “secondary markets” and highlighted Tucson, AZ and Orlando, FL as examples.
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One of the things that I see happen, a lot, is people get trapped in the “what if” mode – especially when looking at investment real estate. They’re not sure how to succeed at commercial real estate.
For starters, it makes sense to gather as much information as you can and analyze this information before doing anything – no question about that. As a matter of fact there are many people that DO NOT do enough of this.
However, after some have the required information to make a decision – they still pull the “what if” card – to their detriment.
What if the ecomony goes to hell?
What if the tenant trashes the place?
What if interest rates go up?
What if the owner is lying about…..?
Etc.
You have got to have the energy to get beyond these kinds of what ifs. If you do not and, Yes, stick you neck out there, you will look back on what you did not do with more regret that what you probably did do.
Especially when it comes to investment real estate.
If I had a dollar for everytime I heard “Should have bought that property” I would be Bill Gates neighbor on the Forbes 400 list.
Don’t get too analytical. Too anal. This will hold your wealth back almost more than anything else.
Best.
Darin Garman, CCIM
Apartment And Investment Property Specialist
P.S. If you have not taken advantage of my special limited time 2 month complimentary “test drive” of the Commercial Investment Property Owners Association, here is another opportunity to see what you have been missing…
http://www.garmanupdate.com
Comment by Darin Garman, CCIM — October 19, 2006 #
One of the things that I see happen, a lot, is people get trapped in the “what if” mode – especially when looking at investment real estate. They’re not sure how to succeed at commercial real estate.
For starters, it makes sense to gather as much information as you can and analyze this information before doing anything – no question about that. As a matter of fact there are many people that DO NOT do enough of this.
However, after some have the required information to make a decision – they still pull the “what if” card – to their detriment.
What if the ecomony goes to hell?
What if the tenant trashes the place?
What if interest rates go up?
What if the owner is lying about…..?
Etc.
You have got to have the energy to get beyond these kinds of what ifs. If you do not and, Yes, stick you neck out there, you will look back on what you did not do with more regret that what you probably did do.
Especially when it comes to investment real estate.
If I had a dollar for everytime I heard “Should have bought that property” I would be Bill Gates neighbor on the Forbes 400 list.
Don’t get too analytical. Too anal. This will hold your wealth back almost more than anything else.
Best.
Darin Garman, CCIM
Apartment And Investment Property Specialist
P.S. If you have not taken advantage of my special limited time 2 month complimentary “test drive” of the Commercial Investment Property Owners Association, here is another opportunity to see what you have been missing…
http://www.garmanupdate.com
Comment by Darin Garman, CCIM — October 19, 2006 #
this is junk.
we have a serious economic problem, stemmed from over leveraging and thus negative equity.
Comment by picklerealestate — June 5, 2008 #
Looks like Kendra Todd was WAY WRONG. I wish someone would call her out on it.
Comment by Tom — July 12, 2008 #
‘Apprentice’ winner Kendra Todd accused of fraud in lawsuit over homesale: http://www.palmbeachpost.com/news/content/business/epaper/2009/06/21/sunbiz_thesource_0621.html?cxtype=rss&cxsvc=7&cxcat=6
Well well, Todd gets fired from her first firm in florida, runs to seattle with the Kendra Todd Group and starts scamming people. But you can’t run forever blondie…
Comment by johnnie-o — June 23, 2009 #