We are in unprecedented times, and our leaders don’t have a lot of quality data or information to truly combat the situation. Plans are being made in hopes of achieving intended outcomes.
People are scared. So scared that they can’t make a decision and instead sit inactive.
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Don’t Just Wait It Out
I am not doing that. I am pushing forward, putting deals together, and hustling toward my goals.
It’s true that there are a lot of unknowns, and the associated risks are higher, but we can hedge against those risks. We can build in contingencies, buffers, and reserves. We can tighten up our criteria. We can shift our focus. We can get creative.
But what we should not do is take a break and see how the market plays out. Because any time we decide to put our goals and dreams on hold, there is a very real chance we are missing out on opportunities.
There are still deals out there. There is still money to be made.
And I am still choosing to focus on real estate.
Why Real Estate?
I want to provide quality housing to Americans. I am working to set myself up so I can take care of my tenants when they are laid off or facing tough times. This drives me and keeps me moving forward, even in the face of so much uncertainty.
Anyone Can Participate
Real estate does not discriminate.
You don’t need a ton of money to get started. You don’t need to be in a particular age group, or from a certain demographic, or even have any specific skill set. You don’t even need to live anywhere near a good market.
The difference between those that make it in real estate and those that don’t comes down to nothing more than action.
Real estate has the ability to generate passive income, and this income can scale over time.
Real estate allows you to make cash now. You can attain monthly cash flow through each of your rentals, and also get a tax break each year.
You have control over this asset. You get to decide, in some part, how much it’s worth by how well you maintain it and update it. You’re in the driver’s seat, and you can market it appropriately. And you choose exactly where, when, and how to buy real estate.
Share your thoughts in the comments.