If you’re thinking of aggressively growing your real estate portfolio or want to leave your 9-5 gig for the world of entrepreneurship we’ve got some advice for you…
Better grow yourself some thick skin.
The amount of problems you’ll have to face is NOTHING in comparison to the amount of crap you’ll have to deal with from other people.
Luckily, as you grow your portfolio and your business you’ll pick up some real friends along the way.
Both Nick and I have managed to develop some real relationships with good people that will last a long time.
Many moons ago alchemists were best known for the attemptsto turn lead into gold.
Quite a feat – that was never quite accomplished!
But every single day you and I are turning the “non-valuable” into”valuable”.
You’re picking up real estate properties that other people are getting rid of and transforming them into profitable incomegenerating assets.
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Warning: Stranger than usual rant ahead…
We lost a real estate deal this week.
A big one.
One that we really wanted.
And it hurts.
I mean, we’ll live, but it was a good deal and we hesitated… only for a moment… and we lost it.
There’s something funny we’ve observed about our own lives.
Each time we’ve waited until “we’re ready” to act, to do that new project, to take that next step… we lose.
And we think we’ve figured out why.
We’re aboutRead More
Over the last couple of weeks we’ve been chatting with different business owners that are part of our personal mastermind groups.
These people are just down right smart folk.
And nice people to boot.
This little group consisted of a couple very sharp marketers who control hundreds of thousands of clicks a day.
Two guys who have started a fitness chain in the U.S. that is re-defining the concept of a gym …and it’s exploding.
A huge newsletter publisher.
And an ex-magician.
Quite the group.
We found ourselves talking about the purpose of being in businessRead More
Last year a friend completed his biggest property “flip” to date.
It took 2.5 years.
There was blood, sweat and tears.
And it was a dream realized.
He had previous experience flipping properties … lots of it.
And he had doubters before.
But this was different.
After almost two years of:
Finding a lot.
Bulldozing a house.
Dealing with neighbours.
Strategizing with Architects.
Negotiating with Contractors.
Calming down Bank Managers (who controlled the construction loan).
Dealing with unexpected design “improvements”.
The real battle startedRead More
We totally LOVE hanging out with fun people.
Last week we were at an amazing event in Arizona – totally energizing hanging out with super smart, action oriented folk.
During the breaks and at the evening dinners we started sharing stories of how we started and all the mistakes we made.
This lead to Nick and myself going over an entire list of things that we’ve done wrong.
It turns out we’ve done A LOT wrong… but luckily we’ve done just enough right to make our investments and business decisions pay off.
This got me thinking about how our “first decision” is often the wrong one… in almost everything we do.
I’m notRead More