Timing, Finding & Moving

Timing, Finding & Moving

By: Nicholas A. Dunlap, CPM

Successful investing is about timing, finding and moving on the best opportunities available in the marketplace. Having said that, it is important to consider just how these opportunities fit within some of the more noted or historic patterns of wealth building utilized by investors. As the saying goes, there is no need to reinvent the wheel. Focus your efforts by looking for the best opportunities in today’s market and adhering to proven models such as exchanging up or leveraging your way to success.

Right now in Orange and Los Angeles Counties, the opportunities are in the distressed 2 to 4 unit complexes that seem to clog Loopnet and the MLS. There are very few pride of ownership properties in this unit range on the market and the ones that are, seem out of place. Look for a fixer upper in need of TLC and find your value. Then, join your local Apartment Association and self-manage your property. If you work long hours and are otherwise unable to dedicate part of your time to self-managing, consider a group real estate investment. Partnering alongside likeminded investors in a private placement syndication will allow you to own a portion of a larger property, likely yielding a greater return.

Tailoring your investments to fit you and your lifestyle is of the utmost importance. The return on your investment should supplement your income and lifestyle, not compromise it. Before you invest, ensure you are making the right decision by effectively quantifying the investment vehicle and your corresponding involvement. If you foresee the investment becoming more detrimental than supplemental, you should likely not proceed with the transaction.

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