Chapter 13
Why Properties Fail
In This Chapter
Discovering what it means for a property to fail
Determining how the investor, property management, and the market cause failure
Knowing when to fold on a property
Tips on surviving and thriving
Do you remember studying all night for an exam and being completely ready for it, but when it came time to take it, nothing on the exam was what you studied for? You probably threw your hands in the air and asked, “Why did everything go wrong? How did I fail so miserably?”
That’s exactly how coauthor Peter Harris felt when his first real estate failure happened. As he coped with this failure, he took several real estate and life lessons from it. For instance, he discovered that every failure in his life had a cause. And he gained more insight through these failures than he did through his successes. He also realized that he could come back stronger, smarter, more humble, more appreciative, and more successful from any failure. And he has. Countless other investors and entrepreneurs have done the same.
Having said all that, we want to remind ...
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