Behind The Shine 3/24/23

    Delayed gratification is the secret to wealth building and real estate investing.

    I have hardly any deals that made me a ton of money right out the gate, and I have zero deals that don’t make me money after I’ve owned them for a while. 

    I realized that if I’m going to own an asset for 30-50 years, and I just need to wait nine years before I break even, that’s not the end of the world, especially if the tenant’s paying the mortgage off for me.

    So when I looked at it at a 30-year perspective and I ran the numbers, I saw, “There’s nothing that comes even close to this. I just need to be able to make it nine years of losing money, and then I’m golden.”

    Take a long-term approach.

    When we take a short-term approach, when we say, “I want to quit my job right now, I need to find a duplex so that I can do it. I need money right now. I want to buy a Tesla right now. I need immediate gratification,” real estate becomes very frustrating.

    Don’t forget to set a reminder in your phone that I’ll be on YouTube live tonight at 5 PM PST with Kyle. We’ll be live from the Scottsdale Retreat to talk about goal-setting!

    Come join and ask us questions!

    Spartan League is a community of elite individuals interested in real estate investing and finance. 

    Designed to create strategy, share knowledge, and build unbreakable camaraderie, it’s a call to armsfor those ready to conquer their market, control their destructive impulses, and dominate the  industry.

    Join us now, and become part of a brotherhood of champions, just like the warriors of ancient  Sparta. 

    If you’re ready to take your real estate investing and finance game to the next level, sign up now  and receive the tools of financial warfare to take your place amongst the financial elite.

    Oftentimes real estate does not line up with our personal goals.

    What the market’s doing can sometimes be working against you.

    So imagine that you’re in a river and there’s no current at all. You need to swim really hard to get where you want to go. Well, sometimes the current goes with you and it makes it easier. This current of real estate flows with you.

    And sometimes it flows against you and you’re swimming against the current, which is kind of the case of where we are right now.

    You can’t get discouraged when real estate doesn’t line up with all your personal goals.

    It is not a linear progression. It comes in these short spurts where you can get a ton of good deals and make a lot of money, and then sometimes longer marathons where you’re not really making as much progress and it can be discouraging.

    So don’t get caught up by the people that bought a bunch of houses between 2010 and 2013 and they crushed it and you’re like, “Well, how come I can’t go do that?” It was a different market.

    And don’t be discouraged when you’re out there networking and analyzing deals and writing low offers and learning about real estate, but you’re not getting anything under contract.

    You are still getting stronger. You’re improving your ability to swim and it will turn around, but you’re not in control of when that happens.

    All you’re in control of is the action you take, the attitude that you bring, and the level of commitment that you have.

    The recent news about bank collapses and emergency rescues may seem distant and alarming to many people. However, it’s important to understand the potential consequences that these events could have on the U.S. economy, small businesses, and regular people. Read the full blog post here.

    No one begins investing in real estate to just own one property…but in an expensive market with tight margins, how do you scale and purchase your next investment property?

    Join me and my team as we share how investors are currently utilizing creative strategies to grow and manage their real estate portfolios in Southern California.

    We’ll dive into key topics such as:

    • What are the highest performing property types for investors?
    • How to utilize different financing strategies
    • What metrics to look for in your deals
    • Should you keep your property and rent it out, or sell it based on your return on equity (ROE)?
    • And so much more!

    This will also be a great opportunity to meet other like-minded investors in the local area and network with people who can help you successfully secure your next deal.

    *VIP Hour with me: Limited spots available. Join in on an investment Q&A in an intimate group setting with me. You’ll have the opportunity to ask me questions about your own real estate journey and he will share his advice and what he would do in your situation!

    Join us on April 22nd in Anaheim, CA.

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