Pen Pal Harry Kunelis DDS: a former dentist turned business tech developer, is the founder of HK®. Harry is a member of the American Academy of Craniofacial Pain. A licensed dentist in the State of Illinois. And a State of Illinois licensed Managing Real Estate Broker.
What your pal at the bank and your broker don’t tell you. The reason why your advisers won’t inform you on this calculation is because they’re not trained to think like a successful fund manager. And, therefore, they don’t know it themselves.
This is single-handed the most important lesson you’ll ever need to know when borrowing money from a bank to buy property.
Legendary investor Warren Buffet claims he shares a valuable philosophy with baseball great Ted Williams. Ted Williams once wrote that the most important thing for a hitter is to wait for the right pitch. Warren Buffet admitted he approaches investing with the exact same credo:
“…wait for the right pitch, yeah and wait for the right deal. And it will come. It’s the key to investing.” – Warren Buffet
This information is coming off the heels of a recent presentation I made at the American Association of Private Lenders conference at the Kansas City Convention Center. Many of the attendees were from Kansas City, Missouri. And appreciated the insights revealed in the real estate market technical analysis data (Lesson 1 of 7) from my book. Candidly, Kansas City isn’t a market that I would typically run an analysis on.
However, because a few of the locals were interested to learn more about Kansas City’s current wealth phase – from a technical analysis perspective – I decided to offer them a follow-up commentary here. Considering the kind hospitality they extended.
What a crime these days. How some of these buildings have the audacity to include the word “luxury” in their advertising. Whether in Shanghai, Chicago or New York, all I do is stare at architecture—even when I drive.
My wife preferred it back when I would drive twice the speed limit—yet, would actually keep my eyes on the road. These days, I drive half the speed limit; while staring at the construction and design of high quality buildings in premier locations.
Real estate schemes conjured up in Washington D.C. that no one tells you about. If you are buying and selling property for residential real estate investment in America, then learn about the selling restrictions that President Obama imposed on private investors. But not on the government class.
Whether the real estate investment client is a master real estate fund…or a sole individual looking to invest alone or in a group…knowing the three ways to determine property value remains a basic skill.
Without going into too much detail, we will identify the three methods of valuing a real estate investment as the…