Paying attention to the economics of the business is extremely important because even if you have a stable real estate business and an investment thesis that makes sense, the market can blindside you. Many people got completely devastated during 2008, even though they made money for decades beforehand. While this economic expansion may go on for a while, eventually there is going to be a correction, so being prepared and knowledgable beforehand can protect you and your assets.
Our guest for today is Bruce Norris who is an active investor, hard money lender, and real estate educator with over 35 years of experience. He has been involved in more than 2,000 real estate transactions as a buyer, seller, builder, and hard money partner. Bruce is well-known for his ability to forecast long-term real estate market trends and timing. He released The California Comeback report in 1997 which gained him a significant amount of notoriety. In January 2006, Bruce released The California Crash which is an in-depth look into the California market correction and the statistics behind his predictions.
Today we are going to discuss…
- What our guest believes is the single most important metric you need to know when attempting to time the real estate market
- How it is possible that we are simultaneously at a 50-year low in unemployment and a 10-year low in sales volume
- Why our guest has focused on residential as opposed to commercial
- Where our guest is currently investing
Learn more about our guest: