How much are you paying in Lost Opportunity Costs?
By Gary Bailey | April 9, 2011 | lost opportunity costs experienced investors seasoned veteransA concept that investors rarely consider is the concept of Lost Opportunity Costs. What exactly are lost opportunity cost? Quite simply put, lost opportunity costs are the cost of the status quo, or the cost of inaction. The Status Quo As an active real estate investor, when you step back and look at your business, one of the first things you will probably consider is how much money your business is generating. Are you generating $20,000, $30,000, or even $50,000 a year buying and selling property? However, very few investors stop to consider the cost of lost opportunities. Lost opportunities for active investors are frequently caused by a lack of a consistent supply of properties or limited funds that may allow them to complete only one or two ...
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