Born and raised in Placerita Canyon, Mike Bjorkman is the product of no less than three generations of homeowners. If he had to list some of the values that are most important to him in this life, a strong sense of community and belonging would undoubtedly be right at the top.
Throughout his long and storied career, Mike has had a strong hand in real estate investing for that reason. For Santa Clarita in particular, he and his colleagues constantly talk about the area – its strengths, its community, and the type of atmosphere that it offers that you simply won’t find anywhere else.
Now, he’s taking the lessons he’s learned in real estate investing and is passing them on to a new generation – hopefully so that they can make as big of an impact on their environments as he has been able to make on his over the years.
The Mike Bjorkman Guide to Real Estate Investing
Indeed, the number one rule that Mike Bjorkman has for real estate investing all comes back to that simple yet essential word: community.
In his opinion, when investing in the local market, you need to pay attention to more than just how many bathrooms the home has or what the square footage is.
You need to know everything you can about the area itself, especially if you weren’t overly familiar with it at the start of the process.
You need to know what local attractions there are that might entice people to make a purchase. You need to know about the local school district and what it offers. You need to get a sense of what the area offers today and what may be coming down the road five or even ten years from now.
Mike Bjorkman explains that you will only have the rock-solid foundation upon which a successful investment will be built.
Real estate investing is about a lot more than just making money. Yes, real estate is a business – the same as any other. But really, what you’re trying to do is an excellent environment for families (and future generations of those families) to thrive. You can’t do that if you only examine things at a micro-level. You need to step back and look at the bigger picture to guarantee that you always make the right decisions at the right time.
It’s always important to diversify your investments whenever possible. You shouldn’t focus on just one small geographic area for the best results. You should try to branch out wherever possible and put your money into various properties. You still need to know as much about the surrounding areas as possible, but this is one of those situations where the old saying of “don’t put all of your eggs in one basket” very much applies.
Mike Bjorkman goes on to mention that you can follow best practices like these, the world of real estate investment is your oyster. That is a fascinating position, regardless of how long you’ve been doing it.
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