Is It Midnight In Real Estate Investing?

I had an awesome conversation, with a REIA group the other day and I got a question about where I thought the economy was and where I thought things were going to be headed in the next 18 to 24 months.

I said something that I had heard, which I thought really summarizes my overall kind of gut feeling and gut check of where we were. I can’t remember where this reference came from, but essentially if you think of where we are in terms of the overall market in your area, I heard something that made me feel very interested about it.

We’re at 11:00 PM. The clock will strike midnight. When it strikes midnight and how long it’s going to take to get there, I don’t know, but it’s going to strike midnight at some point in time.

We’ve gone up, but we have yet to feel the weight of gravity. When that happens, I don’t know. That’s kind of how I felt.

So I delivered that and I said that and then the guy says,

“Well, are you issuing a warning in saying this?”

I replied,

“I think if you want to pick apart and news to find something negative about it and then start to find additional news that’s going to make you feel bearish on your local real estate market, then you can find enough evidence to support your thesis. I think if you’re looking for positive news that you can find enough evidence to support your thesis on the positive side so you pick like it’s a choose your own adventure. If you feel like it’s going to be bad, then it’s going to be bad. If you feel like it’s going to be good and there’s enough good opportunity, then it’s going to be good.”

I don’t think it’s enough to just pin all of your hopes and dreams or what you think is going to happen in the next 18 or 24 months on some pundits idea of negative news. You should take it into your own hands and get really granular with your own market; what’s working in the zip codes? What’s working street by street and then, go buy.

Very similarly in the entrepreneurial world.

In the healthcare startup space that I have called NPHub and we work with nurse practitioners. Our objective is to decrease the preceptor shortage across the United States.