Buying a Business to 20x a Real Estate Empire
Acquiring Minds
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The Importance of Understanding the Local Real Estate Market
In this chapter, they discuss why having a deep understanding of the local real estate market is crucial for property managers, even more so than for real estate agents or investors. They highlight the importance of knowing the values of the market and the concentration of their client base. They also mention the significance of demonstrating credibility to both clients and lenders by showcasing their extensive knowledge of the market.
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