Two real estate investors argue that beginners should trust numbers over gut instinct. Unless you've done as many deals as they have, your instinct isn't calibrated yet. Let the data decide.
Chapters
Is it a good thing if we're able to prejudge a property, or do we just want the numbers just to tell us instead of our own instinct?
I want the numbers to tell you instead of your own instinct. Your instinct hasn't— you haven't done enough deals to have your instinct tell you. Uh-huh. Let's do a walkthrough tomorrow or Thursday. You come at the property? No, I'm in Arizona. Sorry. More hurdles to jump through. Super not fun. Okay. So let's go ahead and share this with you guys. So here's what I'd say for all of you for your instinct. Until you've done as many deals as Tommy and I have done, I invite you to consider your instinct is not finely tuned yet. And here's how I know.