“The time to take counsel of your fears is before you make an important battle decision. That’s the time to listen to every fear you can imagine! When you have collected all the facts and fears and made your decision, turn off all your fears and go ahead!” – George S. Patton
What are your fears relating to real estate?
In this special presentation that I gave on November 2, 2016 in Fort Collins I documented every risk that we could imagine about real estate.
Then, once we’ve named each of our fears, we methodically, one-by-one, went through each risk and we looked at ways that we could avoid it completely. And, in those situations where we could not avoid it completely, we looked at ways to mitigate the downside should that risk become a reality.
The seed of this presentation began as my best friend and I discussed what is riskier: to put nothing down in a deal or to put 20 or 30% down? Ron LeGrand used to say you can’t lose money if you don’t put any money in the deal. And, while that’s true, there may be other factors at risk (like credit and/or reputation) that may also be factors.