Resisting Recession
How to Build and Preserve Your Real Estate Investments Regardless of Market Conditions
Overview
Investing is incredibly unique for everyone. There’s no one way and nothing is cookie cutter. The period in your life, having different resources, differing levels of sophistication knowledge and levels of sacrifice, or different financial expectations and goals. A keen awareness of your personal financial needs help to dictate your business options.
So, it goes without saying, your specific plan can vary drastically from someone else’s; even using long-term principles. As a long-term real estate investor, I advocate for safe, stable, smart investments first as opposed to the trend of flashy returns. If you really want to create your profitable plan for long-term investing, you need to define your unique profile. If you want it to be sustainable, know your short-term needs. Your profile is a combination of components, both personal and financial. Here is a sample set of questions we use for our clients that help us figure out their strategy and plan:
· How stable and/or profitable is your current career?
· How much income do you require annually?
· How much capital do you have and how leveraged are you?
· What will be your short- and long-term income needs?
· Are you diversified in your current investments?
· Do you have children and if so, are they independent, going to college, or have careers?
· Do you plan on having more children?
· What are your contingency financial plans over the next 20 years?
· What retirement plans do you have?
· What other major life plans do you have set out for your future?
· How involved do you want to be with your investments?
If you want a more comprehensive list email us or go to www.Signetinvestments.com/consulting and click on “what’s your profile” for a profile test.
Do you want to know how you can build a powerhouse real estate portfolio that can withstand recessions? Keep reading.
With the advent of crowdfunding being almost a quarter of real estate private equity today, many new investors have entered the real estate world without certain wisdom and lessons that have been exchanged in private “country club” conversations. On top of that, with recurring signs of recession burning at the core of the economy, far too many individuals are positioned to lose their life savings.
Author Eduardo Sigal outlines forgotten, deeply rooted “how to’s” in building and protecting your real estate investments. Growing up in a family business of real estate investing, Eduardo is now stepping up to provide readers with a different—and much needed—perspective. As his foundation is deeply rooted in the success of a variety of investing professionals, he can see what’s at stake for people who have positioned themselves in a way that leaves them vulnerable to the inevitable unknowns of the market.
TABLE OF CONTENTS
- PART 1: UNDERSTANDING THE PROBLEM
- CHAPTER 1: THE INVESTMENT CULTURE OF TODAY
- CHAPTER 2: REGULATORY CHANGES AND THE DEMOCRATIZATION OF INVESTING
- CHAPTER 3: ECONOMIC CYCLES AND MACROECONOMIC ISSUES
- CHAPTER 4: THE NATURE OF A RECESSION
- PART 2: WE NEED A PARADIGM SHIFT—THE LONG-TERM PLAN
- CHAPTER 5: THREE GOALS (OF THIS BOOK) AND AN IMPORTANT NOTE
- CHAPTER 6: INTRODUCTION TO LONG-TERM INVESTING
- PART 3: THE PHILOSOPHY AND MINDSET OF A LONG-TERM INVESTOR
- CHAPTER 7: PHILOSOPHY 1: BE A GROW-ER, NOT A SHOW-ER
- CHAPTER 8: PHILOSOPHY 2: YOUR REPUTATION, ALWAYS
- CHAPTER 9: PHILOSOPHY 3: PICK UP THE [damn] PHONE! RESPECT YOUR RELATIONSHIPS
- CHAPTER 10: PHILOSOPHY 4: WHAT THEY DON’T TELL YOU ABOUT FINANCIAL METRICS
- CHAPTER 11: PHILOSOPHY 5: BUY THE POSITION, NOT THE RETURN
- CHAPTER 12: PHILOSOPHY 6: MANAGE YOUR LEVERAGE SO YOU STAY IN CONTROL
- CHAPTER 13: PHILOSOPHY 7: WHY SUCCESSFUL LANDLORDS DO NOT SELL THEIR REAL ESTATE
- CHAPTER 14: PHILOSOPHY 8: BE READY TO PIVOT, OR YOU WILL BE PIVOTED
- PART 4: THE STRATEGIES/APPROACH OF A LONG-TERM REAL ESTATE INVESTOR
- CHAPTER 15: STRATEGY 1: ANALYZE OPPORTUNITIES WITH AN EMPTY MIND
- CHAPTER 16: STRATEGY 2: INVESTING WITH NO PARTNERS
- CHAPTER 17: STRATEGY 3: FOCUS YOUR INVESTMENTS ON YOUR STRONGEST CAPACITIES
- CHAPTER 18: STRATEGY 4: HEDGE YOUR WEAKNESSES
- CHAPTER 19: STRATEGY 5: BUILD YOUR SUPPORT TEAM
- CHAPTER 20: STRATEGY 6: A FINANCIALLY STRONG RETIREMENT
- CHAPTER 21: STRATEGY 7: SHOULD YOU FOCUS ON CASH FLOW OR APPRECIATION?
- CHAPTER 22: STRATEGY 8: YOUR PROPERTY RESERVES PROTECT YOUR INVESTMENT!
- CHAPTER 23: STRATEGY 9: VALUE-ADD STRATEGIES
- CHAPTER 24: STRATEGY 10: TRENDS AND FORCES THAT SHAPE REAL ESTATE
- CHAPTER 25: STRATEGY 11: DIVERSIFICATION
- PART 5: INVESTING WITH OTHERS
- CHAPTER: 26 SHOULD YOU INVEST IN A SYNDICATION, FUND, OR REIT?
- CHAPTER 27: WHOM TO INVEST WITH AND OTHER CONSIDERATIONS
- CONCLUSION
Latest Reviews from Amazon
Do give this book a chance if you are trying to understand more about real estate investing during these extraordinary times. Pleasant, exciting and informative read. Looking forward to author’s other works.
Similarly written to Rich Dad, Poor Dad. Very relatable. These are great lessons whether you're a beginner or an expert in real estate. Many of the chapters apply to anyone that is interested in being in business long term. The things spoken about in this book not only apply to real estate but to business in general.
The book is relatable and easy to digest with tons of helpful strategies. Advice offered is more than just the business side of investing but also why the personal aspects of business matter as well.
As one with considerable real estate investment experience, I found Resisting Recession offers sound and sage advice for beginners and advanced investors alike.
Easy to understand ,and very entertaining book. It is beautiful when he talks about his family background.
Could not put it down. Highly recommend it.
Quick read and informative. Filled with strategies that will benefit me right now. Anyone will benefit from this book.
About the Author
Eduardo “Boots” Sigal was adopted from the jungle of Costa Rica. From the early age of 11, Sigal was included by his father, a successful real estate professional, in meetings with his longtime partners as well as tours of commercial properties. These people remain some of the most successful professionals in real estate, making those experiences invaluable.
Over the decades, Sigal grew his own professional relationships and investment portfolio. He also earned his Entrepreneurship MBA at Pepperdine, joined ICSC, and founded his consulting and investing company, Signet Investments, as well as affiliated companies.
While Sigal is more of a listener than a talker, his curiosity led him to conduct a series of interviews and, eventually, to create The Signet Podcast. There, he dives deep into how fellow long-term investors approach investing, expanding these discussions to insights and investment walk-throughs. Writing this book has been an opportunity for Sigal to express the deepest, most valuable lessons that he has learned for achieving success in real estate.
