Think-Realty-Magazine-October-2018

FROM THE EDI TOR- IN-CHI EF

PUBLISHER Eddie Wilson

CEO, AFFINITY WORLDWIDE Eddie Wilson | EWilson@AffinityWorldwide.com

Change is a Good Thing

EDITOR-IN-CHIEF Carole VanSickle Ellis CEllis@ThinkRealty.com SALES MANAGER Rodney Halford RHalford@ThinkRealty.com 816-398-4111 x86122 NATIONAL SALES MANAGER Teresa Stanton TStanton@ThinkRealty.com 816-398-4111 x86224 CONTENT DIRECTOR Abby Tillman ATillman@ThinkRealty.com FULFILLMENT COORDINATOR Blair Pierce BPierce@ThinkRealty.com DESIGN CONSULTANTS Rivet | www.WeAreRivet.com

W

hen dragonflies metamorphose from their aquatic “nymph”

emerging from the wreckage of a blighted property or the ruin of neglect. It’s kind of like a butterfly, which is probably the insect meta- morphosis comparison with which most of us are most familiar. I didn’t pick the classic caterpillar-to-butterfly transformation, however. Instead, I went

stage to full-fledged adulthood, the process is painful to watch. First, the teenage dragonfly hauls itself out of the water and painfully drags its body, which is meant for swimming, not walking, to higher ground. Then, the fully grown dragonfly slowly and painfully rips its way out of its own skin, revealing that it was literally bent in half inside the small nymph body. It’s amazing to see, and painful to watch. Remind you of anything? You nailed it: It’s a little like real estate. How’d you guess? Is it remembering the first time you took a house all the way down to the studs? Most inves- tors recall this transformational experience fondly, but they also tend to add it was a lot harder than they expected. Was it your recollection of the housing bust in the mid-2000s? Fortunes were made in the aftermath, but no one enjoyed seeing the financial devastation and foreclosure fallout that accompanied that incredi- ble real estate opportunity. Did you feel a shiver, thinking about how hous- ing is changing again? While most investors admit no boom can last forever, many are uncertain about how changing market conditions will affect their businesses, par- ticularly if those real estate businesses are younger than a decade. In real estate, transformation is frequently beautiful. Think of the perfectly flipped house,

with an insect that really showcases the struggle that comes with all positive growth and, by exten- sion, eventual flight. That’s because in some ways, this market shift could create a struggle for some investors. The work will be worth it, though, if like the dragonfly nymph coming ashore, internally you are fully prepared to fly. Around the country, the currents that govern our housing markets are shifting. While it’s unlike- ly we will experience a “bust” like the last one, it is highly probable we are about to see some correc- tions. Markets that seemed unable to slow their skyward momentum will level and, in some cases, even dip. Markets that lagged in recovery may find themselves relatively more attractive in the coming months. It is likely nearly all markets will experi- ence some “adjustments” as foreclosure volumes rise naturally (probably not catastrophically) and appraisals begin occasionally coming in a bit lower than property owners planned. Whether you have seen seven market cycles or less than half of one, be assured: Change is coming in housing. Additionally, be assured of this: The real estate investing sector thrives on change. So will you, and Think Realty is here to support you every step of the journey out of the waves, onto the beach, and into the sky. •

DESIGNER Emily Bowers

CONTRIBUTING WRITERS Daniela Andreevska, Jeremy Brutus, Jennifer Jo Cobb, Anita Corsini, Paul Fiorilla, Samuel K. Freshman, "Libby Landlord", Brad McDaniel, W.J. Mencarow, Tom Olson,

STYLE. IT’S WORTH YOUR WHILE.

Greg Rand, BreAnn Stephenson, Andrew Syrios and Ingo Winzer.

COVER PHOTOGRAPHY Tim Hughes

Design examples that work for your properties and your ROI! Renovate your property for a bidding war between buyers (or renters) with ThinkRealty.com’s newest feature: design guides for investors. We hear all the time about the stress caused by design decisions when flipping a property. That’s why we’ve developed these inspirational guides—to take the hassle out of making choices between color schemes, lighting options, tile patterns, and more. Find the designs that match your vision and budget, and get the ROI you want from your property. It’s all on ThinkRealty.com! Create an account on ThinkRealty.com—completely free—to take advantage of this feature and learn about everything else Think Realty has to offer!

FOR ARTICLE REPRINTS :: Contact Jeremy Ellis at Reprint Pros, 949-702-5390. www.reprintpros.com. SUBSCRIPTIONS :: The annual subscription for Think Realty Magazine is $28.95 in the U.S. Order online at www.ThinkRealty.com or call 816-398-4085. Provide your full name, address and telephone number. DISCLAIMER :: Think Realty Magazine , its owners, contractors, distributors and their respective representatives do not provide tax, accounting, investment or legal advice and make no guarantee as to the effectiveness or success of any investment or tax strategies discussed herein. Please consult your own independent adviser as to any questions you have or decision you are contemplating. ABOUT THIS MAGAZINE :: ThinkRealtyMagazine isapublicationof AffinityRealEstateMediaLLC.Reproductionoruseofanyeditorial orgraphic,withoutpermission, isprohibited.Wearenotresponsible for thecontentofanypaidadvertisements.Forreprintrights; toob- tainadetailedstatementofourprivacypolicy;and forallsingle-copy requests,addresschangesandothersubscription inquiries:

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