Philosophically, I want to train you to embrace the unexpected because itβs from the unexpected that you will make big leaps and bounds in your success. π
Most people are scared to go to the bank and ask for a mortgage. You shouldnβt ask for a mortgage because the bank is the mortgagee, we are offering them a mortgage. π¦
Our success in life, not just in real estate but in any area of life; personal and business relationships or what we want to do or what we want to achieve is dependent on our psyche. π§
It is a philosophy of life for me that if you have too much in life planned, if you have too many to-do lists youβll never come across spectacular deals that will make a massive difference in your life. π―
The difference between doing a small $100,000 residential deal and a big $100,000,000 commercial deal is just a few zeros and attitude. ππΌββοΈ
Becoming a commercial real estate investor can come with enormous benefits. For instance, you get higher returns, fewer management issues, and you have the ability to become more creative. π’
In comparing investing in land with investing in property where there is an existing cash flow, I strongly favor investing in property because you have cash flow from day one.π΅
When you fully understand Capitalization Rate you will make a lot of money in commercial real estate because you will realize that if you double the rental you will double the value of the property. π΅