When Disaster Strikes: Tough Lessons Learned From The Real Estate Trenches
I put together a special video for you with all the mistakes that I’ve made in my real estate investing biz over the years so that you can learn from them… and I’ve made some BIG ones.
It’s important to keep in mind that everyone, EVERYONE makes mistakes… doesn’t matter if you’re brand new to real estate investing or if you’re a seasoned veteran.
You’re going to make mistakes… period!
BUT, it’s how you respond, how you react, what you learn… that makes the difference.
I remember when my mentor said that when you’re actively investing in real estate over time… it’s not a matter of “if” someone will file a lawsuit against you (whether it’s a tenant, contractor, seller, lender, etc), it’s a matter of “when”.
I read about a poll that was done at the end of the nineteenth century. People were asked, “If you were to get rich, become wealthy, how would you do it?”
The answer… build a business.
The same poll was conducted a hundred years later and the answer unfortunately was… sue someone.
… just goes to show how the mindset of the masses has shifted.
In real estate investing, when things go south, it can mean broken agreements, payments falling behind, liens, judgments, foreclosure, bankruptcy.
You’re undoubtedly heard many stories of hardship over the last few years… from huge multi-million and billion dollar real estate investment companies, developers, banks, mortgage companies…
… but regardless of the adversity faced, there are KEY lessons to be learned and leveraged into your next deal, your business, your personal life.
In the video below, I go in-depth explaining specifically the BIG mistakes I’ve made, how I’ve responded, how I’ve weathered the storm… and my hope is that you can experience these through me, learn from them, and avoid them in your own business and life.
This is a very PERSONAL video (and it’s also 25 minutes long)… but please, I urge you to watch this video NOW.
You know, whether you’re just getting started or whether you’re doing a HUGE volume of deals… you’re gonna make mistakes. Everyone does. And that’s ok.
If you’ve had an agreement go south or if you do in the future, don’t be surprised if someone yells “scam” or “lawsuit”! That’s unfortunately hard wired into the minds of the masses these days.
But, hang in there. Take the lessons from this video and apply them in your business, your life.
… and realize that sure… there’s a lot of risk investing in real estate. BUT, there’s also a lot of risk driving your car everyday.
When investing in real estate, take calculated risks. Educate yourself. Surround yourself with a team of experts. Do your due diligence. Learn from other investors. Do the best you can with what you’ve got.
As for me, I’m just gonna keep moving forward. No matter how long, how hard, I will persist until…
Patrick
… aka P-Rid
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