Here’s the big answer: nobody knows. But here is what we do know: The economy has grown on average 2% annually since 2009 (over 20%). Consumer default rates have come down and remained at historically low averages. Vacancy rates have fallen, and in most markets...
Not all buildings are created equal, even if they look virtually identical when completed. Just as cars have widely different values — although all have four wheels, some doors and air conditioning — so real estate varies depending on how much value is built into...
One question we ask ourselves in angel investing or venture capital is, “Are we betting on the horse or the jockey?” Are we betting on the business model and idea, or on the operator of the business or executer of the idea? It’s a trick question,...
In 2006, my business partner and mentor, Buzz Oates, walked into my office and sat quietly in a chair for 20 minutes. That part wasn’t unusual. It was his habit to sit in my office for the last few hours of the day to think...
Whether you’re just starting out and moving out of a home office, or expanding your business and looking for a new warehouse or production facility, I have found it helpful to ask yourself three key questions before signing a lease. For a new business owner,...
I arrived home from work one day when my wife proudly announced that she had just made $200 by selling old clothes, household items and children’s accessories. She beamed and waited for me to reciprocate her pleasure, or offer congratulations. Instead, I did some quick...
“No battle plan ever survives contact with the enemy.” - Helmuth Graf von Moltke, Prussian general “Everyone has a plan 'til they get punched in the mouth.” Mike Tyson, heavyweight champion Early in my real estate development career, I valued information and planning above all else. I was...