Many years ago I learned the difference between Risk and Uncertainty. Here’s my take. Risk is the probability of drawing to an inside straight in poker, or rolling 7 in a game of craps. You know the odds and either you win or you lose.
Uncertainty makes a game much more difficult to play. With uncertainty, you don’t know whether you can draw another card or not, or if a card will disappear from your hand, or even if your cards may change faces before your eyes! Or, you may not … (0 comments)
For fix and flip investors, who take virtually unsalable homes, make them new again for consumers and sell them, the last couple of years has presented a challenging environment. The cartel is withholding properties from the market (hoarding!) and declining to sell them at prices that allow them to be properly rehabilitated for a potential homeowner to purchase.
For rental investors, the market is also difficult. While rental demand is very strong, financing is a challenge and suitable homes are slow to come on the … (0 comments)
Chapter 7: The Bottom Line is Uncertainty
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