i remember nyc in the 70’s, i grew up there. somehow i just don’t think that nyc’s turnaround (admittedly dramatic) is analagous to what we have here now in CA. Not sure i can articulate it, but you have this trememndously amazing, expensive to build, unique infrastucture ina tight space. it just seem smore valuable, more defined, easier to spruce up. the financial problems seemed less complex and weren’t dependent ont he people themselves being leveraged to the hilt. i don’t know. it did look bleak in a lot of parts of nyc …not where we lived way out in brooklyn. but the whole place was dirtier, poorer…my mom continues to be amazed at how the city rejuvenated….
[quote=EconProf] Instead, cash flow is primary. You must control costs, attract and keep tenants, and just work the property hands-on style the old fashioned way. (That’s why most of my properties are in Yuma, a pleasant 2 3/4 hour drive away).[/quote]
I absolutely agree. The investor needs to be hands-on. I’m only looking at places I want to visit frequently or where I have good friends and relatives who can help me out.
[quote=EconProf] Instead, cash flow is primary. You must control costs, attract and keep tenants, and just work the property hands-on style the old fashioned way. (That’s why most of my properties are in Yuma, a pleasant 2 3/4 hour drive away).[/quote]
I absolutely agree. The investor needs to be hands-on. I’m only looking at places I want to visit frequently or where I have good friends and relatives who can help me out.
[quote=EconProf] Instead, cash flow is primary. You must control costs, attract and keep tenants, and just work the property hands-on style the old fashioned way. (That’s why most of my properties are in Yuma, a pleasant 2 3/4 hour drive away).[/quote]
I absolutely agree. The investor needs to be hands-on. I’m only looking at places I want to visit frequently or where I have good friends and relatives who can help me out.
[quote=EconProf] Instead, cash flow is primary. You must control costs, attract and keep tenants, and just work the property hands-on style the old fashioned way. (That’s why most of my properties are in Yuma, a pleasant 2 3/4 hour drive away).[/quote]
I absolutely agree. The investor needs to be hands-on. I’m only looking at places I want to visit frequently or where I have good friends and relatives who can help me out.
[quote=EconProf] Instead, cash flow is primary. You must control costs, attract and keep tenants, and just work the property hands-on style the old fashioned way. (That’s why most of my properties are in Yuma, a pleasant 2 3/4 hour drive away).[/quote]
I absolutely agree. The investor needs to be hands-on. I’m only looking at places I want to visit frequently or where I have good friends and relatives who can help me out.
