By Greg Rand, CEO, OwnAmerica
RISMEDIA, February 15, 2011–Every piece of real estate is running through two cycles simultaneously. The market cycle we have already talked about. This week we are focused on the “Property Lifecycle.” Every property is in a constant state of flux; from deterioration to restoration, and back to deterioration again. Understanding this cycle enabled you to find those ugly ducklings and turn them into beautiful swans, and grow wealth in the process.
Editor’s Note: Prospering in the Real Estate Revival is a weekly video column by OwnAmerica CEO Greg Rand (@gsrand on Twitter). Each week Rand will offer his expert insights into how to grow wealth in the current real estate market.
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