The Nick Huber Show 154: In good times we make money - in hard times we acquire great assets
Jul 30, 2024
Discover essential real estate strategies for navigating changing markets and the potential benefits of difficult economic times. Learn about self-storage investment challenges, from declining prices to occupancy issues, and the importance of strategic planning. Insights into new resources and community connections reveal how to thrive even during tough phases. Plus, explore effective investment moves that could lead to acquiring great assets.
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Signs of Operational Weakness
- Self-storage rentals and occupancy declined 20-30% recently, indicating operational weakness.
- This decline is partly due to a standstill in household formation and reduced local moves.
Acquire Assets in Hard Times
- When interest rates are high and fear sets in, it is a great time to acquire quality real estate assets.
- Prepare to acquire great assets even if you don't make quick profits during tough times.
Real Estate as Hunting
- Nick compares real estate investing to hunting, describing periods of waiting and sprints of opportunity.
- He notes that most days are for waiting, but sometimes you get a chance to chase and capture valuable deals.