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.
Copyright© 2013 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com