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“In the end, you have to ask yourself what kind of investor you are. Do you want cash flow? Are you willing to hold long-term? Or do you want to focus on the internal rate of return and buy, fix and sell quickly?”
Vinyl Records Are Cool Again – And So Are Shopping Center Investments
When I started leasing Las Vegas shopping centers in the fall of 1990, I did so with a mullet, a white Camaro and a phone book for cold calling. Since then, I’ve leased, sold and developed retail real estate, and learned plenty of lessons along the way. Some of them were hard, and others were harder.
One of the biggest takeaways from my 35-year career is that real estate, like fashion, music and cars, is cyclical.