A candid conversation with one investor who is getting back on the road to real estate riches after the downturn wiped out much of his portfolio.  We often say that a bend in the road isn’t the end of the road - unless you fail to make the turn! The real estate market made a sharp turn a couple of years ago.  Lots of people failed to adjust and are no longer in the business.  Many of those who are still on the path had to make adjustments. From Donald Trump to Walter Sanford to Robert Kiyosaki to Wayne Palmer, we never get tired of hearing the riches to rags to riches stories.  Successful people are successful - even when they’re failing - because they know how to manage their fears, analyze their failures, get the lessons and take effective action to come back bigger and better than before. We decided to catch up with David Campbell, a former high school teacher turned real estate millionaire who lost nearly everything when the mortgage meltdown slammed property values.  Now, he’s rebuilding - using the lessons from the hard times to build a much stronger and more stable portfolio. Tune in and find out how David manages his psychology in the face of setbacks, and how his approach to real estate investing has changed.  David shares his new investment philosophy and reveals what property types and markets he’s having success with right now - and why. If you think winners never lose, then this show will show you that bad things can happen to good investors.  But a good investor will shift gears and get back on track!

Unless you’ve been living off planet, you know that the real estate world has changed dramatically in the last few years.  Why?  Because financing as we came to know and love it has all but disappeared. 

But does that mean people have stopped wanting to buy real estate?  Of course not! The idea of fractional (not “fractured”, though many underwater property owners may feel that way) ownership isn’t new.  It’s a proven structure which is often used to allow people the opportunity to enjoy the use and ownership of resort properties.  But it’s also a great technique for building a diverse portfolio of investment property.  And of course, you can combine resort property and your investment goals in what we call Lifestyle Investing.  That's one of our FAVORITE ways to invest!

We think market conditions are ripe for more people to consider fractional structures.  So we decided it would be a good idea to talk to one of the biggest brains on the subject, Dr. Dick Ragatz.  Anytime you call someone “doctor”, you know they’re pretty smart. 

Dr. Ragatz has a Master’s degree from the University of California at Berkeley and a Ph.D. in City and Regional Planning from Cornell.  He taught Housing Market Analysis at Cornell and also at the University of Oregon.  He’s been an active participant and leader in many industry trade groups including the American Society of Planning Officials, the American Institute of Planner, the American Institute of Certified Planners, and our personal favorite, the American Resort Development Association (ARDA).  He won awards for outstanding contributions from ARDA in 1989, 1995 and 2006.

We could go on and on, but you get the point.  He’s a really smart and accomplished guy, the kind you would want to sit down and talk real estate with.  So, since you couldn’t do that yourself, we did it for you!

Check out this very informative interview with this highly intelligent industry leader. Get the inside scoop on what’s happening in one of the most interesting segments of the ever-changing real estate industry, courtesy of The Real Estate Guys Radio Show!  You’re welcome.   ;-)