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Author: Chad Richards

Risk is Not a Four Letter Word

Is an expected 25% IRR better than an expected 14% IRR? Is a 5-year investment better than a 2-year investment? Is an investment in an industrial project better than an investment in a new office building? Is a real estate investment better if it has

Band-Aids All the Way Down

It is believed that the phrase “Turtles all the way down” originated in the early 20th century when British philosopher (and mathematician and astronomist) Bertrand Russell welcomed audience questions after giving a presentation on astronomy. A woman in the audience stood and refuted a portion

And it Begins…

I have not seen this number of quality investment opportunities in the world of real estate since 2014, maybe even 2010.  Not in absolute terms, but certainly from a risk adjusted return basis. Sure, in the past 9 (or 13) years there have been many

The Power of Depreciation

The Power of Depreciation By David Gunning As real estate investors, most of us have a general understanding that depreciation is something beneficial – something that acts as a write-off against income and can help us save money on taxes. But for many of us,

Into the Wild Blue

“The deal of the century comes along every week.” ~ Don “Dad” Jinks “Buy when there is blood in the streets.” ~ Nathan Rothschild “Be fearful when others are greedy, and greedy when others are fearful.” ~ Warren Buffett “Give me a firm place to

Forward and Backward

There are few Insight readers that have experienced anything like the economic and investing climate of the past year. This sort of turbulence hasn’t been witnessed in a very long time. Yes, 2008 was a wild ride, but it was completely different in cause and

Worth a Thousand Words

*Above graphic compliments of I don’t recall ever starting a previous Insight by jumping immediately into graphs, but these two graphs – telling the same story but in a different format – largely speak for themselves. Over time, the wealth of an economy (society)

What to do, what to do…

The news cycles have been chock-full for the past several months. It seems like every day we are hit with new statistics, revelations, or insights. Many, such as the war in Ukraine, a hurricane in Florida, or the election cycle, provide most of us little


As I sit down to write the September Insight, it is the afternoon of Thursday the 29th. With the Insight scheduled to be distributed tomorrow afternoon, this puts me well behind the normal distribution process. Frankly, I have been procrastinating. Not because there isn’t anything

You Win Some, You Lose Some, and You Just Plain Blow Some

Disclaimer: Economics, and therefore investing, is at times impacted by politics. Politics are by nature controversial – and even more so in today’s polarizing environment. This Insight will be wading into the impact of recent political events on investing and wealth building. There is no