In real estate investment, location is the only factor that cannot be changed, making it the single most critical consideration when acquiring or developing properties; investors should prioritize high-quality locations over other variables like upfront costs or infrastructure improvements, as the geographic position fundamentally determines long-term value and demand.
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Location is KING: What You Can't Change in Truck Parking Real Estate ft. Attorney Ronald Rohde | RigAñadido:
anything else. The only thing you, you know, in real estate, the only thing that you can't change is the location.
>> I'm trying to give an idea of, you know, if you're a new investor and you want to acquire or develop one of these facilities, you don't need to spend the money for paving. You can be kind of this class B and then this is fully tooting my own horn. I I posted on Twitter like kind of this class A, B, and C and you guys kind of said, "Yeah, that can kind of work." But I'm just trying to create some type of standard.
So, the the upfront cost is not too significant. What you're really paying for is the land and as you noted, this is real estate. It doesn't matter if you can get the land cheap, but you're outside of the metro, you're in the ETJ in Texas, you know, outside in the county. It doesn't matter. You want to have high-quality real estate.
>> Like anything else. The only thing you, you know, in real estate, the only thing that you can't change is the location.
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