Are You Prepared For The Good Times & The Bad Times That Come Along With Real Estate Investing?


Just like everything in life there are good times and bad times and real estate is no exception to this rule.


If you are new to real estate investing you want to educate yourself so that you can think and act like a wise experienced real estate investor…


Experienced investors focus on economic fundamentals of the deal rather than allowing emotions to take over.


Positive emotions are acceptable such as celebrating the closing of your property or perhaps celebrating the huge spike of cash that gets wired into your bank account after the successful completion of selling a property…


It's the negative emotions that you must keep in check and that is why it is important for you to follow a proven system and model after a successful real estate investor that has accomplished what you desire…


If you allow your negative emotions to take over it can cloud your judgement and you could make a fatal mistake that's good cost you a ton of money…


In my real estate coaching business and in the 20-plus years of real estate experience I have gained I have heard countless stories of new investors that have allowed their fear and emotions to get the best of them…


One example of this is when an investor sells a property out of fear and frustration leaving tons of profit on the table…


Another example I see quite often is that new investors will get excited and accept any tenants they find for their rental units. This almost always backfires and will cost you a lot more in the long run. Remember that experienced real estate investors follow a proven system for selecting tenants that meet the approval criteria.


Success in business and in real estate investing is never a straight line. You must be prepared for the for the good times as well as the bad times.


Once you understand that there will be bad times you can build a contingency plan into your system so that you never have to worry about the bad times...


You are prepared for them well in advance.


A good example of this is to collect a reserve fund for maintenance and repairs. You can do this by ensuring that you have at least three months carrying costs in your account prior to purchasing a real estate assets as well as reserving a portion of the monthly cash flow that comes in from the rent that you collect...


As they say "an ounce of prevention is better than a pound of cure."


Now over time your reserve funds could be quite substantial but you must be a disciplined investor and allow the funds to grow so that they are there when you need them for maintenance and repairs.


I have seen new investors make the mistake of spending their cash reserves and then when tragedy strikes they have no funds available to cover the cost which ultimately leads them to make a bad selling decision…


I want to encourage you to learn from their mistakes so this never happens to you.


Another emotional mistake I see inexperienced investors make is falling in love with a deal.


Remember why you are investing... If the deal does not meet the approval criteria and return a solid positive cash flow you must be willing to walk away…


There is always another deal around the corner ***( especially when you know how to create the deal)


In real estate you never want to try and time the market. You want to invest for the long-term... This will also help you keep your emotions in check.


Now be honest with yourself here…


Do you have the emotional strength and devotion to stick with a real estate investment deal for 5 years, 10 years, or possibly much longer?


If you would like some help with your real estate investments or you would like to chat about how you can get started in real estate today following a proven system please reach out and book your complimentary strategy session now


I look forward to helping you with all your real estate needs.

Until next time always remember " The More You C.A.R.E. The Less You Work"

Your real estate-based wealth coach,

Jeff Woods



C.A.R.E. Coach - Jeffery Woods

1. Join the C.A.R.E. community and connect with other real estate investors that are taking massive action. It's our new Facebook community where smart real estate investors connect, learn, and grow! Grow your wealth, Freedom, Impact, & portfolio! CLICK HERE to join today.

2. Work with me and my team privately. If you would like me to help you avoid costly mistakes and grow your real state business so that you can have the finances and time to fund your desired life let's chat. CLICK HERE to grab a complimentary strategy session. This way we can chat and get to know each other better. This is not a sales call I do NOT work with everyone. I want to see if we are a good fit and help you. If you decide you want to continue to work with me and you meet my criteria we can explore what that may look like. Because I am actively running my real estate businesses and value my free time I only work privately with a small select few every year. BOOK YOUR SESSION HERE.

Contact
  • Black Instagram Icon
  • Black Facebook Icon
  • Black Twitter Icon

112 Queenston St, St Catharines, ON

​​

Tel: 905-688-1586

Fax: 905-688-1586

help@jefferywoods.com

IMPORTANT: Earnings and Legal Disclaimers

We don't believe in get-rich-quick programs. We believe in hard work, adding value and serving others. And that's what our programs are designed to help you do. As stated by law, we can not and do not make any guarantees about your own ability to get results or earn any money with our ideas, information, programs or strategies. We don't know you and, besides, your results in life are up to you. Agreed? We're here to help by giving you our greatest strategies to move you forward, faster. However, nothing on this page or any of our websites or emails is a promise or guarantee of future earnings. Any financial numbers referenced here, or on any of our sites or emails, are simply estimates or projections or past results, and should not be considered exact, actual or as a promise of potential earnings - all numbers are illustrative only. If you have questions, send it via the contact form above. Thanks for stopping by. Until next time, remember: the more you C.A.R.E. the more you earn and the less you work!

Copyright © 2020 - Jeffery Woods Coaching - Correct Action Real Estate Inc Privacy Terms - Disclaimer