25 Things that dont make sense to me in real estate (please add to my list) 1) contractors who keep working for investors instead of partnering up or doing their own deals 2) handyman who do not push themselves to grow into licensed contractors 3) sellers (mostly homeowners) who allow brokers to bring buyers without exposing their property to the market through the multiple listing services (they are the victims of pocket listings) 4) brokers who are allowed to bring pocket listings to developers to double dip on the commission and get the re-listing once the developer has completed the project 5) brokers who are allowed to represent sellers and buyers in same transactions- lawyers cannot do it, how come brokers can? 6) banks who sell through brokers instead of directly to investors and home owners when they can do so as is where is because the law allows banks to give no to low disclosure and they can easily have a broker on staff and an updated website 7) investors who insist on having residential rentals when they can have longer term, low to no hassle commercial rentals 8) start up investors who want to buy and hold when they should be flipping enough deals in the beginning to build their cash reserves 9) investors who keep on flipping when they have built their cash reserves instead of buying and holding to reduce taxes and hassles 10) commercial brokers who do not get involved in syndications to grow their business 11) city planning offices that allow anyone to object to an improvement, an addition or a development in an area while those who object are not even neighbors or residents of the area 12) the government that complicates retirement accounts and their rules while they can consolidate and simplify. Maybe one type of IRA with higher allowable deductions and contributions as well as more flexibility to invest in RE 13) SEC that does not allow non- accredited investors to place their capital in successful RE syndications and receive safer higher returns 14) investors that set up so many entities to protect themselves but end up complicating their lives with the banks, insurance companies and Tenants. They can easily hold the real estate assets in their name and properly strip the equity using the right structure and asset protection program. 15) real estate business owners and investors who do not study the tax code to legally reduce their taxes while there are clear incentives offered by US congress such as setting up an office in the US territory of Puerto Rico. 16) investors who do not use a CPA office that can automate their bookkeeping and place all their data in the cloud for ease of access, back up and future growth 17) investors who try to do everything themselves instead of delegating to grow 18) investors who think they know it all and refuse to be more creative, do more research and studies and have meaningful relationship and a supporting network 19) investors who refuse to share their knowledge because they are insecure, afraid and self centered 20) single dimension investors who keep buying, fixing and selling instead of evolving into buying, improving, refinancing and holding 21) investor who cannot stop investing and end up being captives to the process and slaves to the proceeds. 22) investors who over leverage against their RE assets hoping the market will go higher 23) investors who do not use experienced attorneys to save a few bucks and ending paying a lot more to fix the mistakes that eventually arise in their business 24) investors who do not properly and eventually set up partnerships, syndications and legal as well as ethical methods for group investing 25) city officials that implement rent control or tax certain types of flips at a higher amount (ie prop. G in SF) which skews the market and ends up costing consumers and developers a lot more
Posted on: Sat, 04 Oct 2014 16:39:37 +0000
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