"Don't Throw out the Bicycle for the Bumps in the Road"!
I love expressions like this. They speak to the real emotions that real estate investors face everyday and carry that folksy remedy that our parents used as an approach to tough situations.
Today, real estate investors are facing more and more tough situations and some are tougher than others. The obstacles we face as real estate investors, especially Memphis investors wanting to buy discount properties in Memphis with leverage, seem to come out of nowhere right when we get to the finish line. We often have that feeling that the road gets a little bumpier just as things appear to be going smoother. The bumps are getting a little bumpier too!
So here's my advice - don't throw out the bike for the bumps in the road. It's not the bike's fault - it's not the rider's fault - heck, it's not even the road's fault. There are so many things happening right now in the real estate world which are completely out of our control (until the next election cycle). With the squeeze and pressure from the economy as well as the continued shrinking of the job market, the lending industry and rules they apply seem to be in constant turmoil. The reality is, for qualified investors, especially investors who have good credit, good reserves and cash to invest in real estate, the returns are tremendous and far outpace most traditional investment accounts today.
The bumps that all investors face today will continue and sometimes will even get deeper and harder to navigate. But, the road will straighten and smooth out and investors will find it easy once again to navigate. Those lucky enough to still ave their bikes will ride into the sunset with some fantastic properties and all the hard work will pay off when it comes time to cash in.
