Maintaining a positive attitude in real estate investing has been key to my long-term success since 2001. My mentors taught me that staying relentlessly positive in my investing would propel me through rough waters. And have I ever been through some rough Class-4 rapids in my day. But let's back up for a second. Before the real estate crash of 2008, I focused largely on $1 million homes in San Antonio, Texas, which I rehabbed and resold for a 30 percent profit. Those were the days -- rehab a house in four months and sell it for a $325,000 profit. Riverwalk in San Antonio. f11photo / Shutterstock.com Learn from tough times Then one morning in 2008, I called my local bank to borrow an additional $250,000 for two rehabs. The voice on the other end of the phone said, sorry -- we aren't loaning money on investment properties anymore. What? And that was when it all started to fall apart. It was nearly impossible to borrow money, though I owned 100 houses free and clear and h...
- Listening to positive and inspiring people keeps your spirits up in rough times.
- Staying positive can lead to new business opportunities.
- Stay away from negative real estate investors especially online forums.
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