AgentInvesting

3 ways to stay positive in the midst of a storm

The market crashing did wonders for my business
  • 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.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

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...