We’ve all heard the real estate axiom: location, location, location. In the real estate investing biz it’s really situation, situation, situation.

Situation is the combination of:

• the right timing
• the right location
• the right capabilities

There’s an example in every town: a decent commercial building on a busy street corner with easy access and good parking. It’s a decent building but it’s usually vacant. If a new business moves in, it’s gone within a year. Down the street from my last house was a property that held several businesses, including a specialty bakery. The bakery didn’t last because it wasn’t an upscale location. Next, a neighborhood diner moved in. It’s doing great business because the owner had the resources to rehab the building and run a restaurant – and he chose an appropriate location. That’s the right situation.

In multifamily investing, situation is the combination of:

the right location: Are you investing in the path of progress      or declining neighborhoods?

the right timing: Are you investing in markets in: recovery & expansion      or contraction & recession

the right capabilities: Do you have: strong skills & knowledge; a professional team; financial reserves      or insufficient skills & experience; a go-it-alone plan; no financial reserves

Patrick Leblanc is the president of Reflex Investors Inc. and has been investing in real estate since 1991. Reflex Investors buys multifamily properties by offering investors a fixed 10% return in private mortgage notes. Patrick can be reached at http://www.Reflex-Investors.com and http://www.Solid-Return.com

Reflex Investors Inc. is a Massachusetts-based real estate services company. Acquiring investment property in high value markets across the U.S. Reflex offers no hassle, no headaches, real estate investing opportunities.

Posted by admin on Friday, August 8th, 2008 at 12:53 am.