The perfect investment: create enduring wealth from the historic shift to multifamily housing9/19/2023 ![]() ![]() After operations commenced, we learned about some local market dynamics that caused the asset to struggle for years to get to breakeven. Like the time our firm invested millions in an almost new self-storage facility in Florida. And even if the inspection is accurate, some un-inspectable surprises still come to light after closing. And real estate investors go to great lengths doing inspections to learn all they can about a property.īut some things don’t turn up in inspections. Knowledgeable advisors say, “Caveat emptor…Buyer beware!” for a reason. I didn’t realize the bowed shape in the basement’s front wall was the result of a serious situation that needed immediate attention. It was early in my real estate career, and I was closing quickly to get a reduced price. I recall the time I acquired a pricey waterfront investment home for cash. I’m talking about discovering a significant flaw in a purchase… after it is in my possession. But if you have purchased many cars or almost anything else of significant value, you’ve probably had this unfortunate experience. If you’ve invested in real estate, you probably do. ![]()
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