“Not everything that can be counted counts, and not everything that counts can be counted.”
—William Bruce Cameron
I was talking to a group of real estate investors at an investor meet-up. A few of them purchased buy and hold properties in the middle of the Great Recession. They focused on the numbers and closed a buy and hold deal with a potential 25 percent cash-on-cash return.
Things were going well for a time, but as soon as the market recovered, vacancies began to rise.[Read more…] about Blinded by Numbers: How Fixating on Metrics Can Lead to Bad Investments