Within the recent years many of us have taken the road many traveled. Some would call it we failed and others would say we just took a detour to the goals we would like to reach.
Denis Waitley said it best:
“Failure should be our teacher, not our undertaker. Failure is delay, not defeat. It is a temporary detour, not a dead end. Failure is something we can avoid only by saying nothing, doing nothing, and being nothing.” Denis Waitley (American motivational Speaker and Author of self-help books. b.1933)
I took my personal detour and had decided to hit my personal reset button and take my personal detour. During my scenic travels I have learned a lot what I now can utilize in my daily Real Estate business.
The Real Estate market is starting to return to a new “normal” and is ready for the buyers who have hit their personal reset button a while back and now are ready to buy for their personal investments. This market is best for the investor who is a cash buyer at this time. Who has either has personal experience in rehabbing properties or has the cash flow to hire a contractor to help with the rehab.
Sure, currently the interest rate for a mortgage is low right, but why are you wanting your investment to pay someone else but you? I mentioned this in my blog called “Are your investments paying you or do your pay for them?”
There will be always good deals in real estate even later, when you are not at the point to pay cash for any investment you would like to buy today.
Here are some Ideas on how to get you to the point to pay cash for a real estate investment:
- Pay off your credit cards, house and toys.
- Save for your emergency fund and when you have kids start their college fund if needed
- Start saving for your investments plus keep the repairs and upkeep and other expenses like taxes insurance in mind when creating the fund.
Will you have your bills paid and your funds in place over night? No!!! This will take time and a bit of personal sacrifices.
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