Investor Procrastination

We all know that procrastination is bad in most cases. Procrastination has been one of the “evils” of business for just about as long as I can remember. You know the old saying, “Never put off until tomorrow what you can do today”.

But are there ever times when it is good? I think there are occasions when procrastination, delays and second thoughts which cause us to put something off actually work to our benefit.

The Old “Gut Feeling”

Have you ever pulled up in front of a property and gotten an odd feeling before you ever opened the front door? I know I have. Most of us would call that a gut feeling. This isn’t about the house that is obviously in a bad neighborhood, but rather something a little bit more subtle.

I once had an appointment to look at a house in a solid middle class neighborhood. All the houses looked nice. In fact the house I was there to inspect seemed to be a little too nice for the asking price. I couldn’t quite put my finger on it, but there was something that just didn’t seem right. As I glanced up and down the street, the only thing I noticed was a few of men out in the yard at one of the homes across the street. Otherwise everything looked OK.

I went in and took a look around the house. Everything was updated and at first glance this house looked like it would make a great rental. I walked through the house a second time just to be sure I hadn’t missed anything. I went out the back door and started to walk around the exterior of the property.

That was when I caught another glance at the house across the street. There were now about a dozen men …read more