Our goal as a Registered Investment Advisor is to provide our clients with the best risk adjusted returns in the pursuit of achieving their goals. We try to be agnostic regarding how investors achieve their return and many of our clients invest in real estate as part of their overall strategy. Many we have spoken with recently are increasingly cautious when it comes to acquiring new real estate investments. This is a result of either prices being too high relative to potential rents and/or a worry about the Federal Reserve’s change in monetary policy. So, how worried should we be? Do high prices and higher interest rates justify caution?

I’ve long been of the opinion that emotional intelligence (EQ) is one of the hardest skills to acquire. But with it, it’s a heck of a lot easier to admit what you don’t know. And ask for help. And seek out mentors, advisors, and people smarter than yourself. To share your dream with others and then trust they can help you figure out how to execute it. Phil Knight’s EQ is on full display throughout the founding of Nike and in his candor retelling the story some 50+ years later.