Rod Dabney attended a Scott Yancey real estate workshop because he wanted to make more money, help himself get out of debt, help his son through college and to help others. Rod’s review of his experience at the Yancey event is below:
Rod felt he learned a lot of new information and now he has become enlighten and excited. He would recommend this event to others and now with what he has taken from this training he feels he can begin in and do real estate investing.
This is Scott’s latest tweet –
Knowing the absorption rate helps to invest. It’s not a slam dunk, but it can help. https://t.co/G7DTj9eb4l
— Scott Yancey (@Scott_Yancey) October 17, 2016
Here is more on Scott’s article Absorption Rate- Your Best Friend for Knowing When to Invest
In starter homes and lower priced markets, sales tend to be faster, so you may see average absorption in the 3-month to 6-month range. To get the value from using the local absorption rate in making decisions, you need to keep up with the rate over time. It is changes you’re looking for.
Back to our example, let’s say that we’ve been watching the absorption rate for a while, and it is normally running between 5 and 7 months, as it is in our calculation. It’s pretty much a normal market right now.
But, we do it again next month, of course our three months will change to the closest three, and suddenly we see that it has dropped to 4 months. In other words, we’re selling off inventory faster for one of two reasons: Read more here…. http://ift.tt/2dmYZ4F.
By watching the absorption rate in your local real estate marketing you can make better decisions on your investments.
A Scott Yancey Real Estate Event Can Help You Learn What It Takes To Be Successful syndicated from http://www.scottyanceyreviews.com/a-scott-yancey-real-estate-event-can-help-you-learn-what-it-takes-to-be-successful/.