A Real Estate Investor’s Doxology
I wrote this over three and a half years ago. This morning while commenting on William Johnson’s Just What We Need - Increasing Competition For Our Home Buyers
Perhaps instead of lamenting about fewer home buyers we should expand our marketing to home investors! To me that’s a full circle, because that’s where I started.
Consider this pragmatically, it was not unusual for me to sell a dozen rentals to a single client over 3 to 10 years. Returning to lending it was the same story 1 to 3 owner occupied loans to one client over a decade, 10 to 50 non-owner occupied loans over the same time to each client!
Chicken Little and his friends are running about shouting "The sky is falling, the sky is falling!" Values are unpredictable! So what when an investor buys a house with a positive cash flow it pays the investor every month regardless of it’s value! Chicken Little and friends have driven rents up by limiting buyers.
The Doxology:
Praise tenants from whom all blessings flow;
Praise tenants all landlords here below;
Praise tenants above free loading in-laws;
Praise father, mother, and six screaming brats.
From all that dwell in houses of mine;
Let my guru's praise a-rise;
Let my cheap decorator's name be sung;
Through every land in every tongue.
Eternal are thy monthly tidings;
And truth eternal thy poverty;
Thy praise shall sound from month to month;
Till rents shall rise beyond thy ability;
At which time I'll evict thee.
The praise tenants above home buyers;
Eternal praise cause fortunes to arise;
Then praise thy tenants forever more;
Sing of rents rising to the sky and fees acuminating.
Praise tenants from whom all blessings flow;
Praise tenants all landlords here be-low;
Praise tenants above free loading in-laws;
Praise father, mother, and six screaming brats.
Amen!
Near the end of each service we all stood and sang the Doxology as the offering was collected. The first 45 seconds of this video was closest I could find.
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